If a bond is sold in the secondary market,
a. the issuing firm is buying back its own bond
b. the issuing firm does not obtain any part of the price
c. the seller remits a portion of the price to the issuing firm
d. the yield must be insufficient to justify sale on the primary market
e. the seller is the issuing firm
B
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Eurobanks are essentially intermediaries
Indicate whether the statement is true or false
Refer to the above table. Which of the following statements is correct?
A) The table follows economic principles because in an increasing cost industry, increases in a variable input will lead to increase in output. B) The table does not follow economic principles because in an increasing cost industry, increases in a variable input will lead to decrease in output. C) The table follows economic principles because the law of diminishing marginal product predicts that increase in a variable input will eventually lead to a decrease in the marginal physical product. D) The table does not follow economic principles because the law of diminishing marginal product predicts that increase in a variable input will eventually lead to an increase in the marginal physical product.
The variables on the vertical and horizontal axes of the aggregate demand and supply graph are
a. the price level and real output. b. real output and employment. c. employment and the inflation rate. d. the value of money and the price level.
All of the following are considered input barriers to entry except?:
A) control of a key raw material by a single firm.
B) the ability to obtain financing for capital projects at more favorable rates than potential competitors.
C) the fact that workers in a particular industry belong to a union.
D) a patent on a specialized type of capital that is needed to produce a particular product.