A bond is
A. A certificate acknowledging a debt and the amount of interest to be paid each year until repayment; an IOU.
B. An insurance policy investor's purchase to protect against the possibility of falling stock prices.
C. A coupon used to collect a dividend.
D. A share in a corporation.
Answer: A
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An increase in license fees -- a long run recurring fixed cost -- will lead to a drop in the number of firms competing in a competitive industry.
Answer the following statement true (T) or false (F)
Explain the relationship between the aggregate supply curve and the Phillips curve
What will be an ideal response?
Any point on the production possibilities frontier is called
A) unemployment. B) inefficient. C) unobtainable. D) full employment.
Which of the following would increase the incentive of healthcare consumers to economize and help reduce the future growth of healthcare prices in the United States?
a. an increase in the share of healthcare costs paid for either directly or from personal medical savings accounts b. subsidies that would encourage consumers to purchase low co-payment insurance plans c. a new government program that would cover the cost of prescription drugs purchased by all healthcare consumers d. a reduction in the eligibility age for the coverage of Medicare from 65 to 55 years of age