The face value of a bond is:
a. the amount of the coupon that is paid at equal intervals.
b. the amount repaid to the lender on maturity.
c. the percentage of company profits that is paid to the borrower.
d. equivalent to the capital gain.
e. equivalent to economic profit.
b
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The U.S. Balance of Payments is constructed by
A) the U.S. Department of Labor. B) the U.S. Department of Agriculture. C) the U.S. Department of Commerce. D) the Council of Economic Advisers to the President.
A rise in the value of a currency in relation to another currency in the international market is called:
a. appreciation. b. depreciation. c. devaluation. d. conservation. e. redenomination.
Theoretically, the price of a field hand on the New Orleans slave market would have
a. varied directly with the price of cotton. b. risen as interest rates fell. c. risen when the importation of slaves became illegal. d. All of the above are true.
If interest rates are rising in an economy, what might the relationship be between savings and investment that is causing this to happen?
a) Savings is greater than investment demand. b) Investment demand is greater than savings. c) Savings and investment are both rising rapidly. d) Savings and investment are both falling rapidly.