What is meant by senior debt?
A) debt that has been around for the longest period of time
B) debt that must be paid before junior debt is paid
C) debt owed to the federal government
D) debt issued by the federal government as opposed to states or corporations
B
You might also like to view...
For a perfectly competitive firm, price is identical to marginal revenue at every quantity
a. True b. False
The assumption that people act in their best self-interest means people
a. do what gives them the greatest benefits at the lowest costs. b. are selfish. c. do what gives them the smallest benefits at the greatest costs. d. are irrational.
Buying a cup of coffee with a dollar bill represents the use of money as a:
a. unit of account. b. medium of exchange. c. store of value. d. All of the answers are correct.
If net exports are negative
A) net foreign investment is positive. B) capital inflows must be less than capital outflows. C) net foreign investment is also negative. D) Both A and B are correct.