Which of the following is correct?
a. The maturity of a bond refers to the amount to be paid back.
b. The principal of the bond refers to the person selling the bond.
c. A bond buyer cannot sell a bond before it matures.
d. None of the above is correct.
d
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Economic rent is the amount of money above and beyond that necessary to keep the factor of production employed where it is.
Answer the following statement true (T) or false (F)
Refer to Table 9-5. Consider the following values of the consumer price index for 2015 and 2016. The inflation rate for 2016 was equal to
A) 215 percent. B) 21.5 percent. C) 8.0 percent. D) 3.9 percent.
According to Hughes and Cain (2011), all of the following have been primary motives throughout American history for government regulation except
(a) the existence of monopoly power (b) quality control of products and services (c) funding of government activities through taxation (d) raising wages and improving working conditions
If a Pigovian tax is levied on consumers, the demand curve will shift:
A. straight down, decreasing quantity. B. straight up, decreasing quantity. C. straight up, increasing quantity. D. straight down, increasing quantity.