Junk bonds, bonds with a low bond rating, are also known as
A) high-yield bonds.
B) investment grade bonds.
C) high quality bonds.
D) zero-coupon bonds.
A
You might also like to view...
A monopolist who owned the entire supply of a scarce resource would set a price
a. at about the competitive level. b. lower than the competitive level. c. higher than the competitive level but lower than what a monopoly producer of a non-scarce good would. d. above that which would be chosen by a monopoly producer of a nonscarce good.
When households find themselves holding too much money, they respond by
a. purchasing interest-earning financial assets and interest rates fall. b. purchasing interest-earning financial assets and interest rates rise. c. holding the extra money and interest rates rise. d. selling interest-earning financial assets, which eliminates the excess supply of money.