An economic ____ is the phase in which unemployment begins to decrease, demand for goods and services increases, and GDP begins to rise again.
Fill in the blank(s) with the appropriate word(s).
Ans: Recovery
Business
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Bond price: Your friend recommends that you invest in a three-year bond issued by Trimer, Inc., that will pay annual coupons of 10 percent. Similar investments today will yield 6 percent. How much should you pay for the bond?
A) $1,024 B) $979 C) $886 D) $1,107
Business
_____________ are the two important forms of contractual savings organizations.
a. Insurance companies and pension funds b. Banks and insurance companies c. Investment banks and pension funds d. Pension funds and brokerage firms e. none of the above
Business