Based on the fertility-rate calculations for major industrialized countries, their populations are expected to decline significantly in the coming years because the:
A. Total fertility rate is higher than the replacement rate
B. Total fertility rate is below the replacement rate
C. Fertility rate and the replacement rate are about equal
D. Fertility rate divided by the replacement rate is greater than one
B. Total fertility rate is below the replacement rate
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A corporation is liable to pay to bondholders the
a. current interest rate in the bond market. b. current yield on the particular bond. c. coupon rate on the bond. d. yield on the bond at maturity.
Securities markets perform a valuable economic function because they provide
a. an opportunity for investors to make money in a short time. b. the principal indicator of the performance of the U.S. economy. c. an easy way to transfer corporate securities, thereby reducing risk to investors. d. assurance that stock purchasers can get back the purchase price of their stock.