Export / import, the exchange of goods and services for other goods and services, is another way of trading with countries lacking convertible currency

Discuss the agent's duties to the principal

What will be an ideal response?

Which one of the following statements correctly describes the major drawback of a zero-coupon bond?

A) Unless the bond is held in a tax-sheltered account, the investor must pay taxes on the annual accrued interest even though no interest is actually received. B) The conversion feature found on most zero-coupon bonds generally requires the investor to switch to a coupon-bearing bond after a period of 5 years. C) The lack of an annual coupon basically prohibits the investor from locking in a high rate of return. D) Because there is no reinvestment of a coupon payment, large capital losses accrue when interest rates decline.