Which of the following is correct?
a. Lenders sell bonds and borrowers buy them.
b. Long-term bonds usually pay a lower interest rate than do short-term bonds because long-term bonds are riskier.
c. The term junk bonds refers to bonds that have been resold many times.
d. None of the above is correct.
d
Economics
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Which of the following is true for the monopolist?
a. Marginal revenue is less than the price charged. b. Economic profit is possible in the long-run. c. Profit maximizing or loss minimizing occurs when marginal revenue equals marginal cost. d. All of the above. e. None of the above.
Economics
In 2008, the nominal GDP of the United States was approximately
a. $11.0 trillion b. $14.4 trillion c. $10.1 trillion d. $12.0 trillion e. $7.5 trillion
Economics