The price of a coupon bond and the yield to maturity are ________ related; that is, as the yield to maturity ________, the price of the bond ________
A) positively; rises; rises
B) negatively; falls; falls
C) positively; rises; falls
D) negatively; rises; falls
D
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What is a banking panic, and what role did banking panics play in the decision by Congress to establish the Federal Reserve?
What will be an ideal response?
The decline in the value of the yen in 2014 and 2015 occurred as a result of the Japanese central bank, the Bank of Japan, following an expansionary monetary policy
Investors expected that the result would be lower nominal Japanese interest rates and a higher inflation rate. In response, investors ________, causing the value of the yen to decline against the dollar. A) bought Japanese yen and sold U.S. dollars B) bought Japanese yen and bought U.S. dollars C) sold Japanese yen and bought U.S. dollars D) sold Japanese yen and sold U.S. dollars