The market prices of existing bonds are
A. not related to the interest rate.
B. inversely related to the interest rate.
C. stated in terms of the interest rate.
D. directly related to the interest rate.
Answer: B
Economics
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A person keeps $500 in his home in order to be prepared for some unforeseen future event. This reflects his
A) speculative demand for money. B) asset demand for money. C) liquidity demand for money. D) precautionary demand for money.
Economics
Which of the following is an example of money?
A) currency inside the banks B) currency in your wallet C) credit card used as a payment for a good or service D) a debit card E) checks written as payment for a good or service
Economics