If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, what is the size of the coupon payment?

Since the 1930s, overall tariff rates in the United States have

A) increased. B) decreased. C) remained unchanged. D) become very unstable, changing week to week.

In developing countries, it is not true that

a. banks are often viewed with suspicion b. at the first sign of economic problems, many bank depositors withdraw their funds c. because banks cannot rely on a continuous supply of deposits, banks cannot make loans for extended periods d. if financial institutions fail to serve as intermediaries between savers and borrowers, the lack of funds for investment will make growth rates double e. the credit provided by banks as a percent of total output is one fifth that in high-income countries