After the Great Recession Was Officially Over, the Average Duration

question 31

Multiple Choice

After the Great Recession was officially over, the average duration of unemployment in the U.S.peaked at about

• A)18 weeks
• B)24 weeks
• C)32 weeks
• D)36 weeks
• E)40 weeks

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Definitions:

Short-Term Bonds

Bonds with maturities typically less than five years, offering lower risk and lower return potential compared to longer-term bonds.

Coupon Rate

The interest rate paid yearly on a bond, expressed as a percentage of its face value.

Market Value

The rate at which a service or asset is presently traded in the market.

Call Premium

Amount by which the call price exceeds the par value of the bond.