Debt Is Usually Issued with a Par Value of _____

question 43

Multiple Choice

Debt is usually issued with a par value of _____.

• A) $500
• B) $0
• C) $1,000
• D) $5,000

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Definitions:

External Costs

Costs of a transaction or activity that affect third parties who did not choose to incur that cost, often seen in environmental pollution.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which there are many substitutes.

External Benefit

A benefit that people other than the consumer or producer enjoy, resulting from a transaction or activity.

Economic Efficiency

A condition in which all available resources are utilized in the most effective manner to satisfy society's needs and wants, minimizing waste and maximizing value.