Long-Term Notes May Have

question 86

Multiple Choice

Long-term notes may have

• A) fixed rates of interest only.
• B) floating interest rates only.
• C) no interest rates.
• D) fixed or floating interest rates.

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Definitions:

Imports

Merchandise or services entering a nation from a foreign country, intended for sale or application.

Exports

Exports refer to goods or services sent from one country to another for sale or trade, contributing to a nation's gross domestic product.

Trade Deficit

An economic measure of a negative balance of trade where a country's imports exceed its exports over a given period.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for a unit of another currency.