The Average Tariff Rate Imposed by Australia on Imported Goods

question 65

Multiple Choice

The average tariff rate imposed by Australia on imported goods

• A) peaked in 1990.
• B) peaked in 1980.
• C) has generally increased over the past 60 years.
• D) has generally decreased over the past 60 years.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including all payments of principal and interest.

Immunization

A strategy that matches durations of assets and liabilities so as to make net worth unaffected by interest rate movements.

Interest-Rate Risk

The potential for investment losses due to fluctuations in interest rates, affecting particularly fixed-income securities.

Default Risk

The possibility that a borrower will fail to meet the obligations of a debt agreement.