A Thirty-Year Bond Would Be Initially Issued in Which Market(s)

question 18

Multiple Choice

A thirty-year bond would be initially issued in which market(s) ?

• A)Capital market
• B)Primary market
• C)Secondary market
• D)Both a and b

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Definitions:

Moral Obligation

A duty which one owes, and which he ought to perform, but which he is not legally bound to fulfil.

Basic Necessities

Goods or services considered essential for maintaining a minimum standard of living, such as food, water, shelter, and healthcare.

Utilitarian Justice

A principle that advocates for actions that promote the greatest happiness or utility for the greatest number of people.

Decreasing Marginal Utility

The economic principle stating that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.