Like Many Families, the National Debt in 2010 Was Many

question 101

True/False

Like many families, the national debt in 2010 was many times larger than the national income.

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Definitions:

Stock Split

A corporate action that increases the number of a company’s outstanding shares by dividing each share, which in turn reduces the price per share.

Par Value

The face value of a bond or the stock value stated in the corporate charter, which is the legal capital per share.

Market Value

The current quoted price at which an asset or service can be bought or sold in an open market.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by issuing more shares to current shareholders.