A Medium-Term Note (MTN) ________

question 2

Multiple Choice

A medium-term note (MTN) ________.

• A) is a corporate debt instrument, with the unique characteristic that notes are offered continuously to investors by an agent of the issuer.
• B) cannot be registered with the SEC under Rule 415 (the shelf registration rule).
• C) was not traditionally used to refer to debt issues with a maturity greater than one year but less than 15 years.
• D) have not been sold with maturities from nine months to 30 years, and even longer.

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Definitions:

Demand

Describes the quantity of a product or service that consumers are willing and able to purchase at various price levels, at a given moment.

Supply

The total quantity of a good or service that is available for purchase at any given price point.

Farm Products

Goods that are produced by agricultural activities; includes crops, livestock, and related commodities.

Export Demand

The desire and willingness of foreign consumers and businesses to purchase goods and services produced in another country.