A Bond That Is Bought at a Price Below Its

question 45

Multiple Choice

A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a

• A)simple loan.
• B)fixed-payment loan.
• C)coupon bond.
• D)discount bond.

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A condition where a country's exports exceed its imports, resulting in a positive balance of trade.

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The difference between a country's total value of exports and its total value of imports. If exports exceed imports, net exports are positive; if imports exceed exports, net exports are negative.

Fundamental Principle

A basic idea, concept, or rule that serves as the foundation for a system of belief or behavior or for a chain of reasoning.