In the Years After 1998,the Most Severe Recession Occurred During

question 149

Multiple Choice

In the years after 1998,the most severe recession occurred during

• A)1998.
• B)2000-2001.
• C)2008-2009.
• D)1999-2001.
• E)2005.

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Definitions:

Treasury Bond

A long-term, fixed-interest government debt security with a maturity of more than 10 years issued by the U.S. Department of the Treasury.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, which includes all remaining coupon payments and the repayment of the principal.

Credit Risk

The risk of loss due to a borrower's failure to make payments on any type of debt.

Sovereign Default

The failure of a country's government to meet its bond payment obligations, or to honor its debt agreements.