Answer the Following Questions

question 175

Essay

Answer the following questions:
a.What is a bond?
b.If bonds make fixed payments every year, explain how a reduction in market interest rates will increase the price of the bond in the market.

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Definitions:

Private Sector

Part of the economy that is run by individuals and companies for profit and is not directly controlled by the state.

Wage Survey Data

Information gathered about salary rates and compensation for various jobs, used to benchmark and set salaries.

Trade Associations

Organizations founded and funded by businesses that operate in a specific industry to protect and promote their common interests.