Policies Promoting Asset Creation and Growth May Improve Well-Being of the Poor

question 8

Multiple Choice

Policies promoting asset creation and growth may improve well-being of the poor through

• A) the policies give the poor new assets directly or they encourage the poor to undertake their own investments.
• B) the policies drive up wages for low-skill workers or drive down the prices of goods consumed by the poor.
• C) the policies can generate more assets for non-poor and their assets can be transferred to the poor through public or private safety nets.
• D) All of the above.

Understand the concept of bond duration and its calculation.

Calculate the change in bond prices given duration and a change in yield.

Distinguish between Macaulay duration and modified duration.

Understand and apply the concept of convexity in bond pricing.

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