In Recent Years Security Dealers Have Assembled Pools of Federal

question 19

Multiple Choice

In recent years security dealers have assembled pools of federal agency securities whose interest yield may be periodically reset based on what happens to a stated interest rate,or may carry multiple coupon rates that are periodically adjusted;the foregoing describes a:

• A)financial futures contract.
• B)revenue-anticipation note.
• C)zero coupon instrument.
• D)structured note.
• E)None of the options is correct.

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive, reflecting the producer's benefit.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials used as a fuel and in the production of chemicals, plastics, and other materials.

Tariff

A tax imposed on imported goods and services to increase their price, protect domestic industries, or generate revenue.

Roses Imported

The total quantity or value of roses brought into a country from abroad for sale.