Benefits from Trade Would Not Include

question 30

Multiple Choice

Benefits from trade would not include

• A)the ability of people and nations to specialize.
• B)a greater variety of goods and services becoming available.
• C)less competition.
• D)lower prices.

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Definitions:

Bond Premium

The amount by which the market price of a bond exceeds its face value, often because it offers an interest rate higher than the current market rates.

Callable Bond

A type of bond that gives the issuer the right to repay the bond before its maturity date at a predetermined call price.

Term Bond

A bond that reaches its maturity date at the same time, where the principal amount is due in a lump sum at the end.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the issuer's equity at certain times during its life, usually at the discretion of the bondholder.