The 17^th and 18^th Centuries Have Frequently Been Termed the Age

question 74

Multiple Choice

The 17^th and 18^th centuries have frequently been termed the age of mercantilism because

• A) the merchant class was created during this time.
• B) the Americas were discovered.
• C) business became more important than politics.
• D) national power depended on the sponsorship and control of merchant capital.
• E) free trade replaced trade controlled by national governments.

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Definitions:

Annual Coupon

The yearly interest payment made by a bond to its holder.

Par Value

A legal amount per share established by a company's charter, not necessarily related to market value, often used for accounting purposes.

Zero-Coupon Bond

A debt security that does not pay interest (coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its face value.

Yield to Maturity

The total return anticipated on a bond if held until it matures, considering all payments of interest and principal and the time value of money.