All of the Following Are Correct About Iraq Except

question 47

Multiple Choice

All of the following are correct about Iraq except

• A)the region had been under Ottoman rule since the seventeenth century.
• B)after World War I, the British governed Iraq under a League of Nations "mandate."
• C)the British ruled through the minority urban Shi-ite population.
• D)a descendant of the Prophet Muhammad became king in 1921.
• E)oil was discovered near Kirkuk in 1927.

---

Definitions:

Bond Rating

A measure of the likelihood of default on payment of interest or principal. Ratings are prepared by rating agencies. The best known agencies are Moody’s and Standard and Poor’s.

Restrictive Covenants

Provisions in a contract or loan agreement that limit the borrower's actions, intended to protect the lender by maintaining the borrower's creditworthiness.

Call Provision

A clause in a bond contract that allows the issuer the right to redeem the bond before its maturity date under specific conditions.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, often used in the calculation of interest payments and dividends.