The Level of Service Exports Worldwide Increased More Than _______

question 18

Multiple Choice

The level of service exports worldwide increased more than _______ between 1980 and 2008.

• A)Fourfold
• B)Sixfold
• C)Tenfold
• D)Twelvefold
• E)Seventeenfold

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Definitions:

Coupon Bond

A type of bond that provides periodic interest payments to its holder, based on a fixed interest rate (coupon rate) until its maturity, at which point the principal amount is repaid.

Accrued Interest

The interest that has accumulated on a bond since the last interest payment was made, which the buyer of the bond must pay to the seller if the bond is bought between interest payment dates.

Zero-Coupon Bond

A zero-coupon bond is a debt security that doesn't pay periodic interest but is sold at a deep discount, providing profit at maturity when the bond is redeemed for its full face value.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, including all interest payments and capital gains or losses.