Bonds of a Single Issue That Mature on Different Dates

question 6

Multiple Choice

Bonds of a single issue that mature on different dates are called ____________ bonds.

• A) debenture
• B) mortgage
• C) sinking fund
• D) subordinate
• E) serial

---

Definitions:

Recessionary Gaps

A situation in macroeconomics where the real GDP is lower than the potential GDP, indicating underutilized resources and less-than-full employment in the economy.

Inflationary Gaps

Situations where the demand for goods and services exceeds the production capacity of the economy, leading to an upsurge in price levels.

Classical Economists

A group of economists in the 18th and 19th centuries who believed in free markets, the self-regulating nature of economies, and the importance of competition.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.