If a New Major Oil Field Is Discovered in Africa,the

question 38

Multiple Choice

If a new major oil field is discovered in Africa,the world __________ curve for oil would shift to the __________.

• A) demand; left
• B) demand; right
• C) supply; left
• D) supply; right

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Definitions:

Bond

A security issued by a borrower that obligates the issuer to make specified payments to the holder over a specific period. A coupon bond obligates the issuer to make interest payments called coupon payments over the life of the bond, then to repay the face value at maturity.

Standard Deviation

A statistical measure of the dispersion or spread of a set of data points or investment returns around their mean.

Expected Return

The predicted amount of profit or loss an investment is expected to generate over a specific time period.

Probability Distribution

A mathematical formulation that presents all potential values and their chances for a random variable within a particular range.