If a Long-Term Debt Instrument Is Perpetual, It Is Called

question 15

Multiple Choice

If a long-term debt instrument is perpetual, it is called a(n) :

• A)secured debt issue.
• B)subordinated debt issue.
• C)consol.
• D)capital debt issue.
• E)indenture.

---

Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified time period.

Price-discriminating Monopolist

A monopolist that charges different prices to different consumers for the same good or service, based on each consumer's willingness or ability to pay.

Market

A place or system in which commercial transactions are conducted, often defined by the exchange of goods and services for money.

Price Elasticity

A measure in economics of how much the quantity demanded of a good responds to a change in the price of that good.