Developed Countries' Average Incomes Rose from About __________ in 1700

question 15

Multiple Choice

Developed countries' average incomes rose from about __________ in 1700 to about __________ today.

• A)$100;$30,000
• B)$2,500;$70,000
• C)$500;$70,000
• D)$500;$30,000
• E)$500;$100,000

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Definitions:

Annual Coupon

The yearly interest payment made to bondholders, generally expressed as a percentage of the bond's face value.

Face Value

The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.

Current Yield

A financial ratio that calculates the annual interest or dividends received from an investment as a percentage of the current market price.

Coupon

The face value percentage that represents the yearly interest payment on a bond.