Examlex
When the market interest rate is equal to the face interest rate on bonds,the present value of the bonds will be less than the bond's face value at the date of sale of the bonds.
Imperfect Information
A situation in which parties in a transaction have unequal or inadequate information, leading to market inefficiencies.
Total Employment
The total number of people employed in an economy at a given time, including both full-time and part-time workers.
Unemployed People
Individuals who are capable of working and actively seeking employment but are unable to find a job.
Unemployment Insurance
A government program that provides financial assistance to individuals who are unemployed through no fault of their own, offering temporary financial support while they look for new employment.
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