Examlex

Solved

Jeremy Asked Ahmad,an International Student from Saudi Arabia,what It Was

question 120

Multiple Choice

Jeremy asked Ahmad,an international student from Saudi Arabia,what it was like to grow up in a rich country with the largest crude oil reserves in the world.Ahmad explained that his fellow citizens were being impoverished-their per capita income was almost $30,000 in the early 1980s and was currently less than $7,000.Which of the following would explain this phenomenon?


Definitions:

Market Value

The prevailing cost at which an asset or service can be traded or acquired.

Face Value

The nominal or dollar value printed on a financial instrument like a bond or stock certificate.

Premium

An amount paid for an insurance policy or an amount above the nominal value of a security or investment.

Market Rates

The prevailing interest or exchange rates in the financial markets at any given time.

Related Questions