A $500,000 bond issue sold at 98. Therefore, the bonds: Multiple Choice Sold at a premium because the stated rate of interest was higher than the yield rate. Sold at a discount because the stated rate of interest was lower than the effective rate. Sold at a discount because the effective interest rate was lower than the face rate. Sold for the $500,000 face amount less $10,000 of accrued interest.

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u. s. banks that cannot borrow elsewhere governments in developing countries during currency crises u. s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u. s. economy (the money supply), the federal reserve will government bonds.

An essential element of being receptive to messages is to have an open mind true or false

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right