If nominal gdp in 2006 for the united states was $13,377.2 billion and real gdp in 2006 (using 2005 as the base year) was $12,958.5 billion, how much inflation was there between 2005 and 2006?

Answers

Answer 1

$13,377.2 billion ÷ $12,958.5 billion) × 100 = 103.2 the importance of the GDP deflator between 2005 and 2006.

How do you find real GDP from nominal GDP and inflation?

In general, calculating real GDP is accomplished by separating nominal GDP from the GDP deflator (R). For example, if an economy's prices have risen by 1% since the base year, the deflating digit is 1.01. If nominal GDP was $1 million, then actual GDP is estimated as $1,000,000 / 1.01, or $990,099.

Nominal GDP is derived by bearing the current year's quantity output by the current market cost.

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Related Questions

Warranties are commonly kept with ____________ purchase and automobile records in a home file.

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Warranties are commonly kept with  Consumer purchase and automobile records in a home file.

What is Warranties?

A warranty  can be described as the  type of guarantee  which manufacturer  do give the the consumer regarding the condition of its product.

It should be noted that this is the  terms and situations  that the  repairs or exchanges will be made if the product malfunction .

Therefore, Warranties are commonly kept with  Consumer purchase and automobile records in a home file.

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Assigning a high-performing sales associate to work with the company's most important client is an example of ________.

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Assigning a high-performing sales associate to work with the company's most important client is an example of: D. redeployment.

Who is an employee?

An employee can be defined as an individual who is statutorily employed by an employer of labor in a business firm, so as to perform specific tasks, duties or functions on a daily basis for a certain agreed fee (salary), that is usually paid at the end of the month.

What is redeployment?

Redeployment can be defined as a strategic workforce management process which typically involves reassigning job positions, especially by moving an employee from one job, department, or role to another. Also, the reason for redeployment may be due to level of performance, employee absence, shortage of staffs, client status, etc.

In this context, we can reasonably infer and logically deduce that when a high-performing sales associate is assigned to work with the company's most important client, it is an example of redeployment.

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Complete Question:

Assigning a high-performing sales associate to work with the company's most important client is an example of ________.

A. succession planning

B. selection

C. matchmaking

D. redeployment

Distinguish between perfect and imperfect market. explain why the existence of imperfect markets create a need for financial intermediareies?

Answers

In financial matters, explicitly broad harmony hypothesis, a perfect market, otherwise called an atomistic market and An imperfect market alludes to any financial market that doesn't satisfy the thorough guidelines of the speculative perfectly or absolutely cutthroat market.

What is the difference between perfect and imperfect market?

A Perfect market is described by perfect contest, market harmony, and a limitless number of purchasers and dealers.

In an imperfect market, individual purchasers and venders can impact costs and creation, there is no complete story of data about items and costs, and there are high hindrances to passage or exit in the market.

Imperfect markets don't fulfill the thorough guidelines of a speculative perfectly or simply cutthroat market. Imperfect markets are portrayed by having rivalry for market share, high boundaries to section and exit, various items and administrations, and few purchasers and merchants.

Therefore Perfect markets are hypothetical and can't exist in reality; all genuine markets are imperfect markets.

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Assume you own a bond that was issued by a blue-chip company. if the market rate of interest rises, what will happen to the value of your bond?

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If the market rate of interest rises, what will happen to the value of your bond the bond values will decrease.

What is a bond?A bond is a sort of security used in finance under which the issuer owes the holder a debt and is required, depending on the terms, to repay the bond's principal at maturity as well as interest over a certain period of time.Finding a bond's fair market value is known as bond valuation. The present value of the stream of cash flows that a bond is anticipated to provide is its theoretical fair value, just like it is for any other security or capital instrument.An income bond is a bond that just guarantees to pay back the principle; no interest or coupon payments are guaranteed.

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A customer sells 1 abc jan 50 call and sells 1 abc jan 50 put. the customer has created a:_________
a. bull spread
b. short straddle
c. married put
d. short combination

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A customer sells 1 abc jan 50 call and sells 1 abc jan 50 put. the customer has created a short straddle.

One short call and one short put make up a short straddle. The identical underlying stock, strike price, and expiration date apply to both options. If the underlying stock trades inside a constrained range between the break-even points, a short straddle is constructed for a net credit (or net receipt) and profits.

Strangles are profitable as long as the stock trades within the range bounded by the breakeven prices, similar to straddles. If the strike price leaves the breakeven area, it starts to lose money.

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Suppose the equilibrium price of a gallon of milk is​ $4. If the government imposes a price floor of​ $5 per gallon of​ milk, the.

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The quantity supplied of milk exceeds the quantity demanded.

If supply and demand are in balance, the equilibrium price occurs in economics. This indicates that for this cost, the manufacturer can create the same quantity of a good (supply) that consumers may purchase (demand). Supply and demand converge as a result. Furthermore, both buyers and sellers gain at this point. In addition, the concept of the equilibrium price is the reverse of that of disequilibrium, where supply and demand are not equal. A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or vendor is free to transfer as many units as they like, and the consumer is free to access as many units as they like.

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a broker acts as an agent in all of the following functions except: select one: a. leasing property b. selling property c. appraising property d. exchanging property

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A broker acts as an agent in all of the following functions except: exchanging property.

Broker is a term which is used for an individual who charges a commission for executing buy and sell orders. They play an important role for guiding the buyer through all the related paperwork.

The one of the most important function of a broker is only to solve a client's problem for some fee. Secondary functions are such as  lending to clients for margin transactions, and it also involves providing information support regarding the situation on trading platforms.

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An organization that writes liability insurance to cover the liability exposure for the mining engineers that belong to its associations is:_______

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Risk Retention Group is an organization that issues liability insurance to cover the liability exposure for the mining engineers who are members of its associations.

Liability insurance is a type of insurance that shields an insured party against lawsuits brought about by injury to third parties and property damage. Any legal fees and payouts that an insured party is accountable for in the event that they are held legally liable are covered by liability insurance policies. Liability insurance coverage typically do not cover intentional harm or contractual obligations. Liability insurance policies compensate third parties, not policyholders, unlike other forms of insurance.

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Which aspect of the marketing mix is concerned with how much a customer is willing to pay for a product? place place price price promotion promotion product

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 Price is the amount of money buyers are willing to part with for a product. Marketers must consider seasonal discounts, competitor prices, supply costs, and retail markup in addition to tying the price to the product's actual and perceived value.

The Four Ps of Marketing: How Are They Used?

The 4Ps technique can be used while getting ready to launch a new product, evaluating an existing product, or trying to boost sales of an existing product.

By carefully examining these four factors—product, pricing, place, and promotion—a marketing professional may create a strategy that successfully launches or relaunches a product.

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Because many countries are investing in countries other than their own, each country is becoming more autonomous and independent. true false

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That claim is false. Each country is NOT becoming more autonomous and independent if it is investing in other countries than their own. That should go without saying, I believe.

It should be fairly self-explanatory and obvious that a nation that refuses to invest on its own country is not autonomous or independent. 

How can you be self-reliant and self-sufficient in the face of your own sovereign if you don't believe in your own resources and potential?

It is good to have domestic consumers who demand more from businesses and often push those national industries ahead of those in other nations where consumers are less demanding and lack interest.

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What are the effects on the accounting equation when dividends are declared and paid?

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Since a stock dividend does not result in the creation of a liability, the accounting equation is unaffected by its declaration. However, the composition of stockholders' equity does vary. The stockholders' equity will only be rearranged when the dividend is paid out, but the accounting equation will remain the same.

Retained earnings fall for a tiny stock dividend while common stock and paid-in capital in excess of par rise. Common stock rises and retained earnings fall for a sizable stock dividend. A stock dividend is a dividend payment that is delivered to shareholders in shares as opposed to cash. The benefit of the stock dividend is that it rewards shareholders without dipping into the company's cash reserves. The majority of these stock distributions are made as fractions paid per outstanding share.

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The price of computers has fallen each year for the last 30 years. this is probably an example of the working of:________

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Over the last 30 years, the cost of computers has decreased annually. This is possibly an illustration of how the economic force operates.

How does the economic force work?

Economic conditions and commercial markets don't exist in a vacuum. Other factors have a direct impact on local and global economic conditions. Economic forces include elements like monetary and fiscal policies, interest rates, employment rates, inflation rates, demographic shifts, political shifts, energy, security, and natural disasters.

Each of these has an immediate impact on the manufacturing and distribution processes used by firms. The economy reflects how these business-related economic forces are playing out.

The following four major economic trends or forces have an impact on contemporary business markets:

Government involvementWorldwide business transactionsPossibilities and anticipationProduct supply and demand.

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Generally, all stakeholders agree that there is a problem and on what the problem is before beginning the dmaic process. True or false?.

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Before starting the DMAIC process, most stakeholders are in agreement that there is a problem and what the problem is.

The given statement is false:

The DMAIC method · outline the hassle, improvement interest, opportunity for development, the mission desires, and consumer (internal and external) requirements.decide the vital elements in your commercial enterprise process's success. To gauge the effectiveness of the system, define process metrics. you can enhance this system' performance the use of the six sigma technique. A rational, organized approach to improving company operations is six sigma.The Greek letter "Sigma," used in facts, expresses how a ways a procedure deviates from ideal behavior. Sigma is any other name for the procedure's preferred deviation from the imply. An business enterprise can use the Six Sigma manner to rely the "defects" in a procedure, locate methods to get rid of them, and as closely as feasible to "zero defects"increasing the effectiveness and high-quality of the agency presents demanding situations for managers. with a view to prevail, they ought to positioned the pleasant technique and gear for procedure evaluation and manipulate into use. The pinnacle The system ought to be improved so one can enhance the final results.

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What are the effects on the accounting equation from the adjusting entry for interest expense accrued, but not paid, at the end of the accounting period?

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The adjusting entry for interest expense accrued but unpaid at the end of the accounting period will have the following impact on the accounting equation: Both total liabilities and total shareholder equity will decrease.

The amount that a company's owners have put into their enterprise is known as shareholders' equity. This covers the funds they have personally invested as well as the total amount of earnings that have been reinvested by the business since its beginning.

What is a good illustration of shareholder equity?

The difference between the entire assets and the total liabilities, as calculated by this method, is the shareholders' equity. For instance, the shareholders' equity of a corporation is $40,000 if its total assets are $80,000 and its total liabilities are $40,000.

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Which kind of data warehouse is created separately from the enterprise data warehouse by a department and not reliant on it for updates?

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Independent Data Mart is created separately from the enterprise data warehouse by a department and not reliant on it for updates

What is an independent data mart?

Data marts are one of the keys to effectively converting information into insights in a market dominated by big data and analytics. Large data sets are normally dealt with by data warehouses, yet easy-to-find and immediately available data are needed for data analysis. Should a business person have to run difficult queries in order to acquire the data they require for their reports? No, which is why savvy businesses employ data marts.

Often a partitioned section of an enterprise data warehouse, a data mart is a subject-oriented database. Typically, a data mart's subset of data corresponds to one particular business unit, such as sales, finance, or marketing.

Data marts speed up business processes by enabling quick access to pertinent data in a data warehouse or operational data store, rather than having to wait months or more. A data mart is an economical way to quickly obtain useful insights because it only includes the data relevant to a certain business area.

Thus, it is a data mart where the data warehouse is created separately from the enterprise data warehouse by a department and is not reliant on it for updates.

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Identify the professional certifications offered in accounting and the organizations that offer them.

Answers

CMA, CPA, CIA are the professional certifications offered in accounting

What is accounting?

The process of recording a business's financial transactions is termed as accounting. To record these transactions to oversight organizations, regulators, and tax collection organizations is a step in the accounting process.

The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place within a certain accounting period. They also summarize the operations, financial status, and cash flows of an organization.

One of the most important tasks in virtually every organization is accounting. In small businesses, it may be handled by a bookkeeper or accountant; in larger organizations,

it could be the responsibility of substantial financial departments with many staff members. Managerial decision-making is greatly aided by the reports produced by several streams of accounting, such as cost accounting and managerial accounting.

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A long-term note is valued at its:____.
a. present value.
b. market value.
c. maturity value.
d. face value.

Answers

Option [D] is the correct option.

A long-term note is valued at its face value.

What Is Face Value?

When a corporation places stock or a bond on the market, par value, also known as face value, is a "static value" that is allocated. Par or face value, on the other hand, is constant. The stock or bond certificate will have the par value printed on it.

The dividend is calculated based on the par value of the preferred stock. However, since investors cannot purchase or sell shares at the par value, it is not especially important to them. Rather, common stock investors pay market value, which is established by supply and demand.

The par value of the majority of bonds is $100 or $1,000. Bond market value, which may be more or less than par value, is determined by interest rates and credit ratings.

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Name two expectations customers have that are part of the customer buying criteria.
a. price and customer
b. awareness positioning and price
c. age and customer accessibility
d. reliability and quality

Answers

Price and awareness positioning are the right response.

BUYING CRITERIA AND IMPORTANCE ARE NOT THE SAME.

Most individuals will respond "safety" when asked what factor they consider most important when picking an airline. The same person won't say "safety" when you ask what factors they consider when buying a ticket because safety is taken for granted. Security is a given. A buyer's criterion could include a wide range of factors, including cost, delivery time, service accessibility, place of manufacture, etc. Additionally, you need to comprehend the relative importance that each criterion has in the industry. Although the quickness of delivery is given more importance than the low price, it may still be a factor.

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Which bones permit the attachment of muscles that assist in arm movement and serve as a place for the attachment of the arms?

Answers

Scapulae permits the attachment of muscles that assist in arm movement and serve as a place for the attachment of the arms

Scapulae

The bone that joins the humerus (upper arm bone) with the clavicle is called the scapula, often known as the shoulder blade (collar bone). The scapulae are paired, with each one on each side of the body being approximately a mirror image of the other. This is similar to how their linked bones are paired.Our scapula is located where in our body?The huge triangular-shaped bone known as the scapula, or shoulder blade, is located in the upper back. An intricate network of muscles surrounds and supports the bone, which helps you move your arm.

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The organization of data within folders in a manual file system is determined by?

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The organization of data within folders in a manual file system is determined by its expected use.

What is data?

Data are information that are store on a computer which are relevant for decision making process.

Data that are store within folders when making use of manual filling system instead of computerize system can tend to be determine by their expected usage. The organized data can manually be  access during decision making process.

Therefore The organization of data within folders in a manual file system is determined by its expected use.

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When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing. multiple choice

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When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in B2B marketing.

What is B2B marketing?

Business marketing is a form of marketing used by people or organisations. It enables users to sell goods or services to businesses or nonprofits that then resell them, incorporate them into their own goods or services, or use them to fund their endeavours. It is a means of advancing commerce and raising earnings as well. We've divided the many business customers in B2B marketplaces into four fundamental groups in order to provide you a better understanding of them: producers, resellers, governments, and institutions. It refers to any marketing tactic or piece of material used by one company to promote to and sell to another company. For instance, B2B marketing is frequently used by businesses that sell goods, services, or SaaS to other businesses or organisations.

Therefore,

When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in B2B marketing.

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If the assets of a business increased $101,000 during a period of time and its liabilities increased $73,000 during the same period, equity in the business must have:________

Answers

The equity in the business must have decreased amount I. e. Decreased by $28000 .

Given here, the asset are increased by $101000 and liabilities are $73,000.

So, the total equity present now is given by,

Total asset – Total liabilities.

=28, 000$

So, the total asset are now decreased by 28000$.

A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company’s value.

Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Current liabilities are a business’s short-term debts that are due in a year or during a typical operating cycle.

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Critical time is the amount of time that the task could be late without pushing back the completion date of the entire project. True or false?.

Answers

False (Slack time is the amount of time that a job might be delayed without postponing the project's overall completion deadline.)

What is slack time?

The duration of a job that can be postponed without affecting other tasks or the project's completion deadline is known as slack time. Every time the flow is out of equilibrium, it occurs. A team is said to be in balance when everyone on the team finishes their work for the Sprint before someone else. Less commonly, a team member won't have enough work to keep them busy. A key team member being sick, an unexpected client request taking some team members away, a non-standard feature requiring longer research or testing than anticipated, or duties finishing sooner than anticipated (a fantastic problem to have!) are a few of the contributing causes.

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A declaration or public statement of professional standards of right and wrong conduct- subscribed to by the members of an association-defines a(n)?

Answers

A declaration or public statement of professional standards of right and wrong conduct- subscribed to by the members of an association-defines Code of Ethics.

What is Code of Ethics?

A code of ethics is a set of rules intended to help professionals conduct themselves in an honest and morally upright manner. A code of ethics document may describe the goals and objectives of the corporate or organization, the methods that experts should use to unravel challenges, the moral standards that the company or organization upholds, and other information.

An "ethical code," often referred to as a code of ethics, may cover topics including corporate ethics, a code of professional practice, and an employee code of behavior.An organization's ethical standards and best practices for honesty, integrity, and professionalism are outlined during a code of ethics.The consequences of breaking the organization's code of ethics for members might include termination.

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Even though the garden of eden was a system for the production and distribution of goods and services, why was it not an economy?

Answers

Even though the garden of Eden was a system for the production and distribution of goods and services because everything was available in unlimited abundance.

Why is the economy important?

Economic issues promotes  our daily lives. This includes issues like tax and inflation, interest rates and wealth, inequality and emerging markets, and energy and the environment.

How can we improve the economy?

Having more cash means companies have the resources to procure capital, developed  technology, grow, and expand. All of these actions improve  productivity, which increases the economy. Tax cuts and rebates, , allow consumers to stable  the economy themselves by imbuing it with more money.

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jill is selling her property and hired david as her agent. david brings another client, kirk, to see the property, which kirk is interested in purchasing. what kind of agent is david acting as in this scenario?

Answers

David is acting as a dual agent here.

A dual agent is a person who represents the both  buyer as well as the seller in any transaction. Dual agents and designated agents are generally confused. However unlike a dual agent  assigned agents are those two individuals who represent the buyer and the  seller separately.

The assigned agents may also work for the same brokerage firm.

With the  assigned agents one can also rest assured that someone is looking out for the best interests. As a result of this  many buyers and sellers choose to work with a specific agent in order to ensure that their realtor is  an actively looking  person for their best interests.

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When a manager answers a subordinate's question regarding the process of creating a report from raw data, they are relying on their _____ skills.

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A manager is using their Technical skills when they respond to a subordinate's query about the steps involved in building a report from scratch.

Technical skills are the knowledge and aptitude required to carry out particular activities. They are useful and frequently pertain to activities in the mechanical, information technology, mathematics, or scientific fields. Knowledge of programming languages, design software, mechanical devices, or tools are a few examples.

Your command of job-specific abilities, in addition to the technical skills required in the workplace, can help ensure you are recruited or promoted. Technical, hard, and job-specific abilities are frequently interchangeable but not always of Technical skills.

Naturally, the abilities needed may differ depending on the position for Technical skills which you are applying, so be particular when identifying any hardware, software, programs, applications, etc.

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Three virtues of the market system include _________________, __________________, and ________________.

Answers

The three virtues of the market system include efficiency, freedom & incentives.

What is a market system?

This refers to the network of buyers, sellers and other actors that come together to trade in a given product or service. The participators in the market system include the direct market players such as producers, buyers, and consumers who drive economic activity in the market.

The type of market system includes Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Monopsony. However, the 3 virtues of the market system include  an efficiency, freedom, incentives.

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The concept of restrictive practices in the u.s. market economy is ____________________.

Answers

The idea of restrictive practices is constantly changing in the American market economy.

What exactly is a restrictive practice?

A restrictive practice is when someone is forced to do something against their will or is prevented from fulfilling a desire.

What harm might restrictive practices bring about?

Additionally, restraint may be utilized by law enforcement, emergency transport services, remand facilities, and prisons. Restrictive practices can have a negative impact on one's mental and physical health, harm the therapeutic alliance, and violate one's human rights.

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A treasury security in which periodic coupon interest payments can be separated from each other and from the principal payment is called a:________

Answers

A STRIP is a Treasury securities that allows periodic coupon interest payments to be decoupled from one another and from principal payments.

Nothing communicates the safety of primary more effectively than Treasury securities when it comes to conservative investments. These products have served as the last line of defense against any potential principal loss for decades, serving as a stronghold of safety in the turmoil of the investing markets. These assets' guarantees are in fact considered as one of the major pillars of both the local and global economies, and they are appealing to both individual and institutional investors for a variety of reasons.

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Other Questions
Exercise 2 Complete each sentence by choosing an interjection from the list above._______________! We won! A significant disturbance in the homeostasis of the body leads to disease.true/false A patient comes to the clinic and informs the nurse of numbness, tingling, and a burning sensation in the arm from the elbow down to the fingers. what type of symptom would this be documented as? All cookies are made with sugar Oreos are a cookie so Rosa knows Oreos are made with sugar Is it Inductive or deductive A client is prescribed tetracycline to treat peptic ulcer disease. which instruction would the nurse give the client? What kind of economic system has the same wages for workers regardless of individual productivity? The person who at one point in time had a dominant role in the mediation of our relationship to death was the::_________ What is the first stage of the writing process? A. revising B. editing C. exploring D. developing Submit Which of the following powers is not given to the federal government by the Constitution, nor reserved to the states?Group of answer choicesConcurrent powersReserved powersImplied powersEnumerated powersInherent powers The recent increase in consumption of ______ in the diets of american adolescents is of special concern. find the cumulative frequency Valley markets has an inventory turnover of 3.2 and a capital intensity ratio of 1.9. what are the days in inventory for valley markets? Calculate the mass of wood that has the same energy as 1 g of oil In order for an organization to be prepared to change its mission, what does it need to do? check all that apply. 8th grade MathematicsA line has a slope of -3 and a y-intercept of 3.What is the slope of the line?O. -9O. -1O. 1 O. 9I appreciate all of your answers even if they are wrong, thanks!! :) A small town has two local high schools. High School A currently has 850 students and is projected to grow by 75 students each year. High School B currently has 1000 students and is projected to grow by 65 students each year. Let AA represent the number of students in High School A in tt years, and let BB represent the number of students in High School B after tt years. Write an equation for each situation, in terms of t,t, and determine which high school is projected to have more students in 11 years. Dr. gonzalez is collecting a detailed account of one of his clients. which research method is dr. gonzalez using? Costs of assets acquired in one period that will be recorded as expense in a future period are referred to as ______ and are initially recorded as _____. multiple choice question. Why does Crooks ask Lennie to suppose a situation in which George does not return and Lennie is left alone? Why does he abruptly withdraw the suggestion? The kilowatt -hour (kWh) is a much larger unit of energy than the joule. There are 3.610^6J in a kWh. The kWh is convenient for electrical appliances. a) What is the energy used in operating a 1200W heater for 20 minutes?