Which of the following indicates the amount of debt a city takes on by

QUESTION

Which of the following indicates the amount of debt a city takes on by issuing a particular bond?

A) interest rate
B) dividend
C) yield
D) denomination
E) rating

ANSWER

Answer: D
Explanation: D) Bonds are issued in denominations, in multiples of $1,000. A city that issues one $10,000 bond has taken on $10,000 of debt. Governments and corporations issue multiple bonds at a specific denomination.