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-Refer to Exhibit 15-4

Question 40

Multiple Choice

  -Refer to Exhibit 15-4.Identify the appropriate state of the bond market that would fill in blanks (A) ,(B) ,and (C) ,respectively. A)  surplus; shortage; equilibrium B)  shortage; surplus; equilibrium C)  surplus; surplus; equilibrium D)  shortage; shortage; equilibrium
-Refer to Exhibit 15-4.Identify the appropriate state of the bond market that would fill in blanks (A) ,(B) ,and (C) ,respectively.


A) surplus; shortage; equilibrium
B) shortage; surplus; equilibrium
C) surplus; surplus; equilibrium
D) shortage; shortage; equilibrium

Correct Answer:

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