Governemnt Objectives Flashcards
1
Q
Direct tax
A
tax payed directly to the government
2
Q
What is a government bond
A
a security which the government will pay the value of on the maturity date to the holder od the bond
3
Q
where are bonds traded
A
sold on the primary financial markets and are then traided on secondary capital markets
4
Q
what are bonds
A
the coupon of a bond is the rate regualr interest payment
