The entity that pledges to make the interest and maturity payment for bond issues is called the <u>issuer.</u>
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<h3>Who is a Bond issuer?</h3>
A bond is a completely fixed instrument that reflects an investor's debt to a borrower.
Bonds terms and conditions include the end date when the capital of the loan is scheduled to be paid to the bond owner with a fixed or variable interest payment.
Bond Issuers are businesses or entities that generate and take loans from people who buy bonds in exchange for periodic interest and repayment of the principal amount when the bonds mature.
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Answer: Negligence of duties
Explanation:
As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.
Answer:
B. households want to lend more, so the interest rate falls, making the quantity of goods and services demanded rise.
Explanation:
Money is demanded for 3 purposes : Transaction demand (for buying selling), precaution demand ( for contingencies), speculative demand (for investment gains)
- As prices fall & things get cheaper, money demanded for transaction purposes fall. It leads to money being demanded more for precautionary & speculative purpose.
- This implies that households would lend money more, to earn more in form of interests. However, this increase in money funds supply will reduce their price i.e their interest.
- Interest rate is the opportunity cost sacrifised for money consumed. Low interest rate means low opportunity cost of money consumption. So, it will be demanded more for spending on goods & services, goods & services demand will rise.
The two major characteristics that are useful in predicting the likelihood of fraudulent financial reporting in an audit are weak internal controls and industry conditions.
For both of these, more audit work and larger samples are ways to mitigate this risk.
