Demand For Bonds Falls In Philadelphia
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State:
Multi-State
County:
Philadelphia
Control #:
US-00415BG
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A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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Open market purchases raise bond prices, and open market sales lower bond prices. So, open market operations (OMOs) affect bond prices.When the demand for bonds ______ or the supply of bonds ______, interest rates fall. A) increases; increases. Labor market indicators pointed to steady employment levels but a shorter average workweek. Both input and selling price increases picked up. I also hope to show that when it came to money, Philadelphia was an innovator. In the colonial period, it set the standard for quality government paper money. The Philadelphia Gas Works (PGW), founded in 1836, was in 2015 the largest municipal-owned utility in the United States. Her argument is correct since lower interest rates make bonds less attractive to investors, resulting in the demand curve for bonds shifting to the left.
