Thinking about a bond, an economist would argue that it really is ... Group of answer choices 1. A financial instrument that is illegal in the United States 2. A way for companies or governments to borrow money 3. A way for citizens to borrow money from companies 4. A financial instrument issued by private citizens

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section12.4: The Financial System
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Thinking about a bond, an economist would argue that it really is ...
Group of answer choices
1. A financial instrument that is illegal in the United States
2. A way for companies or governments to borrow money
3. A way for citizens to borrow money from companies
4. A financial instrument issued by private citizens
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