When interest rates in the economy fall, the prices of previously issued bonds

Name: When interest rates in the economy fall, the prices of previously issued bonds
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Question

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When interest rates in the economy fall, the prices of previously issued bonds must rise. This is because the fixed interest payments of existing bonds become more attractive compared to the new bonds issued at the lower current interest rates, increasing the demand and price of the existing bonds.

When Interest Rates in the Economy Fall, the Prices of Previously