6. During _, both the demand for money and the rate of inflation tend to fall, which prompts the Fed to take actions to decrease interest rates. a. expansions b. a fiscal deficit occurrence c. recessions d. economic booms e. a foreign trade deficit occurrence 7. A debt backed by some form of specific property is known as a: a. debenture. b. mortgage bond. c. subordinated debt. d. U.S. government bond. e. general obligation municipal bond. 9. The date on which the principal amount of a debt is due is the: a. maturity date. b. reinvestment date. c. issue date. d. repurchase date. e. priority date. 10. Municipal bonds are issued by: a. financial institutions. b. state and local governments. c. commercial banks. d. the federal government. e. non-governmental organizations. 11. Which of the following ratings by Moody's is given to the bonds of companies that have the best credit risk? a. Caa b. Aaa c. B d. Ba e. A