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Q. What do you mean by Bond?
Bond: A financial security that represents promise of its issuer (generally a company or a government) to repay a loan over a specified time period, at a specified rate of interest. Bond can then be bought and sold to other investors, over and over again. When rate of interest falls, bond prices rise (and vice versa) - Because when interest rates are lower, bond's promise to repay interest at specified fixed rate becomes more valuable.
Structure of the IMF: The Central office of the IMF is in Washington DC, USA. It has 184 members. It is affiliated to the UNO. The highest authority of the IMF is the Board of
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