John Was a Terrible Dancer

question 1

Multiple Choice

John was a terrible dancer. When he went on a date he was quick to point out this fact, and in so doing he

• A) lost face.
• B) gained the advantage of deciding what they would do on the date.
• C) aimed to avoid the possibility of his (and his date) becoming embarrassed later on.
• D) gained status by agreeing to try to learn to dance.

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Definitions:

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a set price, giving issuers flexibility to refinance if interest rates fall.

Contract Rate

A predefined rate agreed upon in a contract, often used in financial agreements, such as loans or leases, specifying the interest rate.

Installment Note

An installment note is a form of debt that requires the borrower to make scheduled payments (including both principal and interest) over a set period until the debt is paid off.

Bearer Bonds

Bonds not registered to any owner, allowing whoever holds the bond physically to claim the interest payments or the principal.