What Is the Difference Between Fads and Fashions

question 66

Multiple Choice

What is the difference between fads and fashions?

• A) Fads are more short-lived than fashions.
• B) Fads are more closely related to identity than fashions.
• C) Fashion is always about clothing and fads never are.
• D) Fashion pertains to products and fads pertain to activities.

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Definitions:

Semiannual Interest

Interest that is computed and disbursed semi-annually.

Long-term Investment

Assets intended to be held for more than one year for capital growth, income generation, or other strategic purposes.

Bonds Purchased

This refers to the buying of debt securities issued by corporations or governments as a means of investment.

Accrued Interest

Interest that has been incurred but not yet paid or received, often associated with bonds and loans.