The Index Number,expressed in Points,measures

question 41

Multiple Choice

The index number,expressed in points,measures:

• A)The value,in millions of dollars,of the market capitalisation of the securities in the index
• B)The aggregate number of securities in the index
• C)The aggregate market capitalisation of the securities in the index
• D)The index does not directly measure any physical quantity.

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Definitions:

Amortized

The process of gradually reducing a debt through periodic payments of both principal and interest over a set period of time.

Compounded Semi-annually

Interest calculated twice a year on the initial principal and accumulated interest from previous periods.

Amortized

Gradually reducing a debt through regular payments of both principal and interest.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.