What Are Consumer Products Usually Classified As

question 54

Multiple Choice

What are consumer products usually classified as?

• A)Capital items,convenience items,and specialty products
• B)Convenience products,shopping products,and specialty products
• C)Convenience products and expense items
• D)Expense items and capital items

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Definitions:

Modified Duration

A measure that estimates the price sensitivity of a bond to a one percent change in interest rates, adjusting for the changing yield to maturity.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures.

Duration

A measure of the sensitivity of the price of a bond or other fixed-income investment to changes in interest rates, typically expressed in years.

Basis Points

Basis Points are a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, with one basis point being 1/100th of 1%.