When You Use a City Map to Find Your Way

question 19

Multiple Choice

When you use a city map to find your way to a restaurant,it has some physical characteristics of the actual objects-streets and their locations.Because of this,the map is a(n) ________
Representation.

• A) analogical
• B) symbolic
• C) exemplar
• D) prototype

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Definitions:

Duration Of Assets

The sensitivity of an asset's price to interest rate changes, expressed in years.

Duration Of Liabilities

A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, expressed in years.

Yield To Maturity

The total return expected on a bond if it is held until its maturity date.

Price Decline

Price decline refers to the decrease in the market price of a security or asset over a specific period.