Studies of the ________ Characteristics of the U

question 9

Multiple Choice

Studies of the ________ characteristics of the U.S. population suggest that it is becoming larger, older, and more diverse.

• A) cultural
• B) psychographic
• C) geographic
• D) demographic
• E) economic

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Definitions:

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal sum twice a year, resulting in interest on interest.

Semi-annual Payments

Payments that are made twice a year as a means to fulfill a financial obligation.

Loan

A borrowed amount of money that should be returned along with an additional interest payment.

Nominal Interest Rate

The stated annual interest rate on which the compound-interest calculation is based.