A Value

question 23

Multiple Choice

A value:

• A) cannot guide action about what a person should really do.
• B) is at a less abstract level than an attitude.
• C) develops before an attitude.
• D) has characteristics that are opposite to all of the above.

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Definitions:

Inflation

An upward trend in the cost of goods and services, which lowers the effectiveness of buying power.

Coupon Bonds

Debt securities that pay the holder a fixed interest rate (coupon rate) over the life of the bond, culminating in the principal amount at maturity.

Pay Interest

The act of making periodic payments to lenders as compensation for borrowing money.

Coupon Rate

The yearly rate of interest distributed on a bond, represented as a percentage of its principal value, from the moment it is issued until it reaches its maturity date.