Ordinal Scales Have the Property Of

question 8

Multiple Choice

Ordinal scales have the property of:

• A)absolution
• B)metricity
• C)ranking
• D)variability

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Definitions:

Simple Annual Interest

Interest calculated once per year on the principal amount only, not on previously earned interest.

Investment Earn

The return or profit made on an investment over a certain period, including interest, dividends, and capital gains.

Interest Earning

Refers to the process by which money accrues interest over time in a savings account or investment.

Bank Account

A financial account maintained by a banking institution where a customer can deposit and withdraw money.