Why Do Some of the Poorest Regions of India Have

question 80

Multiple Choice

Why do some of the poorest regions of India have relatively high literacy rates despite their poverty?

• A) because of the educational efforts of Christian missionaries
• B) because of investment in education by the provincial government
• C) because of foreign direct investment in schools in these areas
• D) because of Peace Corps efforts of the United States
• E) All of the choices are correct.

Understand the concept and importance of immunization in bond portfolio management.

Identify the effects of interest rate changes on bonds' price volatility and return.

Explain the principles and advantages of cash flow matching and dedicated strategies in bond portfolio management.

Calculate the impact of yield to maturity changes on bond prices using modified duration.

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Definitions:

Effective Rate

The interest rate on a loan or investment, adjusted for the effect of compounding over a given period.

Compounded Quarterly

Generating interest on both the initial principal and previously earned interest every three months.

Annual Inflation Rate

The percentage increase in the price of goods and services over a one-year period, reflecting the decreasing purchasing power of a currency.

Purchasing Power

The measure of what one unit of currency can buy in terms of goods or services.