Bonds with a Face Value of $100,000 Were Sold at an Effective

question 48

Multiple Choice

Bonds with a face value of $100,000 were sold at an effective interest rate of 9% to yield cash proceeds in excess of $100,000. It is apparent that the bonds had a:

• A)market rate greater than 9%.
• B)stated rate less than 9%.
• C)stated rate greater than 9%.
• D)market rate less than 9%.

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Definitions:

Schedule

A plan that designates specific times at which certain tasks or events should occur.

Reinforcers

In psychology, stimuli which, when presented after a behavior, increase the likelihood of that behavior being repeated in the future.

Positive Reinforcements

The introduction of rewarding stimuli following a desired behavior to increase the likelihood of it being repeated.

Punishment

A consequence designed to reduce the occurrence of unwanted behavior by either applying a negative stimulus or removing a positive one.