It Is Estimated That Over _____ Million Americans Are Illiterate,unable

question 40

Multiple Choice

It is estimated that over _____ million Americans are illiterate,unable to functionally read or write.

• A)40
• B)2
• C)20
• D)6
• E)12

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Definitions:

Discount

The reduction in the nominal value of something or the process of determining the present value of future cash flows.

Direct Quote

In foreign exchange, a price quote that specifies the domestic currency price of one unit of foreign currency.

Indirect Quote

A currency quotation in the foreign exchange markets that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, as in currency or interest rate swaps.