A Good Typology Will

question 52

Multiple Choice

A good typology will:

• A) minimize differences within each created type and maximize differences between each type.
• B) maximize differences within each created type and minimize differences between each type.
• C) result in abundant overlap between types.
• D) only be replicable by the archaeologist who created it.

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Definitions:

Semi-Annually Compounded

Interest or finance charges are applied to the principal sum twice a year, causing the investment or loan to grow at a faster rate than simple annual compounding.

RSP

Registered Savings Plan, a financial account in Canada designated for holding savings and investment assets, with special tax benefits for retirement savings.

Monthly Compounded

Pertains to interest or any financial metric that is calculated and added to the principal balance every month.

Nominal Rate

The stated interest rate of a bond or loan, not accounting for compounding or inflation effects.