All Materials Fall into One of Three Magnetic Categories

question 25

Multiple Choice

All materials fall into one of three magnetic categories. Select the category that is invalid.

• A) ferromagnetic
• B) nonmagnetic
• C) diamagnetic
• D) paramagnetic

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Definitions:

Daily Interest Rate

The interest rate expressed as a daily percentage, indicating the amount of interest charged or earned each day.

Collection Float

The time delay between when a check is deposited and when the funds become available in the account.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or the person named on it.

Lockbox System

A lockbox system is a service offered by banks to companies for the receipt of payment from customers, under which the payments are directed to a special post office box rather than to the company.