A School of Tuna Swimming in the Ocean Is

question 61

Multiple Choice

A school of tuna swimming in the ocean is

• A) nonexcludable and rival.
• B) excludable and rival.
• C) nonexcludable and nonrival.
• D) excludable and nonrival.

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Definitions:

Rate Of Interest

The percentage of principal charged by the lender for the use of its money.

Equivalent

Equal in value, amount, function, meaning, or the like.

Per Annum

An annual occurrence or rate, indicating something that happens or is calculated over the course of a year.

Variable Rate

An interest rate that can fluctuate over the duration of a loan or savings account, based on the market or an index.