Hamish Is a Native of Scotland Who Is a Student

question 204

Multiple Choice

Hamish is a native of Scotland who is a student at a university in Germany. Hamish strongly identifies with Scottish culture and he identifies very little with German culture. The German culture has had little influence on Hamish's clothing, food, and friend choices. Hamish's lifestyle in Germany is very similar to his lifestyle in Scotland because Hamish interacts little with German people outside of the university. Hamish's acculturation strategy is BEST described as:

• A) separation.
• B) marginalization.
• C) assimilation.
• D) integration.

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Definitions:

Required Rate

The minimum rate of return expected by investors on an investment or project.

Growing Annuity

An annuity that increases at a proportionate rate during the period of the contract, typically to combat inflation.

Annuity Growth Rate

The rate at which the value of an annuity investment increases over time.

Compounded Annually

A method of calculating interest in which the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.