All of the Following Can Be Considered Evidence That Our

question 9

Multiple Choice

All of the following can be considered evidence that our current correctional system has become much harsher than other societies, EXCEPT _______________.

• A) the abolishment of parole in most U.S. states
• B) men in jail being made to wear pink underwear
• C) refusals of college loans because of convictions of drug crimes
• D) chain gangs cleaning roads and wearing black-striped shirts

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Definitions:

Treasury Bill

A short-term government security issued at a discount from the face value and pays no interest before maturing at its face value.

Effective Annual Rate

The interest rate on a loan or investment, adjusted for the effect of compounding over a one-year period.

Par

The face value of a bond or other financial instrument, which is the amount to be paid to the holder at maturity.

HPR

Holding Period Return, a measure of the total return received from holding an asset or portfolio of assets over a specified period of time.