According to Your Authors, Which of the Following Is NOT

question 30

Multiple Choice

According to your authors, which of the following is NOT one of the three "P's" of corrections?

• A) parole
• B) prisons
• C) punishment
• D) probation

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Definitions:

EAR

Effective Annual Rate; the actual interest rate an investor or borrower receives or pays after compounding interest is taken into account over a year.

Actual Rate

The interest rate that is actually earned or paid on an investment, loan, or other financial product.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed.

Credit Card

A plastic card issued by a bank allowing the holder to purchase goods or services on credit.