In an Open-Loop System, There Is No Feedback Provided to the Control

question 3

True/False

In an open-loop system, there is no feedback provided to the control system to monitor the device and to compensate for any error in the system.

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Definitions:

Face Value

The nominal or dollar value printed on a security or currency, indicating its worth as stated by the issuing authority.

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including all payments of interest and principal.

5-Year Bond

A debt security issued by governments or corporations with a fixed interest rate and maturity period of five years.

Forward Rate

The future interest rate agreed upon in a forward contract, relating to loans, bonds, or deposits to be made at a specified future time.