Examlex

Solved

Consider the Following Class Declaration

question 51

Multiple Choice

Consider the following class declaration:
public class SavingsAccount extends BankAccount
{ ...}
Which of the following statements about these classes is correct?


Definitions:

Economic Values

The worth of goods or services as determined by the market or the intrinsic importance or utility they offer to individuals.

Compounded Monthly

Interest on a loan or investment calculated monthly and added to the principal sum for the calculation of subsequent interest.

Compounded Annually

Interest calculation and accumulation once per year on the principal amount of an investment or loan.

Compounded Quarterly

Interest calculated four times a year, applying on the original principal and including interest accumulated in previous periods.

Related Questions