Luis Gets Paid Every 2 Weeks

question 474

Multiple Choice

Luis gets paid every 2 weeks. In one 2-week period, he works a total of 20 hours. During another 2-week period, he works a total of 50 hours. Regardless of the total number of hours he works each week, he is paid every 2 weeks. What schedule of reinforcement is being used?

• A) fixed interval
• B) fixed ratio
• C) variable ratio
• D) variable interval

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Definitions:

Bond Swap

A strategy that involves selling one bond and using the proceeds to purchase another bond, typically to improve yield or extend maturity.

Yield To Maturity

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

Bond's Value

The present worth of a bond's future interest payments and its repayment of principal at maturity, adjusted for current market interest rates.

9-Year Duration

A metric indicating the sensitivity of a bond's price to changes in interest rates, represented here as the bond having an average response over a nine-year period.