Each General Statement Is Followed by Several Examples

question 12

Multiple Choice

Each general statement is followed by several examples. Select the letter of the example that does not clearly illustrate the generalization. In 1900, about 1.8 million children under the age of 16 were employed full time in the United States.

• A) Girls twelve years old worked on spinning machines in the textile mills of the South.
• B) Small children swept up metal scraps in machine shops.
• C) Boys as young as 8 worked as "breakers" in the coal mines, handpicking slate from coal in filthy, frigid sheds.
• D) Some children and teens in South America belong to unions that support child labor.

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Definitions:

Coupon Bond

A bond that offers interest payments to its holder at regular intervals until the bond's maturity, whereupon the face value is repaid.

Ask Price

The lowest price a seller is willing to accept for an asset on the market.

Accrued Interest

The interest that has accumulated on a bond or loan since the last interest payment was made.

Conversion Premium

The additional amount that an investor pays over the current market price to convert a convertible security into a predetermined number of common shares.