Alice Scored in the 45th Percentile Rank on an Exam

question 171

Multiple Choice

Alice scored in the 45th percentile rank on an exam. If 400 students took the exam, how many
Students scored lower than Alice?

• A)179
• B)181
• C)178
• D)180

---

Definitions:

Initial Maturities

The onset period before a bond, note, or other financial instrument reaches its due date for payment.

T-Bills

Treasury Bills are short-term U.S. government debt obligations backed by the Treasury Department with a maturity of one year or less.

Marketable Money

Money or financial instruments that can be easily converted to cash without significant loss in value.

Market Security

A financial instrument such as stocks, bonds, or any tradable financial asset that is bought and sold in a financial market.