Which of the Following Individuals Is Most Likely to Be

question 25

Multiple Choice

Which of the following individuals is most likely to be on a fixed interval schedule of reinforcement?

• A)a clerk at a fast food restaurant
• B)a gambler
• C)a mail delivery person
• D)a student waiting for her grades to come in the mail

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Definitions:

Market Interest Rates

The prevailing rate at which borrowers are willing to borrow and lenders are willing to lend in the financial market.

Annual Coupon

The annual interest payment made by a bond issuer to the bondholders, usually fixed at issuance.

Holding-Period Return

The total return received from holding an asset or portfolio of assets over a period of time, usually expressed as a percentage.

Annual Coupon Rate

An alternative term for Coupon Rate, representing the yearly interest payment made by bonds relative to their face value.