Table 22-12 The Following Table Shows the Number of Voters Preferring Various

question 152

Multiple Choice

Table 22-12
The following table shows the number of voters preferring various amounts of spending on a new school.

-Refer to Table 22-12.What is the preferred spending amount of the median voter?

• A) $0.5
• B) $1.0
• C) $1.5
• D) $2.0

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Definitions:

Maturation

The process of becoming mature, either physically, emotionally, or in the case of products and ideas, reaching a state of full development.

Yield to Maturity

The total return expected on a bond if it is held until its maturity date.

Bonds

Fixed-income investments where an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the money received from the transaction.