Chan Le Is a Probation Officer Who Is Employed by the State

question 109

Multiple Choice

Chan Le is a probation officer who is employed by the state.  Chan Le has an extremely large caseload and often gets overwhelmed by the requirements of his job.  In the middle of the night, Chan Le is called to respond to one of his new clients who has been caught shoplifting a small amount of merchandise from a local department store.  Two days prior, this client failed a drug test.
Chan Le's client most likely has a(n) ________ rate of recidivism on probation as compared to if he had been incarcerated.

• A)increased
• B)decreased
• C)equal
• D)slightly increased

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Definitions:

Annual Coupon Bond

A bond that pays interest to the holder on an annual basis, typically as a fixed percentage of its face value.

Face Value

The original cost of a financial instrument as stated on the certificate or document, not influenced by the market price.

Maturity

The date on which a financial instrument, such as a bond or loan, reaches its due date and the principal amount must be repaid.

Zero-Coupon Bonds

Debt securities that don't pay periodic interest but are issued at a significant discount to par value, providing profit at maturity when they reach their face value.