Just as Technological Change Is Based on Past Achievements, Scientific

question 29

Multiple Choice

Just as technological change is based on past achievements, scientific knowledge builds on previously developed

• A)hypotheses.
• B)ideas.
• C)technology.
• D)theories.
• E)beliefs.

---

Definitions:

Market Rate

The prevailing interest rate available in the marketplace for securities or loans.

Long-term Bonds

Bonds issued with a maturity date typically more than ten years in the future, representing a long-term financial obligation.

Open Market

A marketplace that is accessible to all buyers and sellers where prices are determined by supply and demand.

Stated Rate

The nominal interest rate specified in the contractual terms of a financial instrument such as a bond.