How Has the Median Age of First Marriage in the United

question 24

Multiple Choice

How has the median age of first marriage in the United States changed from 1970 to 2009?

• A)It has dropped by about four years.
• B)It has remained constant.
• C)It has risen by about four years.
• D)It has risen by about eight years.

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Definitions:

Underlying Asset

The underlying security that determines the value of a derivative, including equities, fixed income, raw materials, or foreign exchange.

Payoff

The return or outcome received from an investment or action.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuing company's shares at certain times during its life, usually at the discretion of the bondholder.

Conversion Value

The value of a convertible security if it is converted into the underlying stock.