What Do David Souter, Ruth Bader Ginsberg, Clarence Thomas, and Stephen

question 149

Multiple Choice

What do David Souter, Ruth Bader Ginsberg, Clarence Thomas, and Stephen Breyer have in common?

• A) They all joined the Supreme Court during the 1990s.
• B) They all dropped out of the race for the Democratic nomination for president in 1992, clearing the way for Bill Clinton to run.
• C) They all were members of George Bush's cabinet from 1989 to 1992.
• D) They all testified that Bill Clinton had sexually harassed his secretary when he was governor of Arkansas.
• E) They were all prominent Americans who acknowledged during the 1990s that they had AIDS.

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Definitions:

Yield Curve

A graphical representation showing the relationship between interest rates (or yields) and different maturities of debt securities, typically government bonds.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, considering all interest payments and the principal repayment.

Interest Rate Price Risk

The risk of losses in the values of financial instruments due to fluctuations in interest rates.

Original Maturity

This refers to the duration from the issuance of a bond or other fixed-income security until its due date.