Examlex
Tech A says that vehicles with smaller engines require less gear ratios to operate efficiently. Tech B says that manufacturers have been adding more gear ratios in a quest for better fuel economy. Who is correct?
Per Month
A recurring period or frequency, indicating that an action or event occurs or is calculated on a monthly basis.
Effective Rate
The actual interest rate an investor earns or pays on an investment or loan, taking into account the compounding of interest.
Per Month
A recurring or regular interval of payment or calculation that occurs every month.
Strip Bonds
Bonds that have had their principal and coupon payments separated, or "stripped", creating two distinct types of securities: zero-coupon bonds and interest payment coupons.
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