Unlike Automatic Variables That Can Be Initialized by Either Constants

question 17

True/False

Unlike automatic variables that can be initialized by either constants or expressions using both constants and previously initialized variables, static variables can only be initialized using constants or constant expressions.

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Definitions:

Par

Par value, often referred to simply as "par," is the face value of a bond or the stock value stated in the corporate charter, not necessarily its market value.

Bond Prices

The amount of money for which bonds are bought and sold in the market, influenced by factors such as interest rates, supply, and demand.

Interest Rates

The expense incurred by a borrower, quantified as a percentage of the principal, for accessing a lender's assets.

Yield

The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.