Static Variables That Are Constants Are Usually Declared to Be

question 15

True/False

static variables that are constants are usually declared to be public because they typically are provided to allow the client to set preferences for the operations of a class. If you define a static variable for your class that is not a constant, it is best to define it as private and provide accessor and mutator methods, as appropriate, for client access to the static variable.

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Definitions:

Financial Instrument

A contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Maturity Value

The amount that will be payable to the holder of a financial instrument at its maturity date, including principal and interest.

Stated Interest Rate

The nominal or advertised interest rate on a loan or bond, not accounting for compounding or fees.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as a financial charge for the privilege of borrowing money.