As a Result of the Launch of Sputnik in 1957

question 24

Multiple Choice

As a result of the launch of Sputnik in 1957,

• A) President Eisenhower resigned his office, and Vice-President Nixon rose to the presidency.
• B) The United States threatened to destroy the satellite with one of its new ICBMs.
• C) The United States accelerated its own missile and space program
• D) Funding for math and science education, which had been central to the American education system, was sharply curtailed.

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Definitions:

Contract Rate

The agreed-upon rate for interest or currency exchange in a financial contract between parties.

Market Rate

The prevailing interest rate available in the marketplace for loans or deposits of a specific maturity.

Contractual Interest Rate

The interest rate specified in a loan agreement or bond indenture.

Issued Discount

A reduction from the nominal or face value of a security at the time it is issued.