You Cannot Feel the Waistband of Your Underwear, Even Though

question 73

Multiple Choice

You cannot feel the waistband of your underwear, even though you know it is there. This is the result of

• A) sensory adaptation.
• B) difference thresholds.
• C) sensory deprivation.
• D) transduction.

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Definitions:

Modified Duration

A measure of the sensitivity of a bond’s price to changes in interest rates, indicating how much the price will change as interest rates move.

Semiannually

Occurring or payable twice a year.

Steel Pier

A historic oceanfront amusement park located in Atlantic City, New Jersey, known for its entertainment offerings.

Modified Duration

A measure that quantifies the sensitivity of a bond's price to changes in interest rates, adjusted for the bond's yield.