In University and Community College System of Nevada V

question 21

Multiple Choice

In University and Community College System of Nevada v.Farmer, in order to remedy the racial imbalance, the University of Nevada instituted the:

• A) ​minority bonus policy.
• B) ​Wonderlic Personnel Test.
• C) ​Bennett Comprehension Test.
• D) ​Negative Role Model policy.

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Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling, usually measured over a year.

Spot Rate

The current market price used for immediate delivery of a financial instrument or commodity.

Interest Rate

This is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Forward Rate Market

Refers to a financial market that deals with contracts specifying the rate at which currencies, securities, or commodities will be exchanged at a future date.