All of the Following Are True of Global Warming except

question 51

Multiple Choice

All of the following are true of global warming except

• A) in the 1990s, scientists working on climate change began to conclude that the average world temperatures would rise significantly in the twenty-first century.
• B) in an effort to stop global warming, the government allowed filling or dredging of wetlands without a permit.
• C) global warming has become a major political issue between conservatives and liberals.
• D) former Vice President Al Gore won a Nobel Peace Prize for his work on environmental issues.
• E) a major share of the American electorate does not believe that global warming is happening, or if it is happening, that it is caused by human activities.

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Definitions:

Coupon Bond

A debt security that pays the holder a fixed interest rate (coupon) periodically until the maturity date, at which time the principal is repaid.

Yield to Maturity

The total return anticipated on a bond if it is held until the date it matures, calculated by considering all future coupon payments and the principal repayment.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often described as the weighted average time until all cash flows are paid.

Basis Points

A unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, equal to 1/100th of 1%.