We Have Binaural Hearing, Which Means

question 22

Multiple Choice

We have binaural hearing, which means

• A) we can focus two sounds at a time.
• B) we have two ears.
• C) we can determine the gender of a speaker with reasonable accuracy.
• D) we should listen twice as much as we speak.

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Definitions:

Maturity

The final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.

Annual Coupon

The total interest to be paid on a bond each year, divided between regular payment periods.

Bonds

Bonds are fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, where the borrower agrees to pay back the principal plus interest at a specified date.

Market Interest Rate

The prevailing rate of interest available in the marketplace on comparable instruments, impacting borrowing costs and investment returns.