Devices Such as Smart Caps and Sensor-Activated Room Lights Are

question 60

Multiple Choice

Devices such as smart caps and sensor-activated room lights are __________.

• A) too technically complicated to be useful to most older adults
• B) cost-effective and available to most older adults in industrialized countries
• C) not usually covered as essential medical equipment by U.S. medical insurance
• D) considered invasions of privacy by the majority of older people with disabilities

---

Definitions:

Accrued Interest

Interest that has been earned but not yet paid, representing the amount owed to a lender for the use of borrowed funds or owed by a borrower.

Principal

The original sum of money borrowed in a loan, or the initial amount invested, excluding any interest or dividends.

Payment

The act of transferring money, or its equivalent, from a buyer to a seller as compensation for goods or services.

Effective Interest Method

A method of calculating the amortized cost of a bond or loan based on periodic cash flows and interest expense adjustments.