One of the Most Common Methods of Assessing Opinions and Attitudes

question 43

Multiple Choice

One of the most common methods of assessing opinions and attitudes involves an "agree-disagree" scale,with 5 to 7 points,to statements such as "This appliance would make an attractive addition my kitchen." This method of assessing a person's opinion results in a(n) _______________ variable.

• A) nominally scaled
• B) ordinally scaled
• C) interval scaled
• D) ratio scaled

---

Definitions:

Long-Duration Bonds

Bonds with a long time remaining until maturity, typically more sensitive to interest rate changes and offering potentially higher yields.

Zero-Coupon Bond

A debt security that does not pay interest but is traded at a deep discount, offering profit at maturity when it reaches face value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, typically expressed in years.

Bond Convexity

A measure of the curvature or the degree of the curve in the relationship between bond prices and bond yields, demonstrating how the duration of a bond changes as the interest rate changes.