Which of the Following Statements About Nominal Scales Is TRUE

question 17

Multiple Choice

Which of the following statements about nominal scales is TRUE?

• A)The numbers identify the objects.
• B)The numbers order the objects.
• C)The median can be used as the measure of average.
• D)The mean can be used as the measure of average.
• E)None of these are true.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold on the open market.

Coupon Bond

A bond that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, when the principal amount is repaid.

Market Yield

The current return on investment for a security, factoring in its price variations and dividend payments.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or currency note.