All Fields Declared in an Interface

question 58

Multiple Choice

All fields declared in an interface:

• A) are final and static
• B) have protected access
• C) must be initialized in the class implementing the interface
• D) have private access

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Definitions:

Nominal Rate

The stated interest rate of a financial instrument, without adjustment for inflation or compounding frequencies.

Compounded Monthly

The method of computing interest that includes both the original amount and the interest accrued over past months, applied each month.

Annual Nominal Rate

The annual rate of interest without taking into account the compounding of interest within that year, not reflecting the actual interest earned or paid.

Monthly Compounding

Interest calculation method where interest is added to the principal sum at the end of each month, compounding the amount over time.