If an Idea Lasts Long Enough and Becomes Widespread,it Will

question 34

True/False

If an idea lasts long enough and becomes widespread,it will then become institutionalized.

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Definitions:

Quarterly Compounded

A method where interest is calculated and added to the principal balance four times a year.

Nominal Interest Rate

The rate of interest before adjustment for inflation, representing the face value of borrowing or lending.

Interest Rate

An interest rate is the percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Strip Bond

A debt security that is derived from the coupon and principal payments of a bond, which are separated ("stripped") and sold as individual zero-coupon bonds.