Waves That Are Breaking Along the Shore and Are Forming

question 16

Multiple Choice

Waves that are breaking along the shore and are forming a curling crest over an air pocket are called:

• A)gravity waves.
• B)plunging breakers.
• C)spilling breakers.
• D)surf.
• E)swells.

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Definitions:

Stated Interest Rate

The annual interest rate declared on a loan or investment, not accounting for compounding or other effects.

Quoted Interest Rate

The interest rate that a lender states or advertises, not accounting for the compounding of interest within a specific period.

Interest Payment

The payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.

Compounded

The process of generating earnings from previous earnings, calculated by applying the earnings rate not only to the principal but also to the accumulated earnings over past periods.