Match the Term with the Appropriate Phrase

question 59

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-high temperature

• A)evaporation
• B)halocline
• C)isocline
• D)sublimation
• E)thermocline
• F)deposition
• G)pycnocline
• H)condensation

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Definitions:

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, representing the weighted average time to receive the bond's cash flows.

Coupon

A voucher entitling the holder to a discount for a particular product or service.

Zero-Coupon Bond

A bond that is issued at a discount and repaid at face value at maturity, without periodic interest payments.

Duration

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