The American Population Has Grown from Approximately ________ Million People

question 62

Multiple Choice

The American population has grown from approximately ________ million people in 1790 to approximately ________ million people in 2018.

• A)4; 327
• B)4; 150
• C)15; 323
• D)15; 150

---

Definitions:

Interest Accrual

The process of recognizing interest expenses or interest income that has been incurred but not yet paid or received in cash.

Interest Payment

The amount paid by a borrower to a lender for the privilege of borrowing money, typically expressed as an annual percentage of the principal.

Stated Interest

The fixed interest rate a bond or loan specifies will be paid to the lender by the borrower.

Bond Issuance

The process by which a borrower issues bonds to investors as a way to raise capital by incurring debt.