What Was the First Medium to Allow Ideas to Easily

question 50

Multiple Choice

What was the first medium to allow ideas to easily move beyond the place where they were initially created?

• A)books
• B)radio
• C)television
• D)the Internet

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Definitions:

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.

Compounded Semi-Annually

Interest calculated on the principal and previously earned interest twice a year.

Quarterly Compounded

An interest calculation method where interest is added to the principal every quarter, increasing the amount of interest earned or paid.

Nominal Rate

Nominal Rate refers to the interest rate before adjustments for inflation or other factors. It is the rate quoted on loans and savings without taking into account the real purchasing power of the money.