In Comparing the Yield to Maturity on a Treasury Bill

question 26

Multiple Choice

In comparing the yield to maturity on a Treasury bill with the yield on a discount basis on the same bill, we can say that the yield to maturity

• A)will always be greater than the yield on a discount basis.
• B)will always be less than the yield on a discount basis.
• C)will always be equal to the yield on a discount basis, provided the holding period is the same as the number of years to maturity.
• D)rises whenever the yield on a discount basis falls.

Understand the basic characteristics of different systems of government (unitary, federal, confederal).

Recognize the constitutional basis and implications of federalism in the United States.

Distinguish between the powers held by the states and those held by the national government.

Identify the roles and limitations of the central government in various governance systems.

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Definitions:

Positive Reinforcement

A behavior modification technique that involves rewarding a desired behavior, thereby increasing the likelihood that the behavior will be repeated.

Negative Punishment

Negative punishment involves removing a desirable stimulus to reduce the likelihood of a particular behavior being repeated.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Instinct

A natural and usually unchanging behavior pattern exhibited by animals when they encounter specific triggers.