Which of the Following Statements Is Correct

question 150

Multiple Choice

Which of the following statements is correct?

• A) Interest rates and bond prices vary directly.
• B) Interest rates and bond prices vary inversely.
• C) Interest rates and bond prices are unrelated.
• D) Interest rates and bond prices vary directly during inflations and inversely during recessions.

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Definitions:

Express Ratification

The explicit approval or confirmation of an act or contract that was initially unauthorized or in need of validation.

Adjudicated Insane

Adjudicated Insane is a legal determination that an individual is not mentally competent to manage their affairs due to mental illness.

Guardian Appointed

The designation of a person by a court to care for and make decisions for someone unable to do so themselves, such as a minor or an incapacitated adult.

Contracts Voidable

Agreements that may be declared invalid by one or more of the parties involved due to reasons such as fraud, duress, or incapacity, but remain effective unless voided.