If a Student Takes More Than the Allowed Hours (As

question 24

Multiple Choice

If a student takes more than the allowed hours (as set by the legislature) to complete his or her degree,the student

• A) must pay the out-of-state tuition rate.
• B) is placed on academic probation.
• C) may transfer to a community college.
• D) is assigned a mentor to help him/her successfully complete the course of study.

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Definitions:

Accrued Interest

The amount of interest that has accumulated on a bond or loan but has not yet been paid by the borrower.

Inverse Floaters

Bonds that have coupon rates that move inversely to some reference rate, typically a short-term interest rate.

Coupon Rates

The annual interest rate paid on a bond, expressed as a percentage of the face value.

Interest Rates

The charge, as a percentage of the principal sum, levied by a lender on a borrower for asset usage.