Polls Show That a Texan Is MOST Likely to Identify

question 49

Multiple Choice

Polls show that a Texan is MOST likely to identify as a

• A) moderate.
• B) liberal.
• C) independent.
• D) conservative.

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Definitions:

Semi-annually Compounded

Relating to the process in which the interest on a loan or investment is calculated and added to the principal amount twice a year.

Effective Annual Rate

A measure of the true interest rate accounting for the effects of compounding over a year.

Contributions

Amounts given or donated to a particular cause, project, or for a retirement account.

Effective Rate of Return

A measure of the return on an investment that accounts for the effect of compounding over a specified time period.