Colleges and Universities Use Such Things as Grade Point Averages

question 16

Multiple Choice

Colleges and universities use such things as grade point averages and standardized test scores as

• A) a measure of consumer utility.
• B) non-price rationing devices.
• C) a means to shift the supply curve for a college education.
• D) solely to frustrate prospective students.

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Definitions:

European Put

A type of option contract that gives the holder the right, but not the obligation, to sell a specified asset at a predetermined price before or at the option's expiration date, but only exercisable in Europe.

Specified Price

A definite price point set in a contract or agreement, often referring to the predetermined price in financial transactions.

Expiration Date

The date on which an option, right, or warrant expires, or the date when a perishable product is no longer considered safe or effective to use.

Bretton Woods

A system of monetary management that established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after World War II.