In 2011,the Educational Testing Service (ETS)charged $49 to Take the Scholastic

question 100

Multiple Choice

In 2011,the Educational Testing Service (ETS) charged $49 to take the Scholastic Aptitude Test (SAT) but $160 to take the Graduate Record Exam (GRE) .One reason for this difference in price is

• A)more people took the SAT than the GRE in 2011.
• B)the GRE is a longer test with more questions.
• C)an average,those who take the GRE have higher incomes than those who take the SAT.
• D)the ETS faces competition in the market for the SAT but no competition for the GRE.

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Definitions:

Bonds Issued

This term refers to the process where an entity, such as a corporation or government, issues debt securities to raise funds from investors.

Cash Received

The total amount of cash received by a company during a specific period of time, from various sources.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, often used in investment and financial decision-making.

Compound Interest

Interest accumulation on a loan or deposit which is based on the principal amount as well as on all previously gathered interest from past periods.