In a Closed-Ended Survey Question, Responses Must Be Exhaustive and Mutually

question 37

Multiple Choice

In a closed-ended survey question, responses must be exhaustive and mutually exclusive except in:

• A) Interpretive and check-all-that-apply questions
• B) Check-all-that-apply and filter questions
• C) Filter and contingent questions
• D) Contingent and cognitive questions
• E) Cognitive and interpretive questions

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Definitions:

Quarterly Compounded

Refers to the calculation of interest that is added to the principal balance of an investment or loan four times a year.

Equivalent Effective Rate

A comparable interest rate that equates the interest earned on different investments or loans over the same time period, taking into account the effects of compounding.

Face Value

The original value of a financial instrument as stated on the instrument itself, without accounting for interest or market value fluctuations.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.