Read Paragraph Below and Answer the Questions That Follow It

question 34

Multiple Choice

Read paragraph below and answer the questions that follow it.
(1) There types of post-secondary institutions offer unique credentials that serve as pathways to different kinds of careers. (2) The first type of post-secondary institution is the university. (3) At universities, students first earn a bachelor's degree that prepares them for professional positions in education, medicine, engineering, and many other fields requiring four or more years of study. (4) The second type of post-secondary institution, the community college offers associate degrees. (5) Some of these degrees, which can be earned in as little as two years, prepare students to transfer to a university to continue working toward a bachelor's degree. (6) Many other associate degrees serve as the minimum credential needed to enter careers such as nursing, machining, legal assisting, and office administration. (7) A third type of post-secondary institution is the vocational-technical or career college. (8) These schools typically offer a certificate upon completion of a short-term training program (usually 18 months or less) in fields such as culinary arts, truck driving, plumbing, or hair styling.
-How many categories are there?

• A) two
• B) three
• C) four

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Definitions:

Foreign Bond

A bond issued in a domestic market by a foreign entity, in the domestic market’s currency, to raise capital from investors in that country.

Canadian Dollars

The Canadian dollar is the currency of Canada, often represented by the symbol C$ or CAD, and it is used throughout the country for financial transactions.

Callable

A term describing a financial security (e.g., a bond) that can be redeemed by the issuer before its maturity date at a predetermined price.

Call Premium

The extra amount that must be paid by the issuer to call a bond before its maturity date, above its par value.