Which of the Following Provides for Time and One-Half Pay

question 37

Multiple Choice

Which of the following provides for time and one-half pay for any time worked over 40 hours in a week for most workers?

• A) Wagner Act
• B) Fair Labor Standards Act
• C) Davis-Bacon
• D) Walsh-Healy Act

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Definitions:

Duration

A measure of the sensitivity of a bond's or fixed income portfolio's price to changes in interest rates, expressed in years.

Maturity

Is the expiration date of a financial instrument, at which point the principal (or final interest payment) is repaid to the investors.

Coupon Rate

The interest rate per year on a bond, expressed as a fraction of its face value.

Par-Value

The face value of a bond or stock, representing the amount that the issuer agrees to repay at maturity or the nominal value of a share, respectively.