Use the Following to Answer Questions

question 23

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Social stratum that developed in Britain in the nineteenth century and that consisted of people employed in the service sector as clerks, salespeople, secretaries, police officers, and the like; by 1900, this group comprised about 20 percent of Britain's population.

• A)steam engine
• B)Indian cotton textiles
• C)middle-class values
• D)lower middle class
• E)Karl Marx
• F)Ellen Johnston
• G)Labour Party
• H)Luddites
• I)socialism in the United States
• J)Progressives
• K)Russian Revolution of 1905
• L)caudillos
• M)Latin American export boom
• N)Mexican Revolution
• O)dependent development

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Definitions:

Zero-Coupon Bonds

Bonds that do not pay interest during their life but are sold at a deep discount, providing profit at maturity when redeemed for their face value.

Face Value

The nominal or dollar value printed on a bond, note, or other financial instrument, representing the amount due at maturity.

Quoted Price

The publicly stated cost or value of a stock, commodity, or financial instrument.

Coupon Rate

The yearly rate of interest that the entity issuing a bond pays to its investors, represented as a proportion of the bond's nominal value.