The Primary Difference Between Breccia and Conglomerate Is That Conglomerate

question 40

Multiple Choice

The primary difference between breccia and conglomerate is that conglomerate

• A) is finer-grained than breccia.
• B) is coarser-grained than breccia.
• C) possesses more angular grains than breccia.
• D) possesses more rounded grains than breccia.

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Definitions:

Duration

An indication of how sensitive the price of a bond or similar debt security is to shifts in interest rates, often measured in years.

Substitution Swap

A Substitution Swap is a strategy in fixed-income markets where an investor exchanges one bond for another with similar features but more attractive terms.

Interest Rate Risk

The risk of losing value in an investment due to a change in interest rates, affecting both bonds and loans.

Long-Duration Bonds

Bonds with a longer time until maturity, typically more than 10 years, making them more sensitive to changes in interest rates.