When More Affluent Groups Move Back into Cities and Renovate

question 60

Multiple Choice

When more affluent groups move back into cities and renovate dilapidated buildings and neighborhoods,the process is called:

• A)conurbation
• B)metropolization
• C)megalomania
• D)urbanization
• E)gentrification or urban renewal

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Definitions:

Interest Payments

Periodic payments made to lenders or bondholders as compensation for lending their money.

Nominal Interest Rate

The stated interest rate of a bond or loan, not adjusted for inflation, representing the actual annual cost of borrowing.

Compounded Quarterly

The process where interest is calculated and added to the principal sum of an investment or loan on a quarterly basis.

Lifetime Subscription

A one-time payment plan for a product or service that grants the subscriber access for the lifetime of the product or service.