"Primary" Succession Is Succession That

question 38

Multiple Choice

"Primary" succession is succession that

• A) involves establishment of primary producers where there were none.
• B) leads to establishment of a climax community dominated by primary producers.
• C) occurs on newly exposed geologic substrates, not organic soil.
• D) occurs where organic soils have been exposed but not destroyed by disturbance.
• E) occurs after fire or agricultural abandonment.

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Definitions:

Real Interest Rates

Real interest rates are the interest rates adjusted for the effects of inflation, reflecting the true cost of borrowing and the true yield on savings.

International Fisher Effect

A theory that describes the relationship between interest rates and currency exchange rates, asserting that differences in interest rates between two countries will result in an equal change in exchange rates.

Interest Rate Parity

A theory explaining the relationship between interest rates and the exchange rate between two currencies.

Gilts

Government bonds issued by the United Kingdom, considered low-risk investments.