When a 1-Year-Old Child Engages in "Little Scientist" Behaviors, or Enters

question 68

Multiple Choice

When a 1-year-old child engages in "little scientist" behaviors, or enters the "getting into everything" stage, the child is engaging in what Jean Piaget called _____ reactions.

• A) primary circular
• B) secondary circular
• C) tertiary circular
• D) preoperational

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Definitions:

Coupon Rate

The annual interest rate paid by a bond issuer to the bondholder, usually expressed as a percentage of the bond's face value.

Duration

A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, often expressed in years.

Perpetuities

A type of annuity that receives an infinite series of identical cash flows with no end.

Deep Discount Bonds

Bonds that are issued at a significantly lower price than their par value, often with higher yields to compensate for the risk.