Which One of the Following Examples Best Illustrates Implicit Rather

question 52

Multiple Choice

Which one of the following examples best illustrates implicit rather than explicit knowledge?

• A) Knowing that vertebrates are animals with backbones
• B) Knowing that doing well on the GRE exams is important for getting into graduate school
• C) Knowing how to create grammatically correct sentences in everyday conversation
• D) Knowing how to use footnotes in a research paper

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Definitions:

Par Value

The face value of a bond or stock, representing the amount that the issuer agrees to pay at maturity or the value assigned to a stock for accounting purposes, respectively.

Matures

Refers to the final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.

Par-value

The par value of a bond, share of stock, or coupon as declared by the issuer.

Yield To Maturity

The total return anticipated on a bond if held until it matures, including all interest payments and the repayment of principal.