If James has purchased a 10-year bond that pays a $50 coupon, and if interest rates go up, the bond price will rise, because the interest he is owed by the government will increase.
Answer: Percy Spencer
Percy Spencer, was an American engineer. He was the inventor of the microwave oven in 1945, serving the Raytheon company.
The calorific effect of microwaves was discovered by the American Percy Spencer. While experimenting with radars and microwaves, he noticed that the candy bar in his pocket had almost melted. He sought the explanation of this fact, the grain of corn under the effect of these waves and within seconds they were transformed into popcorn. The microwaves had agitated the water molecules contained in the corn kernels, rubbed them against each other, and warmed them.
The New England Primer, called as The English Protestant Tutor during the 17th century, was the foundation of the schooling system in the century for the American colonies. While it is largely based in King James Bible, the Puritan views are evident even until today. I think it is good to introduce faith in the system however, if this become the very hurdle to learn, then it is bad.
