Which of the following is defined as converting concrete experiences into a higher level of generalization

Which of the following describes the five-year swap rate?

A. The rate on a five-year loan to a AA-rated company B. The rate on a five-year loan to an A-rated company C. The rate that can be earned over five years from a series of short-term loans to AA-rated companies D. The rate that can be earned over five years from a series of short-term loans to A-rated companies

Border management ________

A) is no longer important because there are so many ways to bypass borders B) is close to a complete solution to access control C) Both A and B D) Neither A nor B