By 2010, Projections Indicate That the Largest Category of Households

question 33

Multiple Choice

By 2010, projections indicate that the largest category of households will be composed of ________.

• A) childless married couples and empty nesters
• B) single-parent families
• C) single live-alones
• D) singles living with nonrelatives
• E) married couples with children

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Definitions:

Callable Bonds

Bonds that give the issuer the right but not the obligation to redeem the bonds before their maturity date, usually at a predefined call price.

Bond Issuer

A bond issuer is an entity, such as a corporation, government, or municipality, that raises funds by issuing bonds to investors, in return for borrowing money over a specified period at an agreed interest rate.

Promissory Notes

Written, legally binding promises to pay a specified sum of money at a defined future date.

Installment Notes

A form of debt or loan that is paid back in regular, periodic installments, often including both principal and interest.