The Chief Justice of the Supreme Court Is Elected by the Associate

question 20

True/False

The Chief Justice of the Supreme Court is elected by the Associate Justices of the U.S. Supreme Court.

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Definitions:

Amortize

To amortize is to gradually reduce or write off the cost or value of an intangible asset through systematic charges to income over its estimated useful life.

Compounded Monthly

A method of calculating interest where the interest earned or paid is added to the principal so that the next interest calculation includes prior interest.

End of Year Annuity

A series of equal payments made at the end of consecutive periods over a fixed length of time.

Opportunity Cost

The potential benefits missed out on when choosing one alternative over another.