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When the Government Has a Surplus,as Occurred in the Late

question 1

Multiple Choice

When the government has a surplus,as occurred in the late 1990s,the ________ curve of bonds shifts to the ________,everything else held constant.

Definitions:

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be endorsed.

Special Endorsement

A banking term referring to a notation on a check or other negotiable instrument that specifies the conditions under which it can be redeemed or transferred.

Qualified Endorsement

A legal notation on a negotiable instrument, such as a check, restricting the conditions under which it can be further negotiated.

Statement of Income and Expense

is a financial report that summarizes the revenue, costs, and expenses incurred during a specific period.