Unemployment Compensation Is Available To

question 73

Multiple Choice

Unemployment compensation is available to:

• A) anyone who is unemployed for an unlimited duration.
• B) anyone who is unemployed but for a limited duration.
• C) people who are out of work through no fault of their own and have worked in a covered occupation for a substantial number of weeks in the period just before they became unemployed.
• D) people who are out of work through no fault of their own regardless of previous employment history.

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Definitions:

Premium Amortization

The gradual reduction of the premium paid above the face value of a bond, allocated over the bond's life until maturity.

Effective Interest Method

An accounting practice for amortizing the discount or premium on bonds payable or receivable, which reflects the actual interest rate the bond earns.

Bond Discount

The difference between the selling price of a bond and the bond’s face value when the bond is sold for less than par.

Coupon Rate

The rate of interest a bond pays annually, calculated as a percentage of its face value.