Choose the Word or Phrase in [ ] Which Will

question 96

Multiple Choice

Choose the word or phrase in [ ] which will correctly complete the statement. Select
-EE savings bonds are also called [War Bonds | Patriot Bonds].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Subsidiary Company

A company that is completely or majority-owned by another corporation, known as the parent company.

Parent Company

A corporation that owns enough voting stock in another corporation to control its management and operations.

Amortization

The process of gradually writing off the initial cost of an asset over its useful life.

Bond Investment

An investment in debt securities issued by corporations or governments to finance their operations.