Choose the Word or Phrase in [ ] Which Will

question 168

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-You have just begun working at ABC Corporation.Participation in the company's 401(k)plan will probably be [voluntary | mandatory].

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Definitions:

Decline

A decrease in the value or price of an asset or a reduction in the strength or quality of something.

Strip Bond

A financial instrument representing a portion of a debt security without periodic interest payments, where the investor receives the face value at maturity.

Maturity

The time when a financial instrument, such as a bond or loan, reaches its due date and is to be paid off.

Compound-interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods.