As Part of a Compromise to the Endangered Species Act,the

question 23

Multiple Choice

As part of a compromise to the Endangered Species Act,the government allows developers to conserve some land in return for developing other property as they want.This is accomplished through

• A)the Resource Conservation and Recovery Act.
• B)the use of the Superfund.
• C)the Habitat Conservation Plan.
• D)an Environmental Impact Statement.

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Definitions:

Treasury Bond

A long-term, interest-bearing security issued by the U.S. government.

STRIPPED Cash Flows

Cash flows that are separated from their financial instruments in order to be sold as individual securities.

Arbitrage

The simultaneous purchase and sale of an asset in different markets to exploit price differences for a risk-free profit.

Treasury STRIPS

Separate Trading of Registered Interest and Principal of Securities; bonds that are dissected into individual principal and interest payments and sold separately.