A Contract Is Said to Be ________, Once All the Terms

question 46

Multiple Choice

A contract is said to be ________, once all the terms of the contract have been fully performed.

• A) Executory
• B) Executed
• C) Anticipatory
• D) Ended
• E) Stopped

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Definitions:

Government Spending

Expenditures made by the government for its operations, provision of public services, or interventions in the economy.

U.S. Government Securities

Fixed-income investments backed by the full faith and credit of the United States government, including Treasury bills, notes, and bonds.

Money Supply

The total amount of monetary assets available in an economy at any specific time.

Interest Rate

The expense, quantified as a percentage of the principal, charged by a lender to a borrower for the use of resources.