Which Institution Is Least Likely to Default on a Bond

question 26

Multiple Choice

Which institution is least likely to default on a bond?

• A) local government
• B) small corporation
• C) U.S. federal government
• D) large corporation

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Definitions:

Black Stem Rust

A fungal disease caused by Puccinia graminis that affects cereals and grasses, characterized by dark rust pustules on stems and leaves.

Ascomycetes

A large phylum of fungi characterized by the formation of spores in saclike structures called asci.

Zygomycetes

A class of fungi characterized by their life cycle, which includes the formation of a zygospore during sexual reproduction.

Basidiomycetes

A class of fungi characterized by producing spores on basidia, including mushrooms, puffballs, rusts, and smuts.