Write the Word or Phrase That Best Completes Each Statement

question 197

Essay

Write the word or phrase that best completes each statement or answers the question.
-Martin purchased some municipal bonds yielding 8% annually and some certificates of deposit yielding11% annually. If Martinʹs investment amounts to $23,000 and the annual income is $2230, how muchmoney is invested in bonds and how much is invested in certificates of deposit?

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Definitions:

Malfeasance

The performance of an act by a public official that is legally unjustified, harmful, or contrary to law; wrongdoing (used especially of an act in violation of a public trust).

Res Ipsa Loquitur

A legal doctrine that allows an inference of negligence to be drawn from the mere occurrence of certain types of accidents, without specific evidence of an act of negligence.

Subpoena Duces Tecum

A legal document requiring a person to produce documents or records for a court case.

Nonfeasance

The failure to perform an act that is required by law or duty, often resulting in liability if damages are caused by this inaction.