Under a Sinking Fund Provision, Money Is Set Aside Every

question 12

True/False

Under a sinking fund provision, money is set aside every year until the bond matures, and then the money is used to repay the principal.

---

Definitions:

"King Andrew I"

A derisive nickname for Andrew Jackson, the seventh President of the United States, referring to his authoritarian political style.

American System

An economic plan that played a prominent role in American policy during the first half of the 19th century, advocating for a strong banking system, protective tariffs, and internal improvements.

Alexander Hamilton

A founding father of the United States, first Secretary of the Treasury, and influential interpreter of the U.S. Constitution.