Kayla Recently Inherited a Substantial Sum of Money and Is

question 21

Multiple Choice

Kayla recently inherited a substantial sum of money and is looking to invest some of it in the bond market. She prefers to know exactly how much she will be paid when her bonds mature.  Of the following options, what type of bond should she purchase?

• A)Revenue bonds
• B)STRIPS
• C)General obligation bonds
• D)Treasury notes

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Definitions:

Allocate Resources

The process of distributing available resources, such as funds, materials, and labor, to specific tasks, projects, or departments within an organization.

Labour

The human effort, both physical and mental, used in the production process.

Fixed Budget

A budget that remains constant, regardless of changes in business activity levels.

Allocate Resources

The process of distributing available resources, such as time, money, and manpower, among various tasks or projects.