The 2005 Act Was an Attempt to Meet the Complaints

question 47

Multiple Choice

The 2005 Act was an attempt to meet the complaints of the business community with regard to the ________.

• A)increase of unemployment insurance for debtors facing bad times
• B)issues related to the Bankruptcy Reform Act of 1978
• C)increase in the number of filings for personal bankruptcy
• D)allegation that debtors had begun evading payments to creditors

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Definitions:

Rational Investor

An individual who makes investment decisions based on logic and available information to maximize returns and minimize risk.

Bond

A fixed income instrument representing a loan made by an investor to a borrower, typically corporate or governmental, which pays back with interest.

Interest Rate

The percentage of an amount of money charged by a lender to a borrower for the use of assets over a specific period.

Antique

An old collectible item that is valued because of its aesthetic or historical significance, often considered to be at least 100 years old.