The New $20 Bills Are Being Introduced by the U

question 77

Multiple Choice

The new $20 bills are being introduced by the U.S.Treasury primarily to diminish

• A)inflation.
• B)poverty.
• C)counterfeiting.
• D)bank failures.

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Definitions:

Minimum Legal Capital

The least amount of capital that a company is required to maintain by law, to protect creditors from the company's liabilities.

Convertible Stock

Equity securities that can be converted into a predetermined number of common shares, at the option of the holder.

Callable Stock

A type of security that gives the issuer the right to buy back the shares at a predetermined price after a certain period.

Noncumulative Stock

Preferred stock where dividend payments are not accumulated if they are not declared, meaning shareholders may lose the right to dividends in missed payment periods.