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Which of the Following Categories Accounted for the Largest Percentage

question 83

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Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?


Definitions:

Semiannually

A term indicating that an event or action occurs twice a year.

Capital Gain

The profit earned from the sale of an asset when its selling price exceeds its purchase price.

High-duration

Describes bonds or other fixed-income securities that have high sensitivity to changes in interest rates, usually because they have a long time until maturity.

Low-duration

Refers to investments that have a short time until maturity, typically associated with lower interest rate risk.

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