The Branch of the Government Responsible for Overseeing the Legal

question 74

Multiple Choice

The branch of the government responsible for overseeing the legal system is the

• A) judiciary.
• B) executive.
• C) legislative.
• D) administrative.

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Definitions:

Accrued Interest

The interest that has accumulated on a bond since the last interest payment was made, which the buyer of the bond must pay to the seller if the bond is bought between interest payment dates.

Zero-Coupon Bond

A zero-coupon bond is a debt security that doesn't pay periodic interest but is sold at a deep discount, providing profit at maturity when the bond is redeemed for its full face value.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, including all interest payments and capital gains or losses.

Rate Of Return

Profitability or loss incurred from an investment within a fixed period, quantified as a percentage of the investment's buying cost.