Assuming Good Behavior, Federal Judges Serve Lifetime Appointments

question 11

True/False

Assuming good behavior, federal judges serve lifetime appointments.

---

Definitions:

Insurance Contract

A legally binding agreement between an insurer and the insured, where the insurer agrees to compensate for certain losses in exchange for a premium.

Long Hedges

Occur when futures contracts are bought in anticipation of (or to guard against) price increases.

Short Hedges

Occur when futures contracts are sold to guard against price declines.

T-bills

Treasury bills, short-term debt obligations issued by the government with a maturity of less than a year, considered risk-free.