Interest Payments in the United States Increased During the 1980s

question 5

Multiple Choice

Interest payments in the United States increased during the 1980s because of:

• A)growing federal deficits.
• B)a low tax rate.
• C)growing budget surpluses.
• D)a fall in government expenditure.
• E)an increase in national savings.

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Definitions:

Negotiable

describes an item, typically a financial instrument like a check or bill of exchange, that can be endorsed and transferred from one party to another.

UCC Article 3

A portion of the Uniform Commercial Code that governs negotiable instruments, including checks, promissory notes, and drafts.

Definite Time

A term used to denote a specific, clear, and unambiguous point or period in time agreed upon in various contexts, such as contracts or scheduling.

Completion of Building

The final stage in the construction process when a building is declared finished according to the set standards or specifications, often marked by a certificate of occupancy.