Which of the Following Has Served as Money in Many

question 141

Multiple Choice

Which of the following has served as money in many federal prisons in the United States since 2004?

• A) postage stamps
• B) energy bars
• C) plastic-and-foil pouches of mackerel
• D) cans of tuna
• E) cigarettes

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Definitions:

Floating-rate Debt

Debt instruments such as bonds or loans with variable interest rates that adjust periodically based on a benchmark interest rate or index.

Market Rates

Refers to the current interest rate or price available in the marketplace for financial instruments or commodities.

Floating-rate Debt

Floating-rate Debt refers to loans or bonds with a variable interest rate, which adjusts periodically based on a benchmark interest rate or index.

LIBOR

The London Interbank Offered Rate, which is a benchmark rate that some of the world’s leading banks charge each other for short-term loans.