A __________ Is Held When One of the Two Top

question 42

Multiple Choice

A __________ is held when one of the two top contenders of a second primary did not receive a majority of the votes.

• A)direct primary
• B)primary
• C)runoff primary
• D)second primary

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Definitions:

Compounded Annually

Involves the calculation and addition of interest to the principal sum of a loan or deposit once every year.

Compounded Quarterly

A method where interest is added to the principal every three months which allows interest to be earned on the previously accumulated interest.

Scholarships

Financial support awarded to students based on academic or other achievements to help fund their education.

Trust Fund

A fund comprised of a variety of assets intended to provide benefits to an individual or organization, managed by a trustee.