Geoff Serves in a Representative Capacity for Huck

question 17

Multiple Choice

Geoff serves in a representative capacity for Huck.To accomplish the objectives of this relationship,Geoff's authority can be implied

• A)by contradiction.
• B)by custom.
• C)by lack of reason.
• D)under no circumstances.

---

Definitions:

Principal Amount

The principal amount is the original sum of money borrowed in a loan or the initial amount invested, excluding any interest or profits.

Floating-Rate Bonds

Bonds whose coupon payment may vary over time. The coupon rate is usually linked to the rate on some other security, such as a government bond, or to some other rate, such as the prime rate or LIBOR.

Inflation

The rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling.

Interest Rates

The rate at which a lender charges a borrower for asset usage, calculated as a percentage of the principal sum.