The So-Called Bridge-To-Nowhere Project for Which Alaskan Legislators Secured Federal

question 98

Multiple Choice

The so-called Bridge-to-Nowhere project for which Alaskan legislators secured federal funding to build a bridge to an unpopulated island in Alaska is an example of a(n)

• A)perk.
• B)earmark.
• C)hold.
• D)prerogative.
• E)block grant.

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Definitions:

Dividend

A portion of a company's earnings that is distributed to shareholders, usually in the form of cash or additional shares.

Effective Annual Rate

The actual interest rate an investor receives or pays in a year, taking into account the effect of compounding.

Quarterly Return

The financial return or profit generated by an investment over a three-month period.

Investment

Commitment of current resources in the expectation of deriving greater resources in the future.