A Representative Who Relies on His or Her Own Judgment

question 34

Multiple Choice

A representative who relies on his or her own judgment when making legislative decisions is considered a ______.

• A)delegate
• B)trustee
• C)politico
• D)conservative

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Definitions:

Present Value

The immediate worth of a future lump sum or successive cash inflows, considering a specific return rate.

Future Sum

The projected amount of money or value at a specific future date, usually factoring in variables such as interest rates and time periods.

Loan

A sum of money borrowed by one party from another, subject to repayment of the principal amount with interest.

Amortized

The process of gradually writing off the initial cost of an asset over a period.