On Which of These Bonds Is the Prospect of Default

question 173

Multiple Choice

On which of these bonds is the prospect of default least likely?

• A)a junk bond
• B)a bond issued by the state of Arizona
• C)a bond issued by the federal government
• D)a bond issued by General Electric Corporation

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Definitions:

Early English Kings

Monarchs who ruled over England during the early historical periods, often considered up to the Norman Conquest of 1066.

Contractual Rights

Legal rights granted to parties in a contract, specifying what each is entitled to receive or obligated to perform under the agreement.

Balancing Act

The process of attempting to maintain equilibrium or optimal performance in face of conflicting interests or demands.

Chaos

A state of extreme confusion and disorder, marked by a lack of predictability and control, often referenced in the context of systems, science, and societal conditions.