A Fund to Which Annual or Semiannual Deposits Are Made

question 21

Multiple Choice

A fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue is called a(n) ____________ fund.

• A) serial
• B) sinking
• C) debenture
• D) indenture
• E) money

---

Definitions:

Analytic Approach

A method of problem-solving by breaking a complex topic or substance into smaller parts to gain a better understanding of it.

Naive Physics

Naive physics is the common-sense understanding of the physical world that people develop based on their everyday experiences, often without formal education in physics.

Object Persistence

The property of an object to continue existing even when it is not being perceived or observed.

Piaget's Theory

A theory of cognitive development that describes how children's intellectual abilities evolve through four stages from infancy to adolescence.