The Term "Fiduciary" Comes from the Latin Fiducia, Which Means

question 477

Multiple Choice

The term "fiduciary" comes from the Latin fiducia, which means

• A) value.
• B) gold.
• C) money.
• D) trust or confidence.

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Definitions:

Federal Budget

An annual financial statement presenting the government's proposed revenues and spending for the upcoming fiscal year.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government intervention.

Recession

A noticeable drop in economic activity that affects the entire economy, enduring beyond several months, usually evidenced in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Transfer Payments

Payments made by the government to individuals, without the government receiving any goods or services in return.