Which One of the Following Is an Account Used to Provide

question 3

Multiple Choice

Which one of the following is an account used to provide for scheduled redemptions of outstanding bonds?

• A)redemption fund
• B)sinking fund
• C)liquidation account
• D)serial account
• E)callable account

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Definitions:

Maslow's Need Hierarchy

A theory in psychology that prioritizes human needs in a pyramid structure, from basic physiological needs to self-actualization at the top.

Lower Needs

Basic physiological and safety needs in Maslow's hierarchy, such as food, water, shelter, and security.

Higher Needs

Needs that appear at the top of Maslow's hierarchy, such as self-actualization and esteem, referring to personal growth and realization of one's potential.

Financial Success

The achievement of financial objectives and goals, often marked by wealth accumulation, debt reduction, and financial security.