A Provision for _____ Does Not Require That an Employee

question 44

Multiple Choice

A provision for _____ does not require that an employee join the union,but employees who do join are required to remain members for a stipulated period of time as a condition of employment.

• A)agency shop
• B)maintenance of membership
• C)closed shop
• D)hot-cargo

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Definitions:

Yield to Maturity

The total return anticipated on a bond if the bond is held until its maturity date.

Coupon Rate

The interest rate stated on a bond or fixed-income security, representing the percentage of its face value paid to the holder annually.

Bond Prices

The market value of bonds, which can fluctuate based on changes in interest rates, credit quality of the issuer, and market demand.

Interest Rates

Interest rates are the cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal for a specified period.