U)S.government Bonds Have No Default Risk Because

question 33

Multiple Choice

U) S.government bonds have no default risk because

• A) they are backed by the full faith and credit of the federal government.
• B) the federal government can increase taxes to pay its obligations.
• C) they are backed with gold reserves.
• D) they can be exchanged for silver at any time.

Familiarize with various legal instruments used in estate planning such as trusts and powers of attorney.

Recognize the legal procedures associated with probate and the proving of a will.

Understand how estate planning can be used to minimize future taxation.

Know the legal definitions and distinctions involved in estate and trust law.

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Definitions:

Extend Credit

The act of allowing a customer to purchase goods or services now and pay for them later, under agreed terms and conditions.

Resale

The act of selling again, especially selling a purchased item to another buyer.

Adjustment Messages

Communications intended to address and rectify a mistake or misunderstanding.

Revise

To review, alter, and amend content or documents with the intention of making corrections or improvements.