If Your Broker Tells You That a Trust to Which

question 51

Multiple Choice

If your broker tells you that a trust to which you are a beneficiary has changed and instead of getting $5000 per year starting next year you will be getting $6000 per year starting next year the present value to you has

• A)fallen.
• B)risen.
• C)remained unchanged.
• D)necessarily become more predictable.

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Definitions:

Shays's Rebellion

In 1786-1787, American agriculturalists initiated a violent rebellion opposing state and local authorities' enforcement of taxes and debt rulings.

Central Government

The government entity responsible for the administration and implementation of policies over an entire nation as opposed to local governing bodies.

Pro-Debtor Laws

Legislation designed to protect individuals who owe money, often by offering bankruptcy protections, limiting interest rates, and providing mechanisms for debt relief.

Articles of Confederation

The original constitution of the 13 American states, adopted in 1781 and replaced by the U.S. Constitution in 1789, which provided a loose federal government.