A Fund to Which Annual or Semiannual Deposits Are Made

question 21

Multiple Choice

A fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue is called a(n) ____________ fund.

• A) serial
• B) sinking
• C) debenture
• D) indenture
• E) money

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Definitions:

Birth Rate

The quantitative measure of the number of births in a given population, area, or period, usually expressed per 1000 individuals per year.

Modes of Transportation

Various methods and means by which individuals or goods are moved from one location to another, including walking, cycling, vehicles, public transit, and air travel.

Suburbs

Residential areas located on the outskirts of a city or large town, typically characterized by lower population density than urban centers.

Department Stores

Big department stores that provide a diverse range of products across multiple sections, all housed within a single building.