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Full Justification Should Be Used When

question 5

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Full justification should be used when:


Definitions:

Pension Funds

Financial programs that accumulate resources during an employee's working years and pay out retirement benefits upon reaching retirement age.

Short-term Securities

Financial instruments, such as bonds or Treasury bills, that mature or are redeemable within a short period, typically less than one year.

Long-term Securities

Financial instruments that have a maturity period exceeding one year and include bonds, debentures, and other investment vehicles.

Credit Union

A member-owned financial cooperative that provides traditional banking services.

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