Which One of the Following Is an Account Used to Provide

question 3

Multiple Choice

Which one of the following is an account used to provide for scheduled redemptions of outstanding bonds?

• A)redemption fund
• B)sinking fund
• C)liquidation account
• D)serial account
• E)callable account

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Definitions:

Egalitarian

Egalitarian refers to a belief in or practice of equal rights and opportunities for all people, opposing hierarchy and inequalities.

Permanent

Describes something that is intended to exist or last indefinitely without change, ending, or expiry.

Extended Family

Expands the nuclear family “vertically” by adding another generation—one or more of the spouses’ parents—to the household.

Same Household

Refers to individuals who reside in the same dwelling, sharing living quarters and daily lives, often related by blood, marriage, or legal ties.