The Rate on a Risk-Free Annuity That Can Be Called

question 47

Multiple Choice

The rate on a risk-free annuity that can be called at any time is known as the:

• A)callable annuity rate.
• B)callable auction rate.
• C)callable hurdle rate.
• D)risk-free rate.

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Definitions:

Judicial Branch

One of the three branches of the U.S. government, responsible for interpreting the laws and the Constitution, and comprised of the Supreme Court and lower federal courts.

Presidential Election of 1876

A highly contested election where Rutherford B. Hayes was declared the winner over Samuel J. Tilden after a compromise that effectively ended Reconstruction by removing federal troops from the South.

Reconstruction

The period following the Civil War in the United States, focused on rebuilding the country and integrating formerly enslaved people into society.

Democratic Presidents

Leaders of the United States who are members of the Democratic Party, one of the two major political parties in the country.