Which Act Helped Eliminate Investor Confusion with Compounding Interest and the Related

question 37

Multiple Choice

Which act helped eliminate investor confusion with compounding interest and the related yields?

• A)The Truth in Savings Act
• B)The Compound Interest Act
• C)The Interest and Yield Act
• D)The Sarbanes Oxley Act

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Definitions:

Frustrated Contracts Act

Legislation that addresses situations where a contract, through no fault of the parties involved, cannot be fulfilled.

Deposit

Money prepaid with the provision that the funds are to be forfeited in the event of a breach of contract.

Condition Subsequent

A condition in a contract that, when occurring, can terminate the contract or alter its terms.

Ended by Agreement

A situation where the parties involved decide to terminate a contract or agreement through mutual consent.