Ingrid Is Single with No Dependents

question 19

Multiple Choice

Ingrid is single with no dependents.She has been in the hospital with a coma for the last 2 weeks.Her bills are piling up and her rent on her apartment is due.Who is legally empowered to take care of her banking and bill paying while she is incapacitated?

• A)Whoever is named as her executor
• B)Whoever is named in her living will
• C)Whoever is named in her durable power of attorney
• D)Whoever is named in her durable health care power of attorney

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Definitions:

Nominal Return

The rate of return on an investment without adjusting for inflation.

Yielding

The income produced by an investment, typically expressed as a percentage of the investment's cost.

Canada Bonds

Bonds issued by the Canadian government, offering a low-risk investment option with fixed interest payments.

Floating Rate Bond

A bond with an interest rate that is tied to a benchmark, such as LIBOR, and can change over time.