Examlex
The wearing of seat belts is required in many communities. Children of a certain age must be restrained in a car seat or seat belt when riding in a car. This is an example of which of the following?
T-Bill
Short for Treasury Bill, a short-term government security issued at a discount from the par value and paying no interest before maturity.
Simple Interest
A method of calculating interest where the calculation is based only on the original amount of money invested or borrowed, excluding the effect of compounding.
Profit
The financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Personal Line
A type of credit product that allows individuals to borrow up to a pre-approved limit on an as-needed basis.
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