The ________ Is a Model Act Passed in 1949 That

question 77

Multiple Choice

The ________ is a model act passed in 1949 that includes comprehensive laws that cover most aspects of commercial transactions.

• A) Gramm-Leach Bliley Act
• B) Social Security Amendment
• C) Uniform Sales Act
• D) Uniform Commercial Code

---

Definitions:

Compounded Monthly

The process of applying interest on both the initial principal and the accumulated interest each month.

Compounded Annually

A method where interest is added to the principal sum at the end of each year, compounding the amount for the next period.

Semi-Annually

Occurring twice a year or every six months, often used in the context of payments or interest calculations.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period.