The Transfer of Rights Under a Contract to a Third

question 27

Multiple Choice

The transfer of rights under a contract to a third party is called:

• A)An assignment.
• B)An adjudication.
• C)A resolution.
• D)A delegation to an obligee.

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Definitions:

Deposits with the Fed

Funds that commercial banks and other financial institutions place in their accounts with the Federal Reserve.

U.S. Government Securities

Financial instruments issued by the U.S. government to raise funds, including Treasury bonds, bills, and notes, considered low-risk investments.

Money Supply

The summed up worth of financial assets accessible in an economy at a specific moment.

Bank Transaction

Any financial operation carried out within a bank, including deposits, withdrawals, and loans.