Which Accounts Described Below Would Have Non-Zero Balances After the Accounts

question 1

Multiple Choice

Which accounts described below would have non-zero balances after the accounts are closed in the general fund of a state or local government?

• A) I, II, III.
• B) I, II, IV.
• C) IV, V, VI.
• D) III, IV, V.

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Definitions:

Semi-Annually

Occurring twice a year; a term often used in the context of paying interest or dividends.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, considering all interest payments and the principal repayment.

Par

The face value of a bond or other security, at which it can be redeemed at maturity or the amount of money equal in value to a particular share or bond.

Coupon

The yearly payment of interest to those holding bonds, represented as a percentage of the bond's nominal value.