Laws That Punish Actions That Were Not Illegal When Performed

question 40

Multiple Choice

Laws that punish actions that were not illegal when performed are known as:

• A) bills of attainder.
• B) proscriptive laws.
• C) ex post facto laws.
• D) criminal laws.

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Definitions:

Compounded Semi-annually

The process of calculating and adding interest to the principal sum of a loan or deposit twice a year, which increases the amount of future interest earned.

Compounded Semi-annually

Interest calculated twice a year, factoring in previously accrued interest for each calculation.

Strip Bond

An investment instrument entitling its owner to receive only the face value of a bond at maturity.

Nominal Rate

The stated interest rate of an investment or loan, not adjusted for compounding or inflation.