To supplement his income, Billy has invested in a financial instrument. Each year, he receives an interest payment on his investment. He will also receive an amount known as the principal on the maturity of the investment. Based on the given information, Billy has most likely invested in a(n) _____.
A. common stock
B. corporate bond
C. individual retirement account
D. free-service fund
Answer: B
You might also like to view...
Compare and contrast the characteristics of economically developing and developed nations.
What will be an ideal response?
To form plurals when a consonant precedes y, change the y to i and add es
Indicate whether the statement is true or false.
Title VII is administered by the Equal Employment Opportunity Commission (EEOC), a five-member commission appointed by the president that works with the commission's Office of General Counsel
Indicate whether the statement is true or false
Which of the following is true regarding other financing sources and other financing uses?
A. These terms are used for minor revenue or expenditure items that are peripheral to the government's mission. B. Both must be reported separately from revenues and expenditures in the statement of revenues, expenditures, and changes in fund balances. C. Other financing sources are equivalent to gains and other financing uses are equivalent to losses. D. These terms are used to distinguish program revenues or expenses from general revenues or expenses.