The written pledge of a government or a municipality to repay a specified sum of money along with interest is called a _________
A)mutual fund.
B)government bond.
C)guaranteed investment certificate.
D)government stock.
E)option fund.

Question

Quizplus · Accepted Answer

A written pledge to repay a specified sum of money along with interest is a typical definition of a government bond. Mutual funds are a professionally managed portfolio of investments, while guaranteed investment certificates and option funds are financial products offered by financial institutions. Government stock might be an unclear term for most, as it could refer to government ownership in corporations or the stock market as a whole.

The Written Pledge of a Government or a Municipality to Repay