The two kinds of property are:
A) real and personal.
B) tangible and real.
C) real and intangible.
D) personal and tangible.
A
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Suppose that a highway is governed by a use fee charged to motorists that is based on congestion, operation and maintenance. The total traffic t is used to determine the cost of 5t2 + 7t. What is the average cost per motorist?
A) 12 B) 5t + 7 C) 10 D) 10t + 7
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A town issues $15 million in bonds to pay for construction of a new high school. The bonds will mature over 20 years, but the town will begin paying off a portion of the bonds annually after 15 years
What type of bonds are being used to help finance the school construction? A) callable bonds B) revenue bonds C) serial bonds D) sinking-fund bonds E) convertible bonds
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