Answer:
<em>In 1681, King Charles II gave William Penn, a wealthy English Quaker, a large land grant in America to pay off a debt owed to his family. Penn, who had been jailed multiple times for his Quaker beliefs, went on to found Pennsylvania as a sanctuary for religious freedom and tolerance.</em>
Bishweshwar Prada Koirala
Bonds
IOUs from government - buy a piece of paper from government with promised interest rate - money goes to help government with task or project - most famous ones are for war.
Reserves
what the bank holds on to - does not loan out
Creditworthy
deemed acceptable by bankers - viewed as low risk in borrowing money.
Risk
chance you take that investment will or will not work out; also can be chance you take in anything like possibility of being injured or getting sick.
Claim
when you explain to insurance company about what happened
Premium
Monthly payment to have insurance coverage
Purchasing Power
strength or value of money - affects how much you can buy
Credit
act of or status from borrowing money or taking out loan from financial institution (not from friends or family)
Portfolio
list of investments
Installment Plan
breaking something into multiple payments so that large sum not due at once
Mutual Funds
money pooled or collected from multiple investors to purchase securities or investments
Insurance
coverage for 'what if' - helps split risks among multiple people
Deductible
what must be paid out of pocket before insurance company will cover costs.
Credit Union
non-profit member run financial institution
Interest
percentage charged on top of a loan
Answer:
1) Mandatory responsibilities are more important because if everything were voluntary there would bairly be people to do things. Everything would be by choice and society would go downfall.
2)
1. Apply to become a resident.
2. Must have lived in the U.S. for 5 years.
3. Apply to become naturalized.
4. Be able to read, write and speak English.
5. Be of good moral character.
6. Pay a fee to become a naturalized citizen.
7. Take an Oath of Allegiance to the U.S.
<h3>
Hope this Helps!!</h3>
:)
