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GACE 87 Questions with Complete Solutions

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GACE 87 Questions with Complete Solutions revolving credit a type of credit that does not have a fixed number of payments, in contrast to installment credit mutual fund a professionally managed investment fund that pools money from many investors to purchase securities certificate of deposit a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and credit union

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GACE 87 Questions with Complete Solutions

revolving credit a type of credit that does not have a fixed number of payments, in

contrast to installment credit




mutual fund a professionally managed investment fund that pools money from many

investors to purchase securities




certificate of deposit a time deposit, a financial product commonly sold in the United

States and elsewhere by banks, thrift institutions, and credit unions




liquidity In business, economics or investment,is a market's ability to purchase or sell an

asset without causing drastic change in the asset's price




population density a measurement of population per unit area or unit volume; it is a

quantity of type number density




geologic map a special-purpose map made to show geological features

, Virgina House of Burgesses the first legislative assembly of elected representatives in

North America




Virginia Company refers collectively to two joint stock companies chartered by James I

on 10 April1606 with the purposes of establishing settlements on the coast of North America




Prince Henry of Portugal Infante Henrique of Portugal, Duke of Viseu , better known as

Henry the Navigator , was an important figure in 15th-century Portuguese politics and in the

early days of the Portuguese Empire




triangular trade a historical term indicating trade among three ports or regions




Middle Passage the stage of the triangular trade in which millions of Africans were

shipped to the New World as part of the Atlantic slave trade




The Powhatan are a Native American people in Virginia




a patroon In the United States a landholder with manorial rights to large tracts of land in

the 17th century Dutch colony of New Netherland in North America

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