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Which of the following is a true statement?
Implied Powers
Powers not explicitly stated in laws or constitutions but are assumed to exist in order for a government or entity to fulfill its duties and functions.
Charitable Contributions
Donations made to non-profit organizations, often tax-deductible, intended for charitable purposes.
Callable Bonds
Callable bonds are types of debt security where the issuer retains the right to repay the bond's principal before its maturity date, usually at a defined call price.
Secured Transactions
Secured transactions involve agreements where a borrower pledges collateral to secure a loan, giving the lender rights to the collateral in case of default.
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