Erica Invests $5,000 in Five ABC Corporation Bonds That Mature

question 253

Multiple Choice

Erica invests $5,000 in five ABC Corporation bonds that mature in ten years.Unexpectedly just the week after she invests,she has the opportunity to work abroad,which she has always wanted to do,but she needs cash.Which of the following most likely applies to Erica?

• A)She can immediately sell the bonds for $5000 plus interest for the week.
• B)She is out of luck.She must keep the bonds for the full ten years.
• C)She may immediately sell the bonds but it is unclear how much money they will sell for.
• D)She will be able to sell them immediately on the primary market.

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Definitions:

Short-Term

Referring to a limited period of time, often contrasting with long-term or permanent situations.

Long-Term

Referring to an extended period of time, often implying durability or sustained attention beyond the short-term or immediate future.

Visuospatial Sketchpad

A component of the working memory that processes visual and spatial information, allowing for the manipulation of images and spatial understanding.

Executive Control System

A cognitive system responsible for the planning, initiation, sequence, and monitoring of complex goal-directed behaviors.