Which of the Following Statements Is NOT Correct

question 33

Multiple Choice

Which of the following statements is NOT correct?

• A)Owners of financial claims can sell them in the primary market.
• B)Deficit spending units raise funds by issuing financial claims in the primary market.
• C)Owners of financial claims can sell them in the secondary market before maturity date.
• D)A financial claim has one issuer but possibly successive owners through the secondary market.

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Definitions:

Pennsylvania

A state located in the northeastern part of the United States, known for its historical significance in the founding of the country.

Walking Purchase

A controversial 1737 land deal in which the Penn family and colonists claimed a large area of land in Pennsylvania through a fraudulent walking survey.

Indians

Indians refers to the indigenous peoples of the Indian subcontinent, or in a historical American context, Native Americans, the original inhabitants of the Americas prior to European colonization.

Pennsylvania

A state located in the northeastern region of the United States, known for its rich history, including being one of the original 13 colonies.