A Corporate Bond Backed Only by a Company's Promise to Pay

question 47

Multiple Choice

A corporate bond backed only by a company's promise to pay is called a ________.

• A)debenture bond
• B)secured bond
• C)convertible bond
• D)promissory bond

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Definitions:

Marginal Utility

The boost in satisfaction or usefulness experienced by someone when they consume another unit of a good or service.

Spending

The process of spending money to buy goods or services.

Income

The amount of money received over a period of time through work, business, investments, or other sources.

Goods

Tangible items that satisfy human wants or needs and are available for purchase.