Multiply Write Your Answer in Lowest Terms $\frac { 3 } { 4 } \cdot \frac { 1 } { 6 }$

question 402

Multiple Choice

Multiply. Write your answer in lowest terms.
- $\frac { 3 } { 4 } \cdot \frac { 1 } { 6 }$

• A) \(\frac { 1 } { 8 }\)
• B) \(\frac { 1 } { 2 }\)
• C) \(\frac { 2 } { 9 }\)
• D) \(\frac { 7 } { 48 }\)

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Definitions:

Perfection

In the context of secured transactions, the legal process by which a secured party establishes the priority of its security interest against third parties.

Financing Statement

A document filed to give public notice of a secured creditor's interest in the property of a debtor, usually used in securing personal property transactions.

Secured Party

A lender or investor who has a legal right or interest in collateral pledged by a borrower to secure repayment of a loan.

Revised Article 9

An update to the Uniform Commercial Code that deals with secured transactions, outlining the rules regarding the granting of a security interest in personal property.