With Regard to Future Goods

question 52

Multiple Choice

With regard to future goods:

• A) no security interest is possible.
• B) a financing statement must be filed to create a security interest.
• C) the security interest does not attach until the buyer has rights in the goods.
• D) a security interest may be held only by a bank.

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Definitions:

TIPS Bond

Treasury Inflation-Protected Securities, a type of U.S. treasury bond that is indexed to inflation to protect investors from the negative effects of rising prices.

Nominal Rate of Return

The yield from an investment prior to considering inflation adjustments.

Treasury Bond

A long-term, fixed-interest government security with a maturity of more than ten years, considered a safe investment.

Bid

The price a buyer is willing to pay for a security or asset.