Which of the Following Is NOT True Regarding Methods of Perfection

question 11

Multiple Choice

Which of the following is NOT true regarding methods of perfection?

• A) A security interest in a deposit account may be perfected only by taking control of the collateral.
• B) A security interest in a letter-of-credit right may be perfected only by taking control of the collateral.
• C) A security interest in money may be perfected either through possession or through filing a financing statement.
• D) For a limited period,a purchase-money security interest in consumer goods is automatically perfected.

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Definitions:

Difference Threshold

The minimum difference in stimulation that a person can detect 50 percent of the time.

Relative Magnitude

The comparison of the size, extent, or importance of something in relation to another.

Difference Threshold

The least variation in stimulation that an individual is able to recognize 50% of the occasions, commonly termed as the just noticeable difference (JND).

Marginal Intensity

Marginal intensity refers to the change in the level of intensity or satisfaction gained from consuming an additional unit of a resource or performing an additional unit of activity.