Metro Motors Files a Financing Statement Giving Notice to the Public

question 50

Multiple Choice

Metro Motors files a financing statement giving notice to the public that it has a secured interest in collateral belonging to Nate's Limousine Service, which is the debtor named in the statement. A uniform financing statement used in all states is​

• A) ​the UCC Financing Statement.
• B) ​the UCC Collateral Form.
• C) ​Form UCC-2.
• D) ​none of the choices.

---

Definitions:

Yield To Maturity

The total expected return on a bond if it is held until the date it matures.

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.

Selling

The process of persuading a customer to buy a product or service.