In 2011, Tim's Gyms Needs to Finance the Building of a New

question 89

Multiple Choice

In 2011, Tim's Gyms needs to finance the building of a new gym. Suppose Tim secures this financing from a bank, and the bank receives ownership if Tim fails to make payments. This type of funding is

• A)a mortgage obtained in the loan market.
• B)a stock issued in the bond market.
• C)a bond issued in the bond market.
• D)a mortgage obtained in the stock market.
• E)a stock issued in the loan market.

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Definitions:

Complex Civilizations

Societies with highly developed cultural, political, and economic systems, characterized by urban development, social stratification, and forms of government.

Accumulating Wealth

The process of amassing resources or assets of value over time, typically for the purpose of securing financial stability or achieving economic power.

Algonquians

A group of Native American peoples speaking Algonquian languages, widespread across North America, particularly in the northeastern region.

Settled Agriculture

The practice of cultivating the land and raising crops on a continual basis, a key development in human history that led to the growth of civilizations.