Capital Projects, Inc

question 58

Multiple Choice

Capital Projects, Inc., files a financing statement to provide notice of its security interest in the property of Data Network Corporation. The initial effective term of a financing statement is a period of​

• A) ​five days.
• B) ​five months.
• C) ​five weeks.
• D) ​five years.

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Definitions:

Currency

Currency is a system of money in general use in a particular country, facilitating the exchange of goods and services.

Coins

Metallic forms of money that are legally authorized by a government, typically used as a medium of exchange for goods and services.

Liquid Investments

Investments that can be easily converted into cash without significantly affecting their market price.

Internal Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.