A Type of Bond That Is Unsecured and Gives Bondholders

question 71

Multiple Choice

A type of bond that is unsecured and gives bondholders a claim secondary to that of other designated bondholders, with respect to both income and assets is called a(n) :

• A)debenture bond.
• B)mortgage bond.
• C)preemptive bond.
• D)subordinated debenture.
• E)treasury bond.

---

Definitions:

Output Cost

The total expenses incurred in the production of goods or services, including both variable and fixed costs.

Average Cost

The total cost of production divided by the quantity produced, indicating the cost of producing each unit of output.

Equilibrium Population

It is the size of a population at which the number of births equals the number of deaths, resulting in a stable population level over time.

Production Function

An equation that describes the maximum output achievable with a given set of inputs or resources.