Which Two of the Following Are the Largest Categories of Fixed-Income

question 96

Multiple Choice

Which two of the following are the largest categories of fixed-income securities in the U.S.?
I. U.S. government debt
II. corporate debt
III. municipal government debt
IV. real estate mortgage debt

• A)I and II only
• B)I and III only
• C)III and IV only
• D)I and IV only
• E)II and IV only

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Definitions:

Merchantable

A quality of goods being fit for the purpose for which such goods are ordinarily used, a requirement for sales under many commercial laws.

Trade or Market

generally refers to a specific area or industry where goods and services are bought and sold.

Fit for Particular Purpose(s)

A legal concept that implies a sold item is suitable for the specific use intended by the buyer, which the seller is aware of.

Adequately Contained

A condition in which something is sufficiently controlled or held to prevent harm or spread.