What Type of Collateral Must Be Perfected Through Possession

question 46

Multiple Choice

What type of collateral must be perfected through possession?

• A)Certificates of deposit
• B)Stocks
• C)Bonds
• D)Certificates of deposit,stocks,and bonds
• E)No types of collateral must be perfected through possession

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Definitions:

Decision Making

Refers to the process involved in choosing among different options or actions, often involving considerations of risk and reward.

Speed

The rate at which something moves or operates, or the capacity of something to move quickly.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Automatic Evaluation

An immediate, unconscious assessment of something as good or bad, often based on ingrained beliefs or feelings.