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:

Contamination

The presence of unwanted substances or pollutants in the environment or in a material, often causing harm or decreasing quality.

Stratification

The layering or division of society into classes, or the layering of sediments or particles in geological formations.

Surface Freshwater

Bodies of water found on the Earth's surface, such as rivers and lakes, that contain low concentrations of salt.

Great Lakes

A group of five large freshwater lakes located on the border between the United States and Canada, known for being the largest group of freshwater lakes by surface area in the world.