USBonds and Other Debt Securities Are Mostly Held By

question 77

Multiple Choice

U.S.bonds and other debt securities are mostly held by:

• A) institutional investors.
• B) households.
• C) foreign investors.
• D) state and local governments.

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Definitions:

Bearer Paper

A negotiable instrument that is payable to whoever holds or presents it for payment.

Negotiable

Capable of being discussed or modified in terms of the conditions of an agreement or contract.

Order Paper

A negotiable instrument or financial document that is payable to a specific individual or the order of a specific person.

Blank Indorsement

An endorsement on a financial instrument, such as a check, that specifies no endorsee, making it payable to the bearer.