Which of the Following Statements Is FALSE

question 10

Multiple Choice

Which of the following statements is FALSE?

• A)The registered bond system also facilitates tax collection because the government can easily keep track of all interest payments made.
• B)Asset-backed bonds and mortgage bonds are secured debt: Specific assets are pledged as collateral that bondholders have a direct claim to in the event of bankruptcy.
• C)Notes typically have longer maturities (more than ten years)than debentures.
• D)Although the word "bond" is commonly used to mean any kind of debt security,technically a corporate bond must be secured.

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Definitions:

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The drive that propels individuals to strive for success, mastery, and to overcome obstacles.

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The skill to avoid succumbing to immediate pleasure, opting instead for a delayed but potentially greater reward.

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A traditional beverage in some Asian cultures, made by infusing whole snakes in rice wine or grain alcohol, believed to have healing properties.

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