Which of the Following Statements Is False

question 40

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:

Domestic Output

The total value of all goods and services produced within a country's borders over a specified period of time.

Emigration

The act of leaving one's own country to settle permanently in another, moving abroad.

Business Income

Revenue generated from the sale of goods or services related to the company's primary operations.

Immigration

Immigration is the action of coming to live permanently in a foreign country.