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:

WAIS

The Wechsler Adult Intelligence Scale, a widely used test designed to measure a person's cognitive ability or intelligence.

SAT Reasoning Test

A standardized test widely used for college admissions in the United States, assessing reading, writing, and math skills.

Stanford-Binet

The widely used American revision (by Terman at Stanford University) of Binet’s original intelligence test.

Mental Age

A measure of intelligence test performance devised by Binet; the chronological age that most typically corresponds to a given level of performance. Thus, a child who does as well as the average 8-year-old is said to have a mental age of 8.