Which of the Following Statements Is FALSE

question 81

Multiple Choice

Which of the following statements is FALSE?

• A)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.
• B)The registered bond system also facilitates tax collection because the government can easily keep track of all interest payments made.
• C)Although the word 'bond' is commonly used to mean any kind of debt security; technically, a corporate bond must be secured.
• D)Notes typically have longer maturities (more than 10 years)than debentures.

---

Definitions:

Preoperationalism

A stage in child cognitive development where children from about 2 to 7 years old engage in symbolic play and struggle with logic and taking the perspective of others.

Concrete Operational

A stage in Piaget's theory of cognitive development during which children gain the abilities of logical thought about concrete events, understanding the concepts of conservation, and the ability to classify and serial order.

Preoperational

A stage in Jean Piaget’s theory of cognitive development during which children from about 2 to 7 years old develop memory and imagination, but are not yet able to perform operations (logical reasoning tasks).

Sensorimotor

A developmental stage in early childhood where learning occurs through interacting with the environment using basic motor and sensory skills.