Does the Fact That the Financing Statement Was Filed Four

question 59

Multiple Choice

Does the fact that the financing statement was filed four years ago affect the bank's claim?

• A)No,under the UCC,a financing statement is valid indefinitely.
• B)No,under the UCC,a financing statement is valid for five years.
• C)Yes,under the UCC,a financing statement is valid for three years and can be automatically renewed for two year increments.
• D)Yes,under the UCC,a financing statement is valid for two years.
• E)Yes,under the UCC,a financing statement is valid for three years.

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Definitions:

Monetary Growth

The increase in the overall money supply within an economy, which can influence inflation and economic growth.

Fight Inflation

Various strategies and policies employed by governments and central banks to control the rate of increase in prices, aiming to maintain economic stability.

Quantity Theory

A theory in economics that links the price levels and monetary supply, suggesting that changes in the money supply will directly affect price levels over the long term.

Inflationary Recessions

Economic scenarios characterized by stagnant growth and increasing prices, marking simultaneous occurrences of recession and inflation.