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After Jeff Is Expelled from School for Missing Too Many

question 236

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After Jeff is expelled from school for missing too many classes, he seeks help from a therapist. The therapist develops a contract that specifies that if Jeff attends all his classes, he will be allowed certain privileges at home; but if he cuts classes he will be subject to certain penalties. Jeff's therapist is probably a ________ therapist.


Definitions:

Secured Bonds

Bonds that are backed by specific collateral that must be forfeited in the event that the issuing firm defaults.

Junk Bonds

High-yield, high-risk securities issued by corporations or municipalities considered to be at greater risk of default.

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