Which Is NOT True of English Cathedrals

question 34

Multiple Choice

Which is NOT true of English cathedrals?

• A) They are set in a cathedral close.
• B) They sometimes have cloisters.
• C) They have greater need for external buttressing than French ones.
• D) They are usually situated in the midst of a city.

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Definitions:

Unfunded Bond

A bond issued without a specific reserve fund set aside for its repayment, relying solely on the issuer's general creditworthiness.

Callable Bond

A callable bond is a type of bond that gives the issuer the right to pay off the bond before its scheduled maturity date at a predefined call price.

Debenture

A type of debt instrument that is not secured by physical assets or collateral.

Subordinated Bond

A type of bond that has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy.