A Bond That Is Not Secured Is Also Known As

question 28

Multiple Choice

A bond that is not secured is also known as:

• A)A sinking fund.
• B)A mortgage.
• C)A debenture.
• D)A junk bond.

---

Definitions:

Domestic Producers

Refers to businesses and individuals that produce goods and services within a country's borders.

Tariff

A tax imposed by a government on goods and services imported from other countries to raise state revenue or to protect domestic industries.

Total Surplus

The total net gain to consumers and producers from trading in a market, represented by the sum of consumer and producer surplus.

Employment

The condition in which an individual who is capable of working is engaged in a paid job.