A ________ Represents a Long-Term Debt Obligation Issued by a Corporation

question 109

Multiple Choice

A ________ represents a long-term debt obligation issued by a corporation or a government.

• A) share of stock
• B) commercial note
• C) certificate of deposit
• D) bond

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Definitions:

Yamasee War

A conflict between British settlers of South Carolina and various Native American tribes, including the Yamasee, during 1715-1717.

Salutary Neglect

A British colonial policy during the early 18th century that allowed the American colonies to flourish by ignoring British trade laws, fostering an independent spirit among colonists.

Louisiana

A state in the southern region of the United States, known for its distinctive culture, history, and geographic significance, including the Mississippi River and bayous.

Smugglers

Individuals or groups who illegally transport goods across borders to avoid taxes or import/export restrictions.