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    Contemporary Business Study Set 1
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    Exam 16: The Financial System
  5. Question
    Tom Just Bought a Bond from United Pet Group
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Tom Just Bought a Bond from United Pet Group

Question 34

Question 34

Multiple Choice

Tom just bought a bond from United Pet Group.This bond is only backed by the financial reputation of the company.What type of bond did Tom buy?


A) Debenture
B) Secured bond
C) Certificate of deposit
D) Commercial paper

Correct Answer:

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