The University of Central Florida UCF) wanted ʺto create a town center where students can live, eat, study and revel in college traditions like football.ʺ In addition, the university needed funding to build dorms that would house 2000 students. UCF was able to secure financing by promising to pay a lender a specific amount of money on specific dates. This transaction takes place in the
Market for capital.
A) loan; financial.
B) bond; financial
C) stock; financial
D) loan; physical

Question

Quizplus · Accepted Answer

UCF secured financing by promising to pay a lender specific amounts on specific dates, which is characteristic of a bond transaction in the financial market.

The University of Central Florida UCF) Wanted ʺTo Create a Town