Solved

Match Each of the Following Items with the Appropriate Situation

Question 307

Matching

Match each of the following items with the appropriate situation below

Premises:
Team Shirts issued bonds that are backed by the credit rating of Team Shirts.
Team Shirts sells bonds backed by the value of its printing machines.
Team Shirts issued bonds that mature in 2015.
Team Shirts issued bonds that mature in 2011,2012,2013,and 2014.
Responses:
serial bonds
secured bonds
unsecured bonds
term bonds

Correct Answer:

Team Shirts issued bonds that are backed by the credit rating of Team Shirts.
Team Shirts sells bonds backed by the value of its printing machines.
Team Shirts issued bonds that mature in 2015.
Team Shirts issued bonds that mature in 2011,2012,2013,and 2014.
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