Which of the following is true of secondary securities? a) They include equities, bonds, and other debt claims b) They are backed by the real assets of corporations issuing them c) They are securities that back primary securities d) They are securities issued by FIs

Which of the following is true of secondary securities? a) They include equities, bonds, and other debt claims b) They are backed by the real assets of corporations issuing them c) They are securities that back primary securities d) They are securities issued by FIs

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 5LO

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Question

6. Which of the following is true of secondary securities?

a) They include equities, bonds, and other debt claims
b) They are backed by the real assets of corporations issuing them

c) They are securities that back primary securities
d) They are securities issued by FIs

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