Pledging property as security for a loan without losing possession of it is called

A. Hypothecation
B. Purchase Money Mortgage
C. An impound account
D. A subordination clause

Answer: A. Hypothecation

Business

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Held-to-maturity investments are normally reported at ________

A) current market value B) average cost C) amortized cost D) historical cost

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According to a major study of more than 1,000 commercials, the single most important factor in whether a commercial will be persuasive is whether the communication ________

A) stresses a unique attribute of benefit of the product B) employs a sexual symbol or suggestion C) provides specific price information D) features a credible spokesperson

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