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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