In a severe recession, the major source of risk faced by investors who purchase corporate bonds is

A) purchasing power risk.
B) interest rate risk.
C) liquidity risk.
D) default risk.

Answer: D

Business

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Someone acquiring a less-than-freehold estate is called a(n):

a. owner b. lender c. offeror d. tenant

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Administrative agencies such as real estate planning boards, zoning commissions, and supervisory boards operate on the ________ level

A) state B) federal C) international D) city and county

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