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  3. Study Set
    Money the Financial System
  4. Exam
    Exam 3: Overview of the Financial System
  5. Question
    Promises Given by Borrowers to Lenders Are
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Promises Given by Borrowers to Lenders Are

Question 26

Question 26

Multiple Choice

Promises given by borrowers to lenders are


A) recognized as legally enforceable only in some states.
B) not subject to federal taxation.
C) assets to the lenders.
D) liabilities to the lenders.

Correct Answer:

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