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When a Borrower Issues a Debt Instrument to a Lender

Question 64

Multiple Choice

When a borrower issues a debt instrument to a lender,


A) the lender may receive less than the amount promised, but will not receive more.
B) the lender may receive more than the amount promised, but will not receive less.
C) the lender will always receive exactly the amount promised.
D) the lender may receive more than the amount promised or may receive less than the amount promised.

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