A Security Is

Multiple Choice

A security is

A) a private firm that accepts deposits and extends loans.
B) when savers deposit funds into banks,which then loan these funds to borrowers.
C) the date on which a loan repayment is due.
D) a tradable contract that entitles its owner to certain rights.
E) the risk that a borrower will not pay the face value of a bond on the maturity date.