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    Principles of Economics Study Set 11
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    Exam 23: Financial Markets and Securities
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    The Risk That the Borrower Will Not Pay the Face
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The Risk That the Borrower Will Not Pay the Face

Question 164

Question 164

Multiple Choice

The risk that the borrower will not pay the face value of a bond on the maturity date is called the ________ risk.


A) default
B) maturity
C) timing
D) full-pay
E) par value

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