Multiple Choice
In 2017, Tim's Gyms finances the building of a new gym.Tim secures this financing from a bank, and the bank receives ownership if Tim fails to make payments.This source of funds is
A) a bond issued in the bond market.
B) a stock issued in the bond market.
C) a mortgage obtained in the loan market.
D) a mortgage obtained in the stock market.
E) a stock issued in the loan market.
Correct Answer:
Verified
Correct Answer:
Verified
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