A Primary Asset Is Defined as

Multiple Choice

A primary asset is defined as

A) Any financial security that is backed by the full faith and credit of the government
B) A long-term tangible item owned by a corporation and used as collateral for a bond issue
C) Any financial security that is traded on one or more of the security exchanges within Canada and issued by a Canadian corporation
D) A security issued by an individual with a maturity of one year or less
E) A security originally sold by a business or government to raise money that represents a claim on the issuer's asset