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    Macroeconomics Study Set 20
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    Exam 24: Stocks,bonds,futures,and Options
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    An IOU That Promises to Pay a Certain Amount at Maturity,and
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An IOU That Promises to Pay a Certain Amount at Maturity,and

Question 55

Question 55

Multiple Choice

An IOU that promises to pay a certain amount at maturity,and also to pay periodic fixed amounts until that date,is called a(n)


A) stock.
B) equity.
C) bond.
D) futures contract.

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