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    Exam 2: The Financial System and the Economy
  5. Question
    The Situation When the Issuer of a Security Fails to Make
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The Situation When the Issuer of a Security Fails to Make

Question 48

Question 48

Multiple Choice

The situation when the issuer of a security fails to make the payment promised is referred to as


A) default.
B) deviation.
C) failure.
D) defect.

Correct Answer:

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