CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Which of the following U.S. bonds are secured only by the reputation of the issuing firm?
A. Debenture bonds
B. Bearer bonds
C. Unfunded bonds
Explanation: In the U.S. debentures are unsecured bonds with no collateral backing assigned to the bondholder.

User Contributed Comments 3

User Comment
yoshikoto How are CPs different from debentures?
poomie83 Debentures are unsecured bonds
sm200 @yoshikoto CPs are promissory notes and debentures are similar to bonds
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