CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Unsecured debt means that ______

A. the creditor can be called upon to make promises to do certain things.
B. there is no form of collateral which is pledged to secure repayment of the debt.
C. the debtor can be called upon to make promises to do certain things.
Correct Answer: B

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