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FINRA Series 6

Category - Series 6

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A long-term, unsecured bond issued by a corporation is called:

a debenture.
a general obligation bond.
commercial paper.
an industrial revenue bond.

Explanation

Answer: A - A long-term, unsecured bond issued by a corporation is called a debenture. Commercial paper is short-term debt of a corporation, and general obligation and industrial revenue bonds are issued by state and local governments.

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FINRA Series 6

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