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Commerce · Q251

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 251

Q251

A bearer bond is:

A.
an instrument evidencing a debt in the name of the holder
B.
an instrument of loan issued by scheduled commercial bank
C.
an instrument stating that the bearer thereof is entitled to receive payment of a certain sum on the maturity date as per the terms of the particular loan for which the bond is issued
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
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