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19. Which of the following statements concerning equipment trust certificates are correct? I. Equipment trust certificates are typically used to raise funds for purchasing airplanes

19.

Which of the following statements concerning equipment trust certificates are correct? I. Equipment trust certificates are typically used to raise funds for purchasing airplanes and railroad engines. II. Equipment trust certificates are unsecured debt. III. Equipment trust certificates are backed by the federal government. IV. Equipment trust certificates are secured debt.

I, III and IV only

I and IV only

I and III only

II and IV only

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