check to see if these anwsers are correct and on the drop down questions the bottom drop that shows 4 choices are the choices for those three questions if the other two I have selected is wrong tell me.

Please anwser all questions and igonore the ones i HAVE selected,

7. More on types of bonds Aa Aa You can distinguish the various types of bonds by their terms of contract, pledge of collateral, and so on. Identify the type of bond based on each description given in the table that follows: Type of Bond Subordinated debentures Description These bonds have a claim on assets only after senior debt has been paid in full These bonds are backed by real estate holdings and equipment, and if a company goes bankrupt, the collateral can be sold off to compensate for the default. These bonds, more so than other collateralized securities, have prior claims over assets These bonds are not backed by any physical collateral. They are backed by the reputation and creditworthiness of the issuing company Debentures Debentures Junior mortgage bonds Subordinated debentures Senior mortgage bonds Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true? O U.S. government bonds usually have the lowest yields in the bond markets BBB bonds usually have the lowest yields in the bond markets In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2006 led to a massive decline in real estate prices, affecting consumers and institutions, especially banking and financial entities. Severe liquidity shortfalls in the United States as well as other global markets led to a serious credit crisis. During the credit crisis of 2008-2009, several banks and other businesses went through a reorganization process or were forced to liquidate. Consider the following example In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged from the bankruptcy protection by July 2009, after it received funding from the U.S. government, the Canadian government, United Automobile Workers Union, and GM bondholders Source: Farfan, Barbara. "General Motors Chapter 11 Bankruptcy Overview and Details." About.com, Retail Industry. About.com, n.d Web. August 31, 2010. http://retailindustry.about.com/od/americanretailhistory/a/GM_chapter_11_bankruptcy_details.htm. This is an example of: Reorganization Liquidation