QUESTION 1 A promise by the borrower to repay the amount borrowed, plus interest is referred to as: object debt bill steve QUESTION 2 A party that receives funds in exchange for a security is referred to as: acceptor Milken receiver issuer QUESTION 3 Assets that can serve as security for the bond in case of default is referred to as: collateral severed off balance sheet items blanket QUESTION 4 A debt instrument that is secured by real assets is referred to as a debenture. True False QUESTION 5 Percentage of a bond's face value that is paid in interest each year is referred to as: par value maturity value term coupon rate QUESTION 6 Amount by which a bond's value is below its face value is referred to as: bonds rendered premium discount QUESTION 7 Sensitivity of bond prices to changes in interest rates is referred to as: market risk interest rate risk duration risk inflation risk QUESTION 8 A bond quote that does not consider the accrued interest is referred to as a: the price is right clean price cash price dirty price QUESTION 9 A debt obligation of a national government is referred to as: corporate security treasury security supplemental security sovereign security QUESTION 10 Short term obligations of the US government issued to meet the temporary cash needs of the government is referred to as: Banker's acceptance cash management bills Treasury notes t bills