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True or False: Debt is money provided in exchange for the owner's word (sometimes backed up by tangible assets as collateral us well as the

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True or False: Debt is money provided in exchange for the owner's word (sometimes backed up by tangible assets as collateral us well as the personal guarantees of the owner) that the original investment plus interest at a predetermined fixed or variable rate will be repaid in its entirety over a set period of time. True False

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