What is called that debt obligation backed strictly by the borrower's integrity ?
Correct answer: A. Debenture
- A. Debenture
- B. Securities
- C. Credit rating
- D. None of them
Explanation
A debenture is generally an unsecured debt instrument, so repayment rests on the issuer’s creditworthiness and integrity rather than on specifically pledged collateral. Securities is a broader category that includes many instruments.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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