Which of the following statements is incorrect? Stocks are securities but bonds are not. O 'Securitized' financial assets can be traded in financial markets. O A mortgage-backed security into which individual home mortgage loans are bundled is a tradable financial asset.
Which of the following statements is incorrect? Stocks are securities but bonds are not. O 'Securitized' financial assets can be traded in financial markets. O A mortgage-backed security into which individual home mortgage loans are bundled is a tradable financial asset.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Transcribed Image Text:Which of the following statements is incorrect?
O Stocks are securities but bonds are not.
O 'Securitized' financial assets can be traded in financial markets.
O A mortgage-backed security into which individual home
mortgage loans are bundled is a tradable financial asset.
O A checking account
financial markets.
a financial asset that is not tradable in
Ouoction 8 (1 noint)
Expert Solution

Step 1
Security is an ownership or debt that has value and might be purchased and sold. It is a fiscal mechanism, normally some financial asset that can be traded.
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