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CTP · Question #47
CTP Question #47: Real Exam Question with Answer & Explanation
The correct answer is A. sinking fund. See the full explanation below for the reasoning.
Question
- (Topic 1) An arrangement in which a borrower makes periodic payments to a separate custodial account that is used to repay debt is known as a:
Options
- Asinking fund
- Bballoon payment
- Cmortgage
- Dzero-coupon bond
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