The University of Central Florida (UCF) wanted "to create a town center where students can live, eat, study and revel in college traditions like football." In addition, the university needed funding to build dorms that would house 2000 students. UCF was able to secure financing by promising to pay a lender a specific amount of money on specific dates. This transaction takes place in the ________ market for ________ capital. www.sptimes.com 10/14/2007
A) loan; physical
B) bond; financial
C) stock; financial
D) loan; financial

Question

Quizplus · Accepted Answer

The transaction described involves UCF promising to pay a lender specific amounts on specific dates, which is characteristic of a bond. Bonds are traded in the financial market.

The University of Central Florida (UCF) Wanted "To Create a Town