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Suppose You Own $50,000 of Personal Property, $5,000 of Stock

Question 2

Multiple Choice

Suppose you own $50,000 of personal property, $5,000 of stock in General Statics Corporation, a $10,000 savings account, and $20,000 of government bonds. If General Statics goes bankrupt, the most you could lose is:


A) $50,000.
B) $5,000.
C) $35,000.
D) $85,000.

Correct Answer:

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