Just like clockwork, Mr. and Mrs. Clark, an elderly retired couple, walk in the bank every year on November 1 to clip coupons from their bonds. What kind of bonds are these?
A) Registered
B) Secured
C) Callable
D) Bearer
E) Retirement

Question

Quizplus · Accepted Answer

Bearer bonds are the type of bonds that require physical possession for coupon collection, which is why Mr. and Mrs. Clark would need to physically go to the bank to clip coupons from them. Unlike registered bonds, which are tracked and paid out to the registered owner electronically, bearer bonds have coupons that must be presented to receive interest payments.

Just Like Clockwork, Mr