Which term denotes a written promise?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Master PTE English Vocabulary. Prepare with interactive flashcards and challenging questions. Each question offers hints and explanations. Ace your PTE exam!

Multiple Choice

Which term denotes a written promise?

Explanation:
A written promise to repay a debt is captured by the term bond. In finance, a bond is a debt instrument issued by governments or companies that embodies a formal, written obligation to repay the principal amount on a set date and to make periodic interest payments. That explicit promise to repay distinguishes a bond from the other words listed: buffet refers to a self-serve meal setup, bulk means a large quantity, and bureaucracy denotes an administrative system. Because bonds specifically embody the written commitment to repay money, it is the correct choice.

A written promise to repay a debt is captured by the term bond. In finance, a bond is a debt instrument issued by governments or companies that embodies a formal, written obligation to repay the principal amount on a set date and to make periodic interest payments. That explicit promise to repay distinguishes a bond from the other words listed: buffet refers to a self-serve meal setup, bulk means a large quantity, and bureaucracy denotes an administrative system. Because bonds specifically embody the written commitment to repay money, it is the correct choice.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy