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A bond is a A. Ownership share in a private company. B. Promise to repay borrowed funds. C. Certification that a bank has met the Fed's reserve requirement. D. License to u…

A bond is a A. Ownership share in a private company. B. Promise to repay borrowed funds. C. Certification that a bank has met the Fed's reserve requirement. D. License to u…
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A bond is a

A. Ownership share in a private company.
B. Promise to repay borrowed funds.
C. Certification that a bank has met the Fed's reserve requirement.
D. License to use the Fed's discount window.

User LakshmiNarayanan
by
8.1k points

1 Answer

1 vote
A bond is a b) promise to repay borrowed funds.
User FiddlingAway
by
8.2k points
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