BUS 508 CHAPTER 16 QUIZ
BUS 508 CHAPTER 16 QUIZ
1.
________ is the
difference between what you own and what you owe.
2.
A ________ is a
collection of financial markets in which previously issued securities are
traded among investors.
3.
Today, many
consumers do some or all of their banking on the Internet.
4.
Markets in which
securities are issued and traded are called ________.
5.
________ are
bonds are stock companies may issue bonds or preferred stock that contains a
conversion feature.
6.
One of the
original forms of electronic banking is the ________.
7.
Corporations and
governments are not willing to pay for the services provided by financial
institutions because they are financial market experts.
8.
A ________ is a
bond whose proceeds are to be used to pay for a project that will not produce
any revenue.
9.
Most commercial
bank deposits are insured by the ________.
10.
________ are
creditors of a corporation or government body.
11.
Securities are
sold to the investing public in two ways:
12.
________ are
bonds issued by state or local governments.
13.
In the ________,
firms and governments issue securities and sell them initially to the general
public.
14.
The insurance
company accepts the risk in return for a series of payments called ________.
15.
When evaluating
loan applications, banks consider the borrower’s ability and willingness to
repay the loan.
16.
________ are
cooperative financial institutions that are owned by their depositors, all of
whom are members.
17.
The world’s
second-largest stock market is the ________.
18.
The ________ is
the most international of all stock markets.
19.
Two factors
determine the price of the bond: its risk and its interest rate.
20.
Savings banks
used to be called savings and loan associations or ________.
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