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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