QUESTION Select the proper term for each statement Bond, stock, bank deposit and loan a. A promise to pay issued by a borrower with annual interest payments and a principal payment at maturity. b. a share of ownership in a company. c. funds that are kept in a bank that must be relinquished upon the owner's request. d. an agreement between a lender and a borrower.
QUESTION Select the proper term for each statement Bond, stock, bank deposit and loan a. A promise to pay issued by a borrower with annual interest payments and a principal payment at maturity. b. a share of ownership in a company. c. funds that are kept in a bank that must be relinquished upon the owner's request. d. an agreement between a lender and a borrower.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section: Chapter Questions
Problem 3AA
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Question
Transcribed Image Text:QUESTION
Select the proper term for each statement
Bond, stock, bank deposit and loan
a. A promise to pay issued by a borrower
with annual interest payments and a
principal payment at maturity.
b. a share of ownership in a company.
c. funds that are kept in a bank that must be
relinquished upon the owner's request.
d. an agreement between a lender and a
borrower.
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