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AC 19- Test

Enter the letter for the matching Answer
incorrect
1.
defaulted
incorrect
2.
Secured
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3.
Savings
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4.
mutual fund
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5.
Money Market Mutual Fund
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6.
Risk
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7.
Passbook Account
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8.
Federal Deposit Insurance Corporation (FDIC)
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9.
Money Market Deposit Account
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10.
Credit Unions
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11.
Financial Institution
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12.
stockholder
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13.
common stock
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14.
stockbroker
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15.
preferred stock
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16.
portfolio diversification
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17.
Federal Reserve System (FED)
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18.
capital formation
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19.
hybrid morgage
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20.
deductible
A.
A savings account with higher interest. Easy but infrequent withdrawals
B.
form of stock with no voting privileges; has a higher claim on corporate income and assets than does common stock
C.
person who buys or sells securities for investors
D.
Dollars that become available for investors to use when others save
E.
unable to repay borrowed money
F.
has features from fixed and adjustable rate mortgages
G.
the transfer of money from households to businesses and government through investments and loans
H.
a loan that is backed up with collateral
I.
A low risk account where deposits are invested into a pool of short-term financial accounts
J.
a situation in which the outcome is not certain, but the probabilities can be estimated
K.
strategy of holding different investments to minimize risk
L.
people who own a share or shares of stock in a corporation; same as shareholders
M.
nonprofit services cooperatives that accepts deposits, makes loans and provides financial services
N.
most basic form of corporate ownership, generally with one vote per share for stockholders
O.
The U.S. government institution that provides deposit insurance on the depositor’s account
P.
company that sells shares of a portfolio of securities, e.g., stocks and bonds issued by other companies
Q.
The most common savings account. Typically a low minimum balance and used as an emergency fund
R.
Privately owned, publicly controlled, central bank of the United States
S.
A group that channels savings to investors (i.e. banks, insurance companies, savings, loan associations and credit unions)
T.
amount paid before insurance can be paid
Type the Question that corresponds to the displayed Answer.
incorrect
21.
requirement that an owner is personally and fully responsible for all losses and debts of a business; applies to proprietorships, general partnerships
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22.
The price of credit to a borrower
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23.
price for insurance that must be paid monthly, quarterly or annually
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24.
situation in which a firm legally ceases to exist when an owner dies or quits, or a new owner is added; applies to sole proprietorships and partnerships
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25.
checks paid to stockholders, usually quarterly, representing portion of corporate profits
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26.
Persons or institutions to whom money is owed
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27.
unincorporated business owned and operated by two or more people who share the profits and have unlimited liability for the debts and obligations of the firm
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28.
payment made for the use of borrowed money
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29.
certificates of ownership in a corporation; common or preferred stock
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30.
form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual,

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