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Unformatted text preview: Diversification problem
C. Liquidity problem
D. Solvency problem
E. Regulatory problem
5. In 2009, ____________ was the most significant liability of U.S. households in terms
of total value.
A. Credit cards
C. Bank loans
D. Student loans
E. Other debt 6. In 2009, ____________ was the most significant financial asset of U.S. commercial
banks in terms of total value.
A. Loans and leases
C. Real estate
E. Investment securities
7. A debt security pays ____________.
A. A fixed level of income for the life of the owner
B. A variable level of income for owners on a fixed income
C. A fixed or variable income stream at the option of the owner
D. A fixed stream of income or a stream of income that is determined according to a
specified formula for the life of the security
E. A riskless return that is fixed for life
8. ________ specialize in helping companies raise capital by selling securities.
A. Commercial bankers
B. Investment bankers
C. Investment issuers
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This note was uploaded on 04/11/2013 for the course ECON 1710 taught by Professor Qiu during the Fall '10 term at Brown.
- Fall '10