Correct Answer all the securities intermediaries and markets that exist to

Correct answer all the securities intermediaries and

This preview shows page 6 - 7 out of 7 pages.

Correct Answer: all the securities, intermediaries, and markets that exist to match savers and borrowers. Question 24 1 out of 1 points The market in which a security is sold from one investor to another is known as Selected Answer: the secondary market. Correct Answer: the secondary market. Question 25 1 out of 1 points A place or a mechanism by which borrowers, savers, and financial intermediaries trade is known as Selected Answer: a financial market. Correct Answer: a financial market. Question 26 1 out of 1 points When a household borrows to buy a home, the resulting security is known as Selected Answer: mortgage debt. Correct Answer: mortgage debt. Question 27 1 out of 1 points A contract whereby a borrower, who seeks to obtain money from someone, promises to compensate the lender in the future is known as Selected Answer: a financial security. Correct Answer: a financial security.
Image of page 6
Question 28 1 out of 1 points All the securities, intermediaries, and markets that exist to match savers and borrowers are called Selected Answer: the financial system. Correct Answer: the financial system. Question 29 1 out of 1 points Direct finance occurs when Selected Answer: savers buy securities directly from borrowers. Correct Answer: savers buy securities directly from borrowers. Question 30 1 out of 1 points Maturity is Selected Answer: the length of time until borrowed funds are repaid. Correct Answer: the length of time until borrowed funds are repaid.
Image of page 7

You've reached the end of your free preview.

Want to read all 7 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture