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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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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.
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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