13. A pension that pays a fixed return based on the number of years worked is best described as a a. Defined contribution pension fund b. Defined payment pension fund Defined benefit pension fund d. Defined allowance pension fund 14. A loan made by a bank to an individual is a(n): a. Liability for the borrower b. Liability for the bank C. Asset for the borrower d. Liability for the depositor 15. The possibility that the issuing company may not be able to make payments on the bond is an example of: (a. Default risk. . Maturity risk. c. Liquidity risk. d. Cash risk. 16. A bond issued by the US government is called a: a. Municipal Bond b. Corporate Bond c. Federal Bond @ Treasury Bond 17. Which of the following is a characteristic of a secondary market for common stock? a. Only low-priced shares are traded in these markets. b. Only high-risk shares are traded in these markets. c. Secondary markets are where corporations raise funds. d. Secondary markets are resale markets that do not provide funds for corporations whos traded