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7. Fill in the blanks a) A (also called a financial instrument) is a claim on the issuer's future income or assets. b) A. is
7. Fill in the blanks a) A (also called a financial instrument) is a claim on the issuer's future income or assets. b) A. is a debt security that promises to make payments periodically for a specified a period of time. The bond market is especially important to economic activity because it enables corporations or governments to borrow to finance their activities c) On a personal level, interest rates could deter you from buying a house or a car because th cost of financing it would be high. d) are financial institutions that accept deposits and make loans. These are financial intermediaries that the average person interacts with most frequently. .is a financial market in which only short-term debt instruments (generally those with original maturity of less than one year) are traded. e) The
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