A form of short-term borrowing by dealers in government securities is (are)

		brokers' calls.
		repurchase agreements (Repos).
		reserve requirements.
		bankers' acceptances.
		commercial paper.

The material wealth of a society is a function of

		all financial and real assets.
		all physical assets.
		all real assets.
		all financial assets.

The interest rate charged by banks with excess reserves at a Federal Reserve Bank to banks needing overnight loans to meet reserve requirements is called the

		discount rate.
		federal funds rate.
		money market rate.
		prime rate.
		call money rate.

Which of the following allows tax exemptions?

		Federal funds
		Municipal Bonds
		Eurodollars
		Repos
		International Bonds

An agency bond is issued by?

		U.S. Government
		foreign frms
		government agencies
		corporations

In the event of the firm's bankruptcy,

		the most shareholders can lose is their original investment in the firm's stock.
		bondholders have claim to what is left from the liquidation of the firm's assets after paying the shareholders.
		common shareholders are the first in line to receive their claims on the firm's assets.
		the claims of preferred shareholders are honored before those of the common shareholders.
		the most shareholders can lose is their original investment in the firm's stock and the claims of preferred shareholders are honored before those of the common shareholders.

A debt security pays

		a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
		a variable level of income for owners on a fixed income.
		a fixed or variable income stream at the option of the owner.
		a fixed level of income for the life of the owner.