The development of new products and delivery systems and new kinds of financial

providers is best known as

$.$

$.$

$.$

a

$.$

$$Financial creativity

b

$.$

$$Financial innovation

c

$.$

$$Financial productivity

d

$.$

$$Financial development

"Ghana plans to convert an estimated

$40$

$$billion cedis

$($

$$$

$3\mathrm{.}3$

$$billion

$)$

$$of loans owed to the

Bank of Ghana into bonds" was a statement was a recent news item. The best word that

describes this action is

a

$.$

$$Collateralization

b

$.$

$$Bond issue

c

$.$

$$Securitization

d

$.$

$$None of the above

A company needs some money for a short

$-$

term period, the best financial instrument they

can use to raise such money is

a

$.$

$$Stocks

b

$.$

$$Bonds

c

$.$

$$Commercial paper

d

$.$

$$None of the above.

A company needs some money for a long

$-$

term period. The best financial instrument they

can use to raise such money is

a

$.$

$$Treasury bills

b

$.$

$$Commercial paper

c

$.$

$$Bonds

d

$.$

$$Certificate of deposit

Treasury bilis can be used by a

to raise

a

$.$

$$Government; long

$-$

term

financing

b

$.$

$$Company; long

$-$

term

c

$.$

$$Government; short

$-$

term

d

$.$

$$Company; short term