Securities are---for the person who buys them, but are --- for the individual or firm that issues them
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Card 7
Front
When an investment bank---securities, it guarantees a price for a corporation's securities and then sells them to the public
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Card 8
Front
Secondary markets make financial instruments more
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Card 9
Front
A debt instrument sold by a bank to its depositors that pays annual interest of a given amount and at maturity pays back the original purchase price is called
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Card 10
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A liquid asset is
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Card 11
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A financial market in which only short-term debt instruments are traded is called the --- market
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Card 12
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A debt instrument sold by a bank to its depositors that pays annual interest of a given amount and at maturity pays back the original purchase is called
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Card 13
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A short-term debt instrument issued by well-knows corporations is called
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Card 14
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The primary liabilities of depository institutions are
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Card 15
Front
---- institutions are financial intermediaries that acquire funds at periodic intervals on a contractual basis
