Debt Contracts (Also Called Instruments) Issued by Government and Corporations

question 341

Multiple Choice

Debt contracts (also called instruments) issued by government and corporations are known as

• A) bonds.
• B) stocks.
• C) real assets.
• D) federally insured deposits.

---

Definitions:

Bank Service Charge

A fee charged by a bank to a customer for account maintenance or other banking services.

NSF

An acronym for Non-Sufficient Funds, referring to a situation where a bank account does not have enough money to cover a presented check or withdrawal.

Monthly Service Charge

A fee charged by a financial institution or service provider on a monthly basis for the maintenance of an account or provision of a particular service.

Bank Reconciliation

The process of comparing and adjusting the bank statement balance with the book balance of a company to account for differences.