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Figure 33-1.
-Refer to Figure 33-1.If the economy starts at Y,then a recession occurs at
Debt Securities
Debt securities are financial instruments representing a loan made by an investor to a borrower, typically offering regular interest payments and the return of principal at maturity.
Stock Securities
Financial instruments that represent ownership shares in a corporation, entitling the holder to a portion of its assets and earnings.
Available-For-Sale Securities
Financial assets that are neither held for trading purposes nor intended to be held to maturity, which can be sold in the short-term.
Trading Securities
Financial instruments bought and held primarily for selling them in the near term to profit from short-term price fluctuations.
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