Which of the Following Financial Assets Might Be Least Likely

question 33

Multiple Choice

Which of the following financial assets might be least likely to have an active secondary market?

• A)Common stock of a large firm
• B)Bank loans made to smaller firms
• C)Bonds of a major, multinational corporation
• D)Debt issued by the United States Treasury

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Definitions:

AICPA

The American Institute of Certified Public Accountants, a professional organization for Certified Public Accountants (CPAs) in the United States.

Shares Of Stock

Shares of stock represent units of ownership interest in a corporation, giving shareholders a portion of the company's profits and assets.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, and it has its own rights and liabilities distinct from those of its owners.

Federal Statutes

Laws enacted by the federal government of a country.