Financial Institutions Whose Liabilities Specify That,in Return for the Payment

question 7

Multiple Choice

Financial institutions whose liabilities specify that,in return for the payment of periodic funds to the institution,the institution will make payments in the future (if and when a specified event occurs) are:

• A) money market corporations.
• B) unit trusts.
• C) contractual savings institutions.
• D) depository financial institutions.

---

Definitions:

Spermatozoa

The male reproductive cells or sperm cells that are responsible for fertilizing an ovum.

Reproductive Systems

The organ systems in organisms that work together for the purpose of reproduction.

Excretory Duct

A tube-like structure through which waste products are expelled from a gland or organ.

Testis

A male reproductive organ responsible for producing sperm and hormones, such as testosterone.