Sarah Buys Shares from a Financial Institution That Uses Her

question 505

Multiple Choice

Sarah buys shares from a financial institution that uses her funds together with other funds to purchase U.S. treasury bills. Sarah has deposited her money into a

• A) savings bank.
• B) credit union.
• C) money market mutual fund.
• D) savings and loan association.

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Definitions:

Creative Intelligence

A facet of intelligence involving the ability to deal with new situations using past experiences and current skills in innovative and original ways.

Spreads

Refers to the difference between two measurements, such as bid and ask prices in trading, or to the expansion of an entity or idea across different areas.

Equal Ability

The concept that individuals or groups possess the same level of skill, talent, or capability in a particular area or in general.

Variety Of Conditions

A broad spectrum or range of circumstances, situations, or health disorders.