The Following Security Is Generally Considered to Have No Default

question 1

Multiple Choice

The following security is generally considered to have no default risk:

• A) EBM corporation
• B) Orange County,California
• C) U.S. Treasury securities
• D) State of New York general revenue bonds

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Definitions:

Deposit Slip

A document that accompanies bank deposits, detailing the amount of cash and/or checks being deposited.

Currency

A system of money in general use in a particular country.

Check Register

A record of all checks written, deposits made, and charges or credits to a bank account.

Cash Balance

The amount of cash in a company's account at any given time.