Complete the Following Using the Terms Listed

question 67

Essay

Complete the following using the terms listed.
a.bonds
b.Commercial banks
c.NASDAQ
d.Credit unions
e.financial system
f.call provision
g.insider trading
h.Federal Open Market Committee (FOMC)
i.Securities
j.New York Stock Exchange
k.Internet-only banks
l.limit order
m.debentures
n.primary market
o.net savers
-______ are cooperative financial institutions that are owned by their depositors,all of whom are members.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale and passed on to the government.

Cash Refund

A repayment to a customer in cash for the return of products or for rebate claims.

General Journal

A primary accounting record used to record all non-specific financial transactions of a business in chronological order.

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, collected by the retailer at the point of sale.