Crosmane Growth and Income, a financial institution, sells shares to investors. It accumulates the money received from the sold shares to invest in financial instruments such as corporate stocks, corporate bonds, government securities, and other assets. In this scenario, Crosmane Growth and Income represents a _____.
A. mutual fund company
B. credit union
C. commercial bank
D. savings and loan association
Answer: A
You might also like to view...
One study found that powerful individuals have been found to be ______.
A. risk averse B. compassionate C. good liars D. empathetic
The letters in "S.W.O.T." analysis are an abbreviation for the first letters of the words "special weapons or tactics."
Answer the following statement true (T) or false (F)
The Maxwell's house is assessed at $360,500. This year, they owe $11,716.25 in property taxes. What is their tax rate?
A firm currently has sales of $382,000 and net working capital of $45,840. Assume net working capital changes in direct proportion to sales. What will be the increase in net working capital if sales increase by 8%?
A. $3,091 B. $1,222 C. $2,809 D. $3,667