When commercial banks deduct interest in advance on a note, the procedure is known as discounting
a. True
b. False
Indicate whether the statement is true or false
True
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If you don’t have a ______ dialect, this doesn’t mean your dialect is “bad” or inferior. Still, ask yourself whether your dialect could prevent understanding in your audience.
Fill in the blank(s) with the appropriate word(s).
What is a PO security? What is an IO security?
What will be an ideal response?
In a tax swap, a bond investor typically
A) sells an issue which has a capital loss and replaces it with a comparable security. B) sells an issue that has a capital gain and replaces it with a comparable security. C) swaps a lower-yielding security for a higher-yielding security. D) swaps a higher-yielding security for a lower-yielding security.
The power of an agent to do whatever is reasonable and customary to carry out the agency purpose is given by:
a. express authority b. implied authority c. quasi authority d. false authority e. verbal authority