Which of the following securities is a money market instrument?

A. Mortgage security
B. Commercial paper
C. Treasury note
D. Treasury bond
E. Municipal bond


Answer: B

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This year, Jonathan sold some qualified small business stock that he acquired in December 2010. His basis in the stock was $100,000 and he sold it for $400,000, resulting in a $300,000 gain. How much of Jason's gain is taxable?

A. $150,000 B. $75,000 C. $0 D. $300,000

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Publicly offered partnership interests are:

A. generally unattractive to investors in the early years of ownership. B. the primary method of creating general partnerships. C. of vital interest to persons hoping to actively manage a business. D. generally tax shelters for the original purchasers during the early years of ownership.

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A good or service purchased to satisfy personal and family needs is a(n) ________ product

A) Convenience. B) Industrial. C) Specialty. D) Shopping. E) Consumer.

Business

Runion Bank is well-known for providing funds to start-ups. The bank lends money to an entrepreneur at an interest rate of 5%, which is to be repaid only after the business earns a sizable profit. If the business fails, then only the primary amount needs to be returned. In the given scenario, which of the following statements is true of Runion Bank?

A. It is a venture capital firm. B. It is an angel investor. C. It provides commercial loans. D. It helps entrepreneurs in the process of crowdfunding.

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