Which one of the following is the most junior in terms of its claim on earnings and assets?
A) subordinated debenture
B) mortgage bond
C) collateral trust bond
D) equipment trust certificate
Answer: A
Business
You might also like to view...
Adjusting entries result in a better matching of revenues and expenses for the period.
Answer the following statement true (T) or false (F)
Business
SIPs are state plans for implementation of air quality standards
Indicate whether the statement is true or false
Business
What are the three factors that explain why stock values fluctuate?
What will be an ideal response?
Business
Several large banks manipulated the reported rates on which key money market rate?
A. federal funds rate B. LIBOR C. bankers’ acceptances D. brokers’ calls rate
Business