Test bank for Financial Markets and Institutions 12th Edition by Jeff Madura

789 779

7

 !
"# #$
#87
7
%#9&789 7&'
 7()

!

* ++9
,, 7
-
.
!
#7/
'
- 0
91 $   ++9 #"#,82!
39
4,9* $7& 8#3
#& %8 # 3978#/
7 #"# "-$$
#+78#
#&'
 ,9
.#
459#7
-
.
78+
6

7)
#$9,97# 99
 898
:99
);7#
<=>?@ABAC@BD6EBFGHI6JBFI@C@JBAIK6LMN6JFNO@PH6QRAPK6BFH6CBDDHP6
BS6PHQ@C@I6RA@IKS6 6
TS6KRFJDRK6RA@IKS6 6
CS6JF@EBFU6RA@IKS6 6
PS6KHCNAPBFU6RA@IKS6 6
VWXYZ[\] T6
^_`WaX\] b6
c`dd`efgah\] iBKU6
jfZXa`_W]ah^Z\] kRDI@JDH6lMN@CH6
mVX]nV[`VogZX\] ?BDKH6
gZV[W`Wp] ?krsSkrtuSbvSwbSwb6
_oqZea`nZX\]
WVa`_WVg] uA@IHP6xIBIHK6y6zux{|}~S?krsSkrtuSbvSw6
XaVWcV[cX\]
XaVaZ]XaVWcV[cX\]uA@IHP6xIBIHK6y6}€6y6tsxlS?krsSkrtuSbvSw6
‚ZhY_[cX\] zDNNEƒK„6ANLDHP†H6
cVaZ]e[ZVaZc\] ‡ˆbvˆwb‰6‰„Š6rk6
cVaZ]‹_c`d`Zc\] ‡ˆb‰ˆwb‰6b„bŒ6rk6
 01235

,
89 



!
 

!
"
 
!#!$!


%
!&
' 

()*+,-./ 
012)3*./ 4
526627893:./ ;%
<8,*321)/3:0,./ =
"> 
?(*/@(-2(A9,*./ B
9,(-)2)C/ B=EF!=EG#!4H!I4!I4
1AD,732@,*./
)(321)(9/ #$JK#$LMN!B=EF!=EG#!4H!IO
*3()5(-5*./
*3(3,/*3()5(-5*./#$JPJGF$>!B=EF!=EG#!4H!IQ
R,:+1-5*./ K'STU
5(3,/7-,(3,5./ VW4XWQI4X4T4HE=
5(3,/Y15262,5./ HW4WQI4Z44THHE=
[9K&

!"""
'%
"%
&
'
\
"
"!




 01235

, 78  7 



8
8

8
8 ! 8
"#$%&'() 
*+,#-$() .
/,00,123-4() 5
62&$-,+#)-4*&() 7 8
9"$):"',";3&$()

3&"'#,#<)
7>?87>@A8.B8C.8C.
+;=&1-,:&$()
#"-,+#"3) A DEFADG
HI8
7>?87>@A8.B8CJ
$-"#/"'/$()
$-"-&)$-"#/"'/$()A DEHKE@?D88
7>?87>@A8.B8CL
M&4%+'/$() FNOP!

/"-&)1'&"-&/() QR.SRLC.S.O.T>7
/"-&)U+/,0,&/() QR.SRLC.S.OL.>7
VWXY  !E !O
8
78
8
8
"#$%&'() 
*+,#-$() .
/,00,123-4() 5
62&$-,+#)-4*&() 7 8
9"$):"',";3&$()

3&"'#,#<)
7>?87>@A8.B8C.8CL
+;=&1-,:&$()
#"-,+#"3) A DEFADG
HI8
7>?87>@A8.B8CL
$-"#/"'/$()
$-"-&)$-"#/"'/$()A DEHKE@?D88
7>?87>@A8.B8CL
M&4%+'/$() FNOP!

/"-&)1'&"-&/() QR.SRLC.S.OL.>7
/"-&)U+/,0,&/() BR.RLC.T..OBS>7
ZWX
     O
8
78
8
 01235

, 78 





  !
"##$%& ' ()




 01235