D) trade credit
E) marketable securities
42) In 2018, ____________ was(were) the least significant real asset(s) of U.S. nonfinancial businesses in terms of total value.
A) equipment and software
B) inventory
C) real estate
D) trade credit
E) marketable securities
43) In 2018, ____________ was(were) the least significant liability(ies) of U.S. nonfinancial businesses in terms of total value.
A) bonds and mortgages
B) bank loans
C) inventories
D) trade debt
E) marketable securities
44) In terms of total value, the most significant liability(ies) of U.S. nonfinancial businesses in 2018 was(were)
A) bank loans.
B) bonds and mortgages.
C) trade debt.
D) other loans.
E) marketable securities.
45) In 2018, ____________ was(were) the least significant financial asset(s) of U.S. nonfinancial businesses in terms of total value.
A) cash and deposits
B) trade credit
C) trade debt
D) inventory
E) marketable securities
46) New issues of securities are sold in the ________ market(s).
A) primary
B) secondary
C) over-the-counter
D) primary and secondary
47) Investors trade previously issued securities in the ________ market(s).
A) primary
B) secondary
C) primary and secondary
D) derivatives
48) Investment bankers perform which of the following role(s)?
A) Market new stock and bond issues for firms
B) Provide advice to the firms as to market conditions, price, etc.
C) Design securities with desirable properties
D) All of the options
E) None of the options