Question 1
Short-term financing is financing that will typically be repaid within ________.
◦ one year
◦ two years
◦ three years
◦ five years
◦ ten years
Question 2
Stock exchanges are organizations that ________.
◦ issue cash in exchange for pledging stock
◦ function as underwriters in public issues
◦ facilitate the buying and selling of stock
◦ issue stock on behalf of small companies
◦ combine multiple stocks to create mutual funds