Question 1
All of the following are properties of bonds
except
◦ bonds are issued with a face value.
◦ bonds come with a maturity date.
◦ bondholders are paid a fixed, specified amount each year.
◦ all bonds are issued for time periods of no less than one year and no more than ten years.
Question 2
Short-term securities are usually called ________ and long-term securities are usually called ________.
◦ notes; bills
◦ loans; notes
◦ bonds; stocks
◦ bills; bonds