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Exam - cribME
ExamName_____MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the ) So-called fallen angels differ from junk bonds in thatA)junk bonds have ratings below Baa, whereas fallen angels have ratings below )junk bonds refer to previously bonds that have had their credit ratings fall below Baa,whereas fallen angels refer to newly issued bonds with low credit ) fallen angels have ratings below Baa, whereas junk bonds have ratings below )junk bonds refer to newly issued bonds with low credit ratings, whereas fallen angels refer topreviously bonds that have had their credit ratings fall below )2) Because of the abuses by state banks and the clear need for a central bank to help the federalgovernment raise funds during the War of 1812, Congress created theA) Second Bank of North America in ) Bank of United States in ) Second Bank of the United States in ) Bank of North America in )3) Thrift institutions' importance as a source of funds for borrowersA)
Exam Name_____ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
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