Chapter One

1. Claim on an issuer's future income.
4. Dollar value that benefits US consumers buying foreign products
8. Provided by intermediaries to their customers.
10. This pandemic led to the stock market crash of 2020.
11. The change in the value of the USD relative to other currencies between 2001 to 2008.
13. In 2022 Guilford County Schools had more than $2 billion in facility needs. GCS financed this need by issuing these debt securities.
14. Adjective used to describe stock prices.
15. This institutions "bread and butter" business is accepting deposits and making loans.
16. These individuals have no positive NPV projects to invest
18. This rate states that 1 USD is equivalent to 0.79 GBP
20. As an investor's risk tolerance and time horizon increases so should their portfolio allocation of this asset.
21. The differentiator between money and capital markets
22. The classification of the store fronts owned by Sears Holding Company that were valued at $2 billion prior to its filing bankruptcy.

2. Most investors hold this type of stock.
3. The principal lender-savers
5. The market that IPOs occur.
6. This form of expenditure is a long-term use of funds.
7. Entities with positive NPV projects in need of external funding
9. Conductors of indirect cash flows between savers and borrowers
12. This bank is the most important financial institution in the US.
17. These earnings generated by a business are added to the supply of loanable funds
19. Consumers with a higher credit score pay less to borrow funds.