Securities are divided into five categories. Type I securities are also known as:
Banks should account for trading securities at market value. Any changes in cost should be regarded as a/an:
Banks also serves as “registrar†for stocks and bond issues. The registrar accounts for all shares issued, certificates outstanding, and Certificates cancelled. The role/s of the registrar is/are:
A financial institution’s performance in helping to meet the credit needs of its community is evaluated in context of information about:
Whole life policies offer lifetime coverage at a level premium rate that does not increase as the insured ages. Whole life policies are classified in all of the below mentioned categories EXCEPT: