What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?

Related Mcqs:

1. Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?

   A. P18,000
   B. P18,900
   C. P19,000
   D. P19,100

2. What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?

   A. Bond
   B. T-bills
   C. Stock
   D. Promissory note

3. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

   A. 11.23 years
   B. 11.46 years
   C. 11.57 years
   D. 11.87 years

4. What bond whose security is a mortgage on certain specified assets of the corporation ?

   A. Registered bond
   B. Collateral trust bond
   C. Mortgage bond
   D. Debenture bond

5. A bond without any security behind them except a promise to pay by the issuing corporation is called __________________?

   A. Joint bond
   B. Debenture bond
   C. Trust bond
   D. Common bond

6. What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?

   A. Yield rate
   B. Rate of return
   C. Rate of interest
   D. Economic return

7. You borrow P3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank ?

   A. P 62.44
   B. P44.55
   C. P54.66
   D. P37.56

8. What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?

   A. Mall
   B. Market
   C. Store
   D. Office

9. What refers to a document that shows proof of legal ownership of a financial security ?

   A. Bond
   B. Bank note
   C. Coupon
   D. Check

10. The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?

    A. Yield
    B. Economic return
    C. Earning value
    D. Gain