(I) Most corporate bonds have a face value of $1,000, pay interest semiannually, and can be redeemed anytime the issuer wishes. (II) Registered bonds have now been largely replaced by bearer bonds, which do not have coupons
A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.
A
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When comparing banks and mutual funds,
A. mutual funds have more liquidity risk than banks because all shareholders share the loss of value on a pro rata basis. B. mutual funds have less liquidity risk than banks because all shareholders share the loss of value on a pro rata basis. C. mutual funds have more liquidity risk than banks because all shareholders have the ability to withdraw their money on a first-come first basis. D. mutual funds have less liquidity risk than banks because all shareholders have the ability to withdraw their money on a first-come first basis. E. mutual funds have the same liquidity risk as banks because both shareholders and depositors share the fall in the loss of value on a pro rata basis.
Formal groups in organizations fulfill organizational functions but not individual functions.
a. true b. false