Series 28: Exercise

Taken from our Series 28 Online Guide

Exercise

Complete the sentence by selecting the correct term from the word bank

  • Net worth
  • Liabilities
  • Owners’ equity
  • Liquid assets
  • Subordinated debt
  • Non-allowable assets
  • Assets
  1. 1. _____ are illiquid assets, assets that cannot be quickly sold at fair market value.
  2. 2. _____ are the obligations of a firm to outsiders.
  3. 3. Assets that can quickly be converted to cash are called _____.
  4. 4. _____ is the difference between assets and liabilities.
  5. 5. _____ are what a firm owns.
  6. 6. _____ is comprised of debt that ranks below othe

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