Series 50: Exercise

Taken from our Series 50 Online Guide

Exercise

Match the term with its description

  1. 1. _____ Guaranteed investment contract (GIC)
  2. 2. _____ Certificate of deposit (CD)
  3. 3. _____ Commercial paper
  4. 4. _____ T-bill
  5. 5. _____ Banker’s acceptance
  6. A. Is considered safe, can have a term up to 270 days, and is generally issued in lots of $100,000
  7. B. Specifies that, for example, a life insurance company will repay a principal balance with interest payments
  8. C. Is issued at a discount to par, pays no interest, and is redeemed at maturity for par value

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