1_

___________ security is known as variable income security.

Select one:

a. Equity shares.

b. None of these.

c. Preference shares.

d. Debentures

2_

You know that you will need $40,000 for your childs education in 18 years. If your account earns 4% compounded quarterly, how much would you need to deposit now to reach your goal?

Select one:

a. 19539.84$

b. 28800$

c. 68800$

d. 80000$

3_

A loan company charges $30 interest for a one month loan of $500. Find the monthly interest rate they are charging

Select one:

a. 5%

b. 6%

c. 72%

d. 60%

4_

The sole objective of the federal government in taxing income is to generate financing for government expenditures

Select one:

True

False