Homework Answers
16. (A) Earnings.
Here Penalties are charge to profit thereby the entity's earnings gets effected.
17 (B) Bond Certificate
In order to raise the money, the Government or Corporation will issue the Certificate of debt (either interest bearing or discounted).
18 (D) Commercial Bank
because they provide wide range of financial services such as checking accounts, Saving facilities, Individual Loans, Term Loans, business loans
19 (A) Defined benefit plan
20 (B) make savings a regular part of your budget
21.
| Basis | Depository Institution | Non Depository Institution |
| Meaning | Institutions which can collect money from Public and pay interest on the deposits collected from public. Public may withdraw money whenever they require. Depository institution provide both saving deposit facilities as well as loan (Credit) services | Non depository Institutions can not collect money from Public and they will not pay any interest. Non-Depository institution perform financial services and collect there charges. |
| Example | Commercial Banks, savings bank | Security firms, mutual funds |
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