MGMT 100 Study Guide - Final Guide: Demand Deposit, Commercial Bank, Financial Institution
Document Summary
The trading of goods and services for other goods and services directly. buying on margin. Purchasing securities by borrowing some of the cost from the broker. capital gains. The positive difference between the purchase price of a stock and its sale price. certificate of deposit. Nonprofit, member owned financial cooperatives that offer a full variety of banking services to their members. demand deposit. The technical name for a chequing account; the money in a demand deposit can be withdrawn anytime on demand from the depositor. diversification. Buying several different investment alternatives to spread the risk of investing. initial public offering. The first public offering of a corporation"s stock. money. Anything that people generally accept as payment for goods and services. money supply. The amount of money the bank of canada makes available for people to buy goods and services. mutual fund. A fund that buys stocks and bonds and then sells shares in those securities to the public. nonbanks.
