Sarah is looking for financial securities that can be quickly converted

into cash at low cost, as she might need the money at any time. This is aligned with the concept of  _____________________

 _____________________ receives periodic payments and makes payouts when events specified in

the contract occur.         

 _____________________ earns

profit from the interest margin by paying a lower rate to depositors and

lending at a higher rate.     

A2 Milk issues new bonds to the public to fund its operations. This is a

_____________________ transaction.

Apple issues 9-month commercial papers to finance its short-term working

capital need, while raising $500 million through a new 10-year bond issuance to

invest in a new research and development facility. This is aligned with the concept of  _____________________

Peter deposited $10,000 in a 12-month term deposit at Commonwealth Bank.

The bank will use this money to make loans to other customers. This is  aligned with the concept of _____________________

 _____________________ provides advisory services for transactions such as IPOs, SEOs, mergers

and acquisitions.    

Jane has just sold her investment portfolio and got a 15% loss due to

the drop in the portfolio’s value. This loss is her  _____________________