A market system that allows for quick execution of customers’ trades is said to be
informationally efficient.
Financial system functions include accumulating savings and lending funds.
A discounted loan is one in which the borrower receives a discount on the interest rate.
An amortized loan is repaid in equal payments over a specified time period.
The Sarbanes-Oxley Act of 2002 was passed by the U.S. Congress in response several
accounting scandals.