TEST BANK FOR
Financial Markets and Institutions 12thEdition by Jeff Madura
1. Financial market participants who provide funds are called
a. deficit units.
b. surplus units.
c. primary units.
d. secondary units.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.01
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/15/2016 6:38 AM
DATE MODIFIED: 9/16/2016 1:14 AM
2. Which of the following is NOT an issuer of bonds?
a. households
b. corporations
c. the U.S. Treasury
d. government agencies
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.01
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/16/2016 1:15 AM
DATE MODIFIED: 5/1/2018 11:55 AM
3. Behavioral finance
a. applies concepts from sociology and anthropology to the behavior of market participants.
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b. studies the behavior of financial markets in response to changes in Federal Reserve policy.
c. applies psychology to financial decision making.
d. explains why markets are efficient.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.01
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
n, ahol átlátható és magas színvonalú tanulási anyagokat találsz. Ahogyan az alkimista arannyá
KEYWORDS: Bloom's: Knowledge
változtatja az alapanyagokat, mi az összetett témákat könnyen érthető jegyzetekké, rendezett
DATE CREATED: 9/16/2016 1:18 AM
összefoglalókká és vizsgaközpontú útmutatókká alakítjuk. Minden dokumentum gondosan szerkesztett,
DATE MODIFIED: 9/16/2016 1:21 AM
naprakész és időtakarékos megoldásokat kínál.
Anyagaink pontosak,
4. Those részletesek
financial markets thatésfacilitate
világosthemegfogalmazásúak,
flow of short-term fundsígy
aremég a nehezebb
known as: témák is
érthetővé válnak. Legyen
a. money szó vizsgafelkészülésről vagy beadandó feladatról, nálunk megbízható
markets
segítséget találsz.
b. capital markets
c. primary markets
A The_Alchemist segítségével
d. secondary markets a tanulás hatékonyabbá és tudatosabbá válik — mert a siker nem
varázslat,ANSWER:
hanem jól felépített felkészülés.
a
POINTS: 1
•••• Slovak
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
The_Alchemist je váš spoľahlivý obchod na Stuvia, ktorý ponúka kvalitné a prehľadné študijné
materiály.HAS
AkoVARIABLES: False
alchymista premieňame zložité témy na jasné poznámky, systematické zhrnutia a
praktickéLEARNING
sprievodcov k skúškam.FMAI.MADU.15.01.02
OBJECTIVES: Každý dokument je starostlivo pripravený, aktuálny a navrhnutý tak,
aby vám NATIONAL
šetril čas aSTANDARDS:
zlepšoval výsledky.
United States - BUSPROG.FMAI.MADU.15.02
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
MateriályKEYWORDS:
sú vytvorené s dôrazomBloom's:
na presnosť, zrozumiteľnosť a logickú štruktúru. Pomáhajú lepšie
Knowledge
pochopiť DATE
náročné učivo a uľahčujú
CREATED: prípravu
9/16/2016 naAM
1:21 testy či projekty.
DATE MODIFIED: 5/1/2018 11:56 AM
5. Funds are provided to the initial issuer of securities in the:
a. secondary market
b. primary market
c. deficit market
d. surplus market
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
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QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.01
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/16/2016 1:24 AM
DATE MODIFIED: 5/1/2018 12:26 PM
6. Which of the following is a capital market instrument?
a. a six-month certificate of deposit
b. a three-month Treasury bill
c. a ten-year bond
d. an agreement for a bank to loan funds directly to a company for nine months
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.02
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Comprehension
DATE CREATED: 9/16/2016 1:27 AM
DATE MODIFIED: 9/16/2016 1:29 AM
7. Which of the following is a money market security?
a. Treasury note
b. municipal bond
c. mortgage
d. commercial paper
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.02
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Comprehension
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, iuytrew
DATE CREATED: 9/16/2016 1:29 AM
DATE MODIFIED: 9/16/2016 1:31 AM
8. The creditors in the federal funds market are:
a. households
b. depository institutions
c. firms
d. government agencies
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.03
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Knowledge
DATE CREATED: 9/16/2016 1:52 AM
DATE MODIFIED: 5/1/2018 12:27 PM
9. Investors in equity securities may earn a return from
a. coupon payments and the return of principal at the maturity date.
b. coupon payments and a capital gain when they sell the securities.
c. quarterly dividends (if paid) and a capital gain when they sell the securities.
d. quarterly dividends (if paid) and the return of principal at the maturity date.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FMAI.MADU.15.01.02
NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03
STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02
KEYWORDS: Bloom's: Comprehension
DATE CREATED: 9/16/2016 2:56 AM
DATE MODIFIED: 9/16/2016 2:59 AM
10. Money market securities generally have .
a. relatively low liquidity, low expected return, and a high degree of credit risk
b. relatively high liquidity, high expected return, and a high degree of credit risk
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