Investments 13th Edition By Zvi Bodie, Alex Kane, Alan Marcus (Test Bank All Chapters, 100% Original Verified, A+ Grade)

Investments 13e By Zvi Bodie, Alex Kane, Alan Marcus (Test Bank All
Chapters, 100% Original Verified, A+ Grade) Answers At The End Of
Each Chapter
Chapter 1:__________
1) The material wealth of a society is a function of:
A) all financial assets.
B) all real assets.
C) all financial and real assets.
D) all physical assets.
E) all physical and financial assets.



2) _______ are real assets.
A) Land and mortgages
B) Machines and bonds
C) Stocks and bonds
D) Knowledge and stocks
E) Land, machines, and knowledge



3) The means by which individuals hold their claims on real assets in a well-developed
economy are:
A) investment assets.
B) depository assets.
C) derivative assets.
D) financial assets.
E) exchange-driven assets.



4) _______ are financial assets.
A) Bonds and land
B) Machines and derivatives
C) Stocks and intellectual property
D) Bonds and stocks
E) Bonds, machines, and stocks




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,5) _________ financial asset(s).
A) Buildings are
B) Land is a
C) Derivatives and intellectual property are
D) U.S. agency bonds and buildings are
E) Derivatives and U.S. agency bonds are



6) Financial assets:
A) directly contribute to the country's productive capacity.
B) indirectly contribute to the country's productive capacity.
C) contribute to the country's productive capacity, both directly and indirectly.
D) do not contribute to the country's productive capacity, either directly or indirectly.
E) are of no value to anyone.



7) In 2021, ____________ was the most significant real asset of U.S. households in terms of
total value.
A) consumer durables
B) automobiles
C) real estate
D) mutual fund shares
E) bank loans



8) In 2021, _____________was the least significant financial asset of U.S. households in terms
of total value.
A) real estate
B) mutual fund shares
C) debt securities
D) life insurance reserves
E) pension reserves




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,9) In 2021, _____________ was the most significant financial asset of U.S. households in terms
of total value.
A) real estate
B) mutual fund shares
C) debt securities
D) life insurance reserves
E) pension reserves



10) In 2021, ____________ was the most significant asset of U.S. households in terms of total
value.
A) real estate
B) mutual fund shares
C) debt securities
D) life insurance reserves
E) pension reserves


11) In 2021, ____________ were the most significant liability of U.S. households in terms of
total value.
A) credit cards
B) mortgages
C) bank loans
D) student loans
E) other forms of debt



12) In 2021, which of the following financial assets make up the greatest proportion of the
financial assets held by U.S. households?
A) Pension reserves
B) Life insurance reserves
C) Mutual fund shares
D) Debt securities
E) Personal trusts




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, 13) In 2021, _______ of the assets of U.S. households were financial assets.
A) 24.4%
B) 28.9%
C) 58.4%
D) 71.1%
E) 87.2%



14) The largest component of domestic net worth in 2021 was:
A) nonresidential real estate.
B) residential real estate.
C) inventories.
D) consumer durables.
E) equipment and software.



15) The smallest component of domestic net worth in 2021 was:
A) nonresidential real estate.
B) residential real estate.
C) inventories.
D) consumer durables.
E) equipment and software.



16) The domestic net worth of the U.S. in 2021 was:
A) $9.350 trillion.
B) $20.813 trillion.
C) $45.816 trillion.
D) $86.282 trillion.
E) $80.983 trillion.



17) A fixed-income security pays:
A) a fixed level of income for the life of the owner.
B) a fixed stream of income or a stream of income that is determined according to a
specified formula for the life of the security.
C) a variable level of income for owners on a fixed income.
D) a fixed or variable income stream at the option of the owner.
E) None of the choices are correct.




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