Financial Markets and Institutions-12Ed Jeff Madura -|Test bank| Reviewed/Updated for 2021

The Test bank borrows from the elaborated text book fielding questions specially tailored to the text book topics to equip the student with what questions to expect in the quiz’s tests and exams Packed with timely examples and practical applications, Madura's best-selling FINANCIAL MARKETS AND INSTITUTIONS, 12E, equips you with a clear understanding of why financial markets exist, how financial institutions serve these markets, and what services those institutions offer. Focusing on the management, performance, and regulatory aspects of financial institutions, the text explores the functions of the Federal Reserve System, the major debt and equity security markets, and the derivative security markets. It also reflects the latest developments from the field -- including updates on regulatory reform. Helping you maximize your course success, MindTap Finance digital learning solution enables you to connect with your instructor, organize coursework, and access a range of study tools -- including an e-book, pre-populated flashcards, quizzes, and more. Financial market participants who provide funds are called a. deficit units. b. surplus units. c. primary units. d. secondary unitFinancial Markets and Institutions-12Ed Madura Test BankWhich of the following is NOT an issuer of bonds? a. households b. corporations c. the U.S. Treasury d. government agenciesBehavioral finance a. applies concepts from sociology and anthropology to the behavior of market participants. 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 efficientThose financial markets that facilitate the flow of short-term funds are known as: a. money markets b. capital markets c. primary markets d. secondary marketsFunds are provided to the initial issuer of securities in the: a. secondary market b. primary market c. deficit market d. surplus marketWhich of the following is a money market security? a. Treasury note b. municipal bond c. mortgage d. commercial paper