1 Chap 01 13e Bodie 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 2 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 3 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 4 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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Test Bank for Investments, 13th Edition by Zvi Bodie
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Test Bank for Investments 13e 13th Edition by Zvi Bodie, Alex Kane and Alan Marcus. Full Chapters test bank are included (Chapter 1 to 28) PART I: Introduction Chapter 1: The Investment Environment Chapter 2: Asset Classes and Financial Instruments Chapter 3: How Securities Are Traded Chapter 4: Mutual Funds and Other InvestmentCompanies PART II: Portfolio Theory and Practice Chapter 5: Risk, Return, and the HistoricalRecord Chapter 6: Capital Allocation to Risky Assets Chapter 7: Efficient Diversification Chapter 8: Index Models PART III: Equilibrium in Capital Markets Chapter 9: The Capital Asset Pricing Model Chapter 10: Arbitrage Pricing Theory andMultifactor Models of Risk and Return Chapter 11: The Efficient Market Hypothesis Chapter 12: Behavioral Finance and TechnicalAnalysis Chapter 13: Empirical Evidence on SecurityReturns PART IV: Fixed-Income Securities Chapter 14: Bond Prices and Yields Chapter 15: The Term Structure of Interest Rates Chapter 16: Managing Bond Portfolios PART V: Security Analysis Chapter 17: Macroeconomic and Industry Analysis Chapter 18: Equity Valuation Models Chapter 19: Financial Statement Analysis PART VI: Options, Futures, and Other Derivatives Chapter 20: Options Markets: Introduction Chapter 21: Option Valuation Chapter 22: Futures Markets Chapter 23: Futures, Swaps, and Risk Management PART VII: Applied Portfolio Management Chapter 24: Portfolio Performance Evaluation Chapter 25: International Diversification Chapter 26: Alternative Assets Chapter 27: The Theory of Active PortfolioManagement Chapter 28: Investment Policy and the Frameworkof the CFA Institute All Chapters MCQS are given with answers (All answers included)
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