IMC Unit 2 - Mock Exam (textbook)
questions n answers rated A+
Ordinary shares are issued with - correct answer ✔✔a nominal value and no redemption date
A closed end fund has to raise new funds - correct answer ✔✔via rights issues
The accrual convention for gilts is - correct answer ✔✔actual/actual
Offer for sale, placing and intermediaries offer - correct answer ✔✔raise capital for the firm
The London FOREX market is - correct answer ✔✔a continuous dealers' market
Under fixed exchange rates, a balance of payments surplus - correct answer ✔✔may lead to a
rise in the money supply, unless sterilisation takes place
In a REIT, no investor - correct answer ✔✔can own more than 10% of the shares without losing
certain tax benefits
Warrants usually have a longer maturity - correct answer ✔✔than traded options when first
issued
A contract for difference is best defined as an agreement between two parties to exchange the
difference between - correct answer ✔✔the opening and closing price of the contract
A certificate of deposit - correct answer ✔✔is a tradeable time deposit
questions n answers rated A+
Ordinary shares are issued with - correct answer ✔✔a nominal value and no redemption date
A closed end fund has to raise new funds - correct answer ✔✔via rights issues
The accrual convention for gilts is - correct answer ✔✔actual/actual
Offer for sale, placing and intermediaries offer - correct answer ✔✔raise capital for the firm
The London FOREX market is - correct answer ✔✔a continuous dealers' market
Under fixed exchange rates, a balance of payments surplus - correct answer ✔✔may lead to a
rise in the money supply, unless sterilisation takes place
In a REIT, no investor - correct answer ✔✔can own more than 10% of the shares without losing
certain tax benefits
Warrants usually have a longer maturity - correct answer ✔✔than traded options when first
issued
A contract for difference is best defined as an agreement between two parties to exchange the
difference between - correct answer ✔✔the opening and closing price of the contract
A certificate of deposit - correct answer ✔✔is a tradeable time deposit
