TEST BANK for Investments 13th Edition. By Zvi Bodie, Alex Kane, Alan Marcus

,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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