FINA 3317 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026
Netflix INC stock
331.44 +14.44 (+4.56%)
331.00 -0.44 (-0.13%)
A) In the quote above, what is the price that the last trade was executed at during the trading day?
B) In the quote above, how many shares were traded during the current day?
C) In the quote above, what was the return during the current trading day?
D) In the quote below, how many shares are available for sale at the lowest selling price on the limit
order book?
E) In the quote below, what is the lowest price at which shares are available for sale on the limit order
book?
F) In the quote above, which of the following values is a measure of depth on the limit order book?
G) The quote above is most likely for what type of security? - Answers A) $331.44
B) 14,324,304
C) 4.56%
D) 600
E) $331.00
F) 600
G) Stock
Which one is a "Summary Measure" of the market? - Answers Stock Index
Read the article "Chinese Smartphone Maker Xiaomi Weighs Listing in Mainland and Hong Kong -
WSJ20180301".
Chinese Smartphone Maker Xiaomi Weighs Listing in Mainland and Hong Kong - WSJ20180301(1).pdf
A) This article is about the listing of what kind of security?
B) According to this article a "Unicorn" is: - Answers A) Stock
B) A private company with a valuation over $1 billion.
Read the article "Oilman T. Boone Pickens Is Becoming an ETF - MoneyBeat - WSJ 20180227".
Oilman T. Boone Pickens Is Becoming an ETF - MoneyBeat - WSJ 20180227(1).pdf
A) According to this article, the underlyings for BOON will be:
B) According to this article, BOON will be:
C) On what exchange is BOON most likely to trade? - Answers A) Stocks
B) An ETF
C) NYSE
A measure of liquidity in derivatives markets is: - Answers open interest
Which of the following do not quote bid and ask prices on the internet? - Answers futures
Use the WSJ quotes given in International Markets Home - Markets Data Center -
WSJ.com20181009.pdf .
A) What information is illustrated in the chart for "The Global Dow" at the top of the page?
B) What Major Stock Index reported the best one-day performance?
C) What Major Stock Index reported the worst one-day performance? - Answers A) The level of the
Global Dow Stock index over the past year
B) Italy: FTSE MIB
C) Argentina: MerVal
Read the article: Dow Industrials Close at New Record - WSJ20181009.pdf .
A) According to this article, what was the most recent one-day return on the Dow Jones industrial
average?
Group of answer choices
B) According to this article, what was the one-day change in the prices of US treasuries? - Answers A)
20 bps
, B) Treasury prices went down
JP Morgan Chase is currently processing repos with the following quoted rates, each for amounts of
$20 million and for a period of 2 days. Which of the following shows the interest payment amounts in
dollars for each repo?
Repo 1 - 25 bps
Repo 2 - 75 bps
Repo 3 - 95 bps
Repo 4 - 150 bps - Answers Repo 1 - $277.78
Repo 2 - $833.33
Repo 3 - $1055.56
Repo 4 - $166.67
Repo 5 - $1944.44
Repo 6 - $2944.44
Repo 7 - $3555.56
Over the past 4 years, you observed the following quoted rates on Commercial Paper, for face values
of $1,000 and 14 days to maturity. Which of the following shows the prices, bond equivalent rates,
and effective annual rates for each year?
2016 - 75 bps
2015 - 125 bps
2014 - -25 bps
2013- 102 bps - Answers r effective
2016 - 0.7634%
2015 - 1.2757%
2014 - -0.2531%
2013 - 1.0397%
Borrowing Benchmarks Money Rates WSJ.com/bonds
A) From the following quotes in the WSJ, at about what annual rate could a US bank based in London
borrow US Dollars for 6 months?
B) From the following quotes in the WSJ, at about what discount yield could a US bank issue 3-month
bonds?
C) From the following quotes in the WSJ, at about what discount yield could the US Treasury issue 1-
month bonds?
D) From the following quotes in the WSJ, at about what interest rate could a US bank borrow
unsecured overnight from other US-based banks?
E) From the following quotes in the WSJ, at about what interest rate could a US bank borrow
overnight from other banks using US T-Bills as collateral?
F) From the following quotes in the WSJ, at about what annual rate could a US bank based in London
borrow Euros for 6 months?
G) From the following quotes in the WSJ, at about what annual rate could a US bank based in Paris
borrow Euros for - Answers A) 1.82488%
B) 1.67%
C) 1.245%
D) 1.42%
E) 1.49%
F) -0.319%
G) -0.271%
One way that Fed Funds differ from Repos is that: - Answers Fed funds are unsecured while repos
have collateral.
Which of the following would normally have the shortest time to maturity? - Answers Fed Funds
Which of the following is usually true about repos? - Answers Repos usually have maturities shorter
than T-Notes.
Which of the following securities is not traded in secondary markets? - Answers Fed Funds
Which of the following securities is most likely to be directly held by an individual investor? - Answers
Negotiable CDs
Which of the following describes a role of money market mutual funds (MMMFs) in financial markets?
- Answers MMMFs buy commercial paper from US corporations
Netflix INC stock
331.44 +14.44 (+4.56%)
331.00 -0.44 (-0.13%)
A) In the quote above, what is the price that the last trade was executed at during the trading day?
B) In the quote above, how many shares were traded during the current day?
C) In the quote above, what was the return during the current trading day?
D) In the quote below, how many shares are available for sale at the lowest selling price on the limit
order book?
E) In the quote below, what is the lowest price at which shares are available for sale on the limit order
book?
F) In the quote above, which of the following values is a measure of depth on the limit order book?
G) The quote above is most likely for what type of security? - Answers A) $331.44
B) 14,324,304
C) 4.56%
D) 600
E) $331.00
F) 600
G) Stock
Which one is a "Summary Measure" of the market? - Answers Stock Index
Read the article "Chinese Smartphone Maker Xiaomi Weighs Listing in Mainland and Hong Kong -
WSJ20180301".
Chinese Smartphone Maker Xiaomi Weighs Listing in Mainland and Hong Kong - WSJ20180301(1).pdf
A) This article is about the listing of what kind of security?
B) According to this article a "Unicorn" is: - Answers A) Stock
B) A private company with a valuation over $1 billion.
Read the article "Oilman T. Boone Pickens Is Becoming an ETF - MoneyBeat - WSJ 20180227".
Oilman T. Boone Pickens Is Becoming an ETF - MoneyBeat - WSJ 20180227(1).pdf
A) According to this article, the underlyings for BOON will be:
B) According to this article, BOON will be:
C) On what exchange is BOON most likely to trade? - Answers A) Stocks
B) An ETF
C) NYSE
A measure of liquidity in derivatives markets is: - Answers open interest
Which of the following do not quote bid and ask prices on the internet? - Answers futures
Use the WSJ quotes given in International Markets Home - Markets Data Center -
WSJ.com20181009.pdf .
A) What information is illustrated in the chart for "The Global Dow" at the top of the page?
B) What Major Stock Index reported the best one-day performance?
C) What Major Stock Index reported the worst one-day performance? - Answers A) The level of the
Global Dow Stock index over the past year
B) Italy: FTSE MIB
C) Argentina: MerVal
Read the article: Dow Industrials Close at New Record - WSJ20181009.pdf .
A) According to this article, what was the most recent one-day return on the Dow Jones industrial
average?
Group of answer choices
B) According to this article, what was the one-day change in the prices of US treasuries? - Answers A)
20 bps
, B) Treasury prices went down
JP Morgan Chase is currently processing repos with the following quoted rates, each for amounts of
$20 million and for a period of 2 days. Which of the following shows the interest payment amounts in
dollars for each repo?
Repo 1 - 25 bps
Repo 2 - 75 bps
Repo 3 - 95 bps
Repo 4 - 150 bps - Answers Repo 1 - $277.78
Repo 2 - $833.33
Repo 3 - $1055.56
Repo 4 - $166.67
Repo 5 - $1944.44
Repo 6 - $2944.44
Repo 7 - $3555.56
Over the past 4 years, you observed the following quoted rates on Commercial Paper, for face values
of $1,000 and 14 days to maturity. Which of the following shows the prices, bond equivalent rates,
and effective annual rates for each year?
2016 - 75 bps
2015 - 125 bps
2014 - -25 bps
2013- 102 bps - Answers r effective
2016 - 0.7634%
2015 - 1.2757%
2014 - -0.2531%
2013 - 1.0397%
Borrowing Benchmarks Money Rates WSJ.com/bonds
A) From the following quotes in the WSJ, at about what annual rate could a US bank based in London
borrow US Dollars for 6 months?
B) From the following quotes in the WSJ, at about what discount yield could a US bank issue 3-month
bonds?
C) From the following quotes in the WSJ, at about what discount yield could the US Treasury issue 1-
month bonds?
D) From the following quotes in the WSJ, at about what interest rate could a US bank borrow
unsecured overnight from other US-based banks?
E) From the following quotes in the WSJ, at about what interest rate could a US bank borrow
overnight from other banks using US T-Bills as collateral?
F) From the following quotes in the WSJ, at about what annual rate could a US bank based in London
borrow Euros for 6 months?
G) From the following quotes in the WSJ, at about what annual rate could a US bank based in Paris
borrow Euros for - Answers A) 1.82488%
B) 1.67%
C) 1.245%
D) 1.42%
E) 1.49%
F) -0.319%
G) -0.271%
One way that Fed Funds differ from Repos is that: - Answers Fed funds are unsecured while repos
have collateral.
Which of the following would normally have the shortest time to maturity? - Answers Fed Funds
Which of the following is usually true about repos? - Answers Repos usually have maturities shorter
than T-Notes.
Which of the following securities is not traded in secondary markets? - Answers Fed Funds
Which of the following securities is most likely to be directly held by an individual investor? - Answers
Negotiable CDs
Which of the following describes a role of money market mutual funds (MMMFs) in financial markets?
- Answers MMMFs buy commercial paper from US corporations
