Finance 571 - Corporate Finance » Spring 2022 » Wk 1 Practice Ch. 2, Financial Markets and Institutions

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Question #1
Which market is used for debt securities?
A.   commodities market
B.   stock market
C.   fixed-income market
D.   foreign exchange market
Question #2
Which of the following are considered to be a financial institution?
A.   insurance companies, export agencies
B.   insurance companies, banks
C.   governments, banks
D.   governments, export agencies
Question #3
Which of the following holds the largest amount of corporate equities in the United States?
A.   mutual funds
B.   pension funds
C.   insurance companies
D.   households
Question #4
Lenders transport money ______ (forward/backward) in time; borrowers transport money _____ (forward/backward) in time.
A.   forward… forward…
B.   backward… backward…
C.   backward…forward…
D.   forward… backward…
Question #5
Which methods of payment allow individuals and businesses to send and receive payments quickly and safely?
A.   cash, precious metals
B.   electronic transfers, credit cards, checking accounts
C.   electronic transfers, cash, precious metals
D.   cash, credit cards
Question #6
Which of the following methods can be used by investors and businesses to reduce and reallocate risk?
A.   purchase shares in a mutual fund, purchase insurance, purchase an exchange traded fund (ETF)
B.   purchase shares in a mutual fund, purchase insurance, purchase shares of stock from one company
C.   purchase insurance, purchase shares of stock from one company
D.   purchase shares in a mutual fund, purchase shares of stock from one company
Question #7
The fixed-income market is used to sell ______.
A.   debt securities
B.   any type of security
C.   equity securities
D.   both debt and equity securities
Question #8
Which of the following statements regarding mutual funds and financial institutions are true?
A.   Mutual funds lend directly to businesses and financial institutions do not. Both invest in securities.
B.   Both invest in securities. Financial institutions lend directly to individuals and mutual funds do not.
C.   Mutual funds lend directly to businesses and financial institutions do not. Financial institutions lend directly to individuals and mutual funds do not.
D.   Mutual funds lend directly to businesses and financial institutions do not. Banks and insurance companies are examples of mutual funds.
Question #9
Households account for approximately how much of corporate equity holdings?
A.   25%
B.   50%
C.   62%
D.   40%
Question #10
Which of the following is the most common provider of payment services?
A.   insurance companies
B.   stock exchange
C.   mutual fund
D.   banks
Question #11
Risks are averaged out through ______.
A.   specialization
B.   concentration
C.   diversification
D.   exclusivity

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