100+ câu trắc nghiệm Thị trường và Các thể chế tài chính có đáp án - Phần 1

A. they are easily the most widely followed financial markets in the United States.

B. they are the markets where interest rates are determined.

C. they are the markets where foreign exchange rates are determined.

D. all of the above.

A. medium-quality corporate bonds

B. low-quality corporate bonds

C. high-quality corporate bonds

D. three-month Treasury bills

E. none of the above

A. more; lower

B. less; lower

C. more; higher

D. less; higher

A. it is where interest rates are determined.

B. it is the most widely followed financial market in the United States.

C. it is where foreign exchange rates are determined.

D. all of the above

A. A corporations stock is traded in an over-the-counter market.

B. People buy shares in a mutual fund.

C. A pension fund manager buys commercial paper in the secondary market.

D. An insurance company buys shares of common stock in the over-the-counter markets.

E. None of the above

A. A corporations stock is traded in an over-the-counter market.

B. A corporation buys commercial paper issued by another corporation.

C. A pension fund manager buys commercial paper from the issuing corporation.

D. Both A and B of the above.

E. Both B and C of the above

A. A corporation takes out loans from a bank.

B. People buy shares in a mutual fund.

C. A corporation buys commercial paper in a secondary market.

D. All of the above.

E. Only A and B of the above

A. A bank buys a U.S. Treasury bill from one of its depositors.

B. A corporation buys commercial paper issued by another corporation.

C. A pension fund manager buys commercial paper in the primary market.

D. Both A and C of the above

A. they allow funds to move from those without productive investment opportunities to those who have such opportunities.

B. they allow consumers to time their purchases better.

C. they weed out inefficient firms.

D. they do all of the above.

E. they do A and B of the above

A. A certificate of deposit

B. A share of Texaco common stock

C. A Treasury bill

D. All of the above

E. Only A and B of the above

A. They both can be long-term financial instruments.

B. They both involve a claim on the issuers income.

C. They both enable a corporation to raise funds.

D. All of the above.

E. Only A and B of the above

A. The New York Stock Exchange

B. The U.S. government bond market

C. The over-the-counter stock market

D. The options markets

E. None of the above

A. investment bankers.

B. traders.

C. brokers.

D. dealers.

E. none of the above

A. investment bankers.

B. traders.

C. brokers.

D. dealers.

E. none of the above.

A. investment bank.

B. commercial bank.

C. stock exchange.

D. brokerage house.

A. Most common stocks are traded over-the-counter, although the largest corporations have their shares traded at organized stock exchanges such as the New York Stock Exchange.

B. A corporation acquires new funds only when its securities are sold in the primary market.

C. Money market securities are usually more widely traded than longer-term securities and so tend to be more liquid.

D. All of the above are true.

E. Only A and B of the above are true.

A. A bond is a long-term security that promises to make periodic payments called dividends to the firms residual claimants.

B. A debt instrument is intermediate term if its maturity is less than one year.

C. A debt instrument is long term if its maturity is ten years or longer.

D. The maturity of a debt instrument is the time term) that has elapsed since it was issued

A. The stock market

B. The bond market

C. The foreign exchange market

D. The federal funds market

E. all of the above

A. foreign bonds.

B. Eurobonds.

C. Eurocurrencies.

D. Eurodollars.

A. foreign bonds.

B. Eurobonds.

C. Eurocurrencies.

D. Eurodollars.

A. financial intermediaries, issuing bonds, issuing stocks.

B. issuing bonds, issuing stocks, financial intermediaries.

C. issuing stocks, issuing bonds, financial intermediaries.

D. issuing stocks, financial intermediaries, issuing bonds

A. financial intermediaries and indirect finance play such an important role in financial markets.

B. equity and bond financing play such an important role in financial markets.

C. corporations get more funds through equity financing than they get from financial intermediaries.

D. direct financing is more important than indirect financing as a source of funds

A. poorly informed consumers.

B. standardization.

C. economies of scale.

D. their market power

A. reduce the volatility of a portfolios return.

B. raise the volatility of a portfolios return.

C. reduce the average return on a portfolio.

D. raise the average return on a portfolio

A. reduces; increases

B. increases; reduces

C. reduces; reduces

D. increases; increases

A. asymmetric information

B. adverse selection

C. moral hazard

D. fraud

A. which firms are more likely to obtain funds from banks and other financial intermediaries, rather than from the securities markets.

B. why indirect finance is more important than direct finance as a source of business finance.

C. why direct finance is more important than indirect finance as a source of business finance.

D. only A and B of the above.

E. only A and C of the above

A. the lenders relative lack of information about the borrowers potential returns and risks of his investment activities.

B. the lenders inability to legally require sufficient collateral to cover a 100 percent loss if the borrower defaults.

C. the borrowers lack of incentive to seek a loan for highly risky investments.

D. none of the above

A. moral hazard problem.

B. adverse selection problem.

C. shirking problem.

D. free-rider problem.

E. principal-agent problem