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

A certificate of deposit

A share of Texaco common stock

A Treasury bill

All of the above

Only A and B of the above

They both can be long-term financial instruments.

They both involve a claim on the issuers income.

They both enable a corporation to raise funds.

All of the above.

Only A and B of the above

The New York Stock Exchange

The U.S. government bond market

The over-the-counter stock market

The options markets

None of the above

investment bankers.

traders.

brokers.

dealers.

none of the above

investment bankers.

traders.

brokers.

dealers.

none of the above.

investment bank.

commercial bank.

stock exchange.

brokerage house.

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.

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

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

All of the above are true.

Only A and B of the above are true.

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

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

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

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

The stock market

The bond market

The foreign exchange market

The federal funds market

all of the above

Treasury note

municipal bond

mortgage

commercial paper

foreign bonds.

Eurobonds.

Eurocurrencies.

Eurodollars.

foreign bonds.

Eurobonds.

Eurocurrencies.

Eurodollars.

financial intermediaries, issuing bonds, issuing stocks.

issuing bonds, issuing stocks, financial intermediaries.

issuing stocks, issuing bonds, financial intermediaries.

issuing stocks, financial intermediaries, issuing bonds

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

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

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

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

poorly informed consumers.

standardization.

economies of scale.

their market power

reduce the volatility of a portfolios return.

raise the volatility of a portfolios return.

reduce the average return on a portfolio.

raise the average return on a portfolio

reduces; increases

increases; reduces

reduces; reduces

increases; increases

asymmetric information

adverse selection

moral hazard

fraud

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

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

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

only A and B of the above.

only A and C of the above

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

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

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

none of the above

moral hazard problem.

adverse selection problem.

shirking problem.

free-rider problem.

principal-agent problem