兹维博迪金融学第二版试题库2TB.pdf

该【兹维博迪金融学第二版试题库2TB 】是由【小屁孩】上传分享，文档一共【21】页，该文档可以免费在线阅读，需要了解更多关于【兹维博迪金融学第二版试题库2TB 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。:..ChapterTwoFinancialMarketsandInstitutionsThischaptercontains49multiple-choicequestions,(n)_______market.(a)over-the-counter(b)geographiclocation(c)intermediary(d)conceptualAnswer:(a).(a)Payment(b)Counter(c)Incentive(d)ExchangeAnswer:(c):(a)moralhazard(b)adverseselection(c)principal-agent(d)alloftheaboveAnswer:(d).(a)moralhazard(b)adverseselection(c)principal-agent(d)alloftheaboveAnswer:(a):..(a)moralhazard(b)adverseselection(c)principal-agent(d)alloftheaboveAnswer:(b).(a)Increasingmoralhazard(b)Increasingadverseselection(c)Collateralizationofloans(d)AlloftheaboveAnswer:(c)-einstruments.(a)Debt(b)Equity(c)Derivative(d)AlloftheaboveAnswer:(a)-termdebt(lessthanoneyear)iscalledthe______market,andthemarketforlong-termdebtandequitysecuritiesiscalledthe_______market.(a)capital;money(b)money;capital(c)fixed-e;money(d)derivative;equityAnswer:(b):...(a)Debt(b)Equity(c)Derivative(d)Fixed-eAnswer:(c).(a)sell(b)buy(c)loan(d)borrowAnswer:(b).(a)sell(b)buy(c)loan(d)borrowAnswer:(a),andtheotherpartytosell,someassetataspecifiedpriceonsomespecifieddate.(a)Options(b)Uncertainty(c)Moneymarket(d)Forward:..-.(a)long-term(b)short-term(c)yield(d)exchangerateAnswer:(c)-termratesarehigherthanthelong-termrates,thentheyieldcurveis_______(a)upwardsloping(b)downwardsloping(c)horizontal(d)verticalAnswer:(b),-yearFrenchgovernmentbondis5%andatthesametimeitis9%$1,.?(a)%(b)%(c)%(d)%Answer:(c),whatwouldtheexchangerateatyeartoearnexactlysendhavetobeinorderfortheFrenchinvestor4%?(a)/$(b)/$(c)/$(d)/$Answer:(b):..-%10+-+-10yearandcorporatebondsofhighqualityofthesamematurity.(a)%(b)%(c)%(d)%Answer:(d)+yearsandcorporatebondsofmediumqualityofthesamematurity.(a)%(b)%(c)%(d)%Answer:(b)$$$49atyear'$49attheendoftheyear?(a)%(b)%(c)%(d)–%:..$$$49atyear'?(a)%(b)%(c)%(d)–%Answer:(c)$$$49atyear''sactually$42atyear'send?(a)–%(b)%(c)%(d)%Answer:(a),the_______thevolatilityoftherateofreturn.(a)higher,lower(b)lower,higher(c)higher,higher(d)noneoftheaboveAnswer:(c).(a)Indexing(b)Benchmarking(c)Replicating(d)Diversifying:..-freenominalinterestrateonaone-%peryearandtheexpectedrateofinflationis3%-bill?(a)4%(b)%(c)%(d)%Answer:(b)-freenominalinterestrateonaone-%peryearandtheexpectedrateofinflationis4%-bill?(a)2%(b)5%(c)%(d)%Answer:(c)%%?(a)%(b)%(c)%(d)%Answer:(c)$6,000,whichearnsinterestatarateof4%$3,000onwhichyouarepayinganinterestrateof18%,thearbitrageopportunityyoufaceis:(a)$420(b)$540(c)$120(d)$,whereasa_______interestrate:..modityor“basket”ofgoodsandservices.(a)real,nominal(b)real,treasury(c)nominal,real(d)treasury,realAnswer:(c),governments,andotherentitiesraisefundstofinancetheiractivitiesbyissuingsecurities.(a)Closed-endfunds(b)Investmentbanks(c)Assetmanagementfunds(d)Open-endfundsAnswer:(b),youhave$24,ountearninganinterestrateof4%$12,000onwhichyouarepayinganinterestrateof18%,thearbitrageopportunityyoufaceis:(a)$2,160(b)$1,200(c)$480(d)$1,680Answer:(d),the______establishestheprecisedisclosurerequirementsthatmustbesatisfiedforapublicofferingofsecurities.(a)ountingStandardsBoard(b)WorldBank(c)FederalReserve(d)mission:..(n)______indexasabenchmarkformeasuringthemonstockmutualfunds.(a)inflationadjusted(b)firm-sizeweighted(c)market-weighted(d)book-weightedAnswer:(c),whichinclude:(a)uratelyreflectthewidespectrumofstocksintheUnitedStates.(b)Itcorrespondstoaportfoliostrategythatisunsuitableasaperformancebenchmark.(c)Itonlyincludesthe30largestcorporations.(d)(a)and(b)Answer:(d)-ratearbitrageis______atalowerrateand________atahigherrate.(a)borrowing,lending(b)borrowing,defaulting(c)defaulting,lending(d)lending,borrowingAnswer:(a)“gopublic.”(a)Investmentbanks(b)Venturecapitalists(c)Assetmanagementfirms(d).:..(a)informationsymmetry(b)informationasymmetry(c)informationassets(d)(a)and(c)Answer:(b)-contributionpensionplan?(a)Apensionplanintowhichtheemployerandemployeemakeregularcontributions.(b)ountyearsofservice,wages,andsalary.(c)Apensionplanwhosebenefitformulais1%ofretirementsalaryforeachyearofservice.(d)AlloftheaboveAnswer:(a)?(a)professionalmanagement(b)diversification(c)efficientrecordkeepingandadministration(d)alloftheaboveAnswer:(d)assetvalueisdefinedasthe_______(a)futurevalueofallassetshelddividedbythenumberofsharesoutstanding(b)bookvalueofallsecuritieshelddividedbythenumberofsharesoutstanding(c)marketvalueofallsecuritieshelddividedbythenumberofsharesoutstanding(d)?--risk:..:(b)'s_________providesthesupplyoflocalcurrencyandoperatestheclearingsystemforthebanks.(a)stockexchange(b)underwriter(c)centralbank(d)investmentbankAnswer:(c)?(a)open-endmutualfundsandclosed-endfundsareidentical(b)open-endmutualfundsstandreadytoredeemorissuesharesatNAV(c)closed-endmutualfundsstandreadytoredeemorissuesharesatNAV(d)mutualfundsprovideapoormeansofdiversificationAnswer:(b)?(a)closed-endmutualfundsdonotredeemorissuesharesatNAV(b)closed-endmutualfundpricescandifferfromNAV(c)sharesofclosed-endfundsaretradedthroughbrokers(d)alloftheabovearecorrectAnswer:(d):..,mercialbanksfromengaginginmostunderwritingactivities.(a)InvestmentBankActof1909(b)SECAct(c)GlassSteagallActof1933(mercialBankActof1952Answer:(c)(a)recognizingwhengovernmentinactionisthebestchoice(b)standardizingprocedurestokeeptransactioncostslow(c)presentingfinancialinformationinastandardizedformat(d)establishingarbitraryrulestoensurethemaximumrevenuefromtransactionfeesAnswer:(b),thecentralbankiscalledthe_______(a)Riksbank(b)Bundesbank(c)BankofGermany(d)ExchequerAnswer:(b)-2003,whichofthefollowingassetclassesprovidedthehighestaveragerateofreturn?(a)Long-(b)-bills(c)Inflation(d)-2003,whichofthefollowingassetclassesprovidedthelowestvolatilityoftherateofreturn?(a)Long-:..(b)-bills(c)Inflation(d)SmallstockAnswer:(b).(a)nominalinterestrateonstock(b)standardizedbasketofconsumptiongoods(c)country'srateofinflation(d)noneoftheaboveAnswer:(b):..:,,mortgages,:2/29/98Treasury1-%+yrCorporate1-++:YieldSpread=–%=%-:YieldSpread=–%=%:Answerswillvarydependingonmediaannouncementsatthetime.:..$$$45atyear'$45attheendoftheyear?Answer:Expectedrateofreturn=EndingPrice–BeginningPrice+CashDividendBeginningPrice=$45-$+$$=%?Answer:Youmeasuretherateofreturnexactlythesameway,$$$$45atyear'$39atyear'send?Answer:Realizedrateofreturn=EndingPrice