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ECS3701 - Assignment 1 Semester 2 2022
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Which of the following best describes an asset?a.
An economic claim
b.
Any item such as income
c.
A piece of property that is a store of value
d.
A financial profit.
Question 2
Correct
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Question text
The process where financial intermediaries create and sell low-risk assets and use the
proceeds to purchase riskier assets is known as ...
a.
risk sharing.
b.
risk aversion.
c.
risk neutrality.
d.
risk selling.
, Question 3
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When the interest rate rises, the current bond prices will ...
a.
fall.
b.
rise.
c.
stay the same.
d.
initially fall, then increase.
Question 4
Incorrect
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Question text
Which of the functions of money distinguishes it from other assets?
a.
Medium of exchange
b.
Store of value
c.
Measure of value
d.
Unit of account
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