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Investments 11Th Ed by Zvi Bodie - Test Bank
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,Chapter 01 Test Bank - StaticStudent:
___________________________________________________________________________
Multiple Choice Questions
1. The material wealth of a society is a function of
A. all financial assets.
B. all real assets.
C. all financial and real assets.
D. all physical assets.
2. _______ are real assets.
A. Land
B. Machines
C. Stocks and bonds
D. Knowledge
E. Land, machines, and knowledge
3. The means by which individuals hold their claims on real assets in a well-
developed economy are
A. investment assets.
B. depository assets.
C. derivative assets.
D. financial assets.
E. exchange-driven assets.
4. _______ are financial assets.
A. Bonds
B. Machines
C. Stocks
D. Bonds and stocks
E. Bonds, machines, and stocks
5. _________ financial asset(s).
A. Buildings are
B. Land is a
C. Derivatives are
D. U.S. agency bonds are
E. Derivatives and U.S. agency bonds are
6. Financial assets
A. directly contribute to the country's productive capacity.
B. indirectly contribute to the country's productive capacity.
C. contribute to the country's productive capacity, both directly and indirectly.
D. do not contribute to the country's productive capacity, either directly or
indirectly.
E. are of no value to anyone.
1-1
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or
distribution without the prior written consent of McGraw-Hill Education .
,7. In 2016, ____________ was the most significant real asset of U.S. households in
terms of total value.
A. consumer durables
B. automobiles
C. real estate
D. mutual fund shares
E. bank loans
8. In 2016, ____________ was the least significant financial asset of U.S.
households in terms of total value.
A. real estate
B. mutual fund shares
C. debt securities
D. life insurance reserves
E. pension reserves
9. In 2016, ____________ was the most significant financial asset of U.S.
households in terms of total value.
A. real estate
B. mutual fund shares
C. debt securities
D. life insurance reserves
E. pension reserves
10. In 2016, ____________ was the most significant asset of U.S. households in
terms of total value.
A. real estate
B. mutual fund shares
C. debt securities
D. life insurance reserves
E. pension reserves
11. In 2016, ____________ were the most significant liability of U.S. households in
terms of total value.
A. credit cards
B. mortgages
C. bank loans
D. student loans
E. other forms of debt
12. In 2016, which of the following financial assets make up the greatest
proportion of the financial assets held by U.S. households?
A. Pension reserves
B. Life insurance reserves
C. Mutual fund shares
D. Debt securities
E. Personal trusts
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Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or
distribution without the prior written consent of McGraw-Hill Education .
, 13. In 2016, _______ of the assets of U.S. households were financial assets as
opposed to tangible assets.
A. 20.4%
B. 34.2%
C. 69.4%
D. 71.7%
E. 82.5%
14. The largest component of domestic net worth in 2016 was
A. nonresidential real estate.
B. residential real estate.
C. inventories.
D. consumer durables.
E. equipment and software.
15. The smallest component of domestic net worth in 2016 was
A. nonresidential real estate.
B. residential real estate.
C. inventories.
D. consumer durables.
E. equipment and software.
16. The domestic net worth of the U.S. in 2016 was
A. $15.411 trillion.
B. $26.431 trillion.
C. $42.669 trillion.
D. $64.747 trillion.
E. $70.983 trillion.
17. A fixed-income security pays
A. a fixed level of income for the life of the owner.
B. a fixed stream of income or a stream of income that is determined according to a
specified formula for the life of the security.
C. a variable level of income for owners on a fixed income.
D. a fixed or variable income stream at the option of the owner.
18. A debt security pays
A. a fixed level of income for the life of the owner.
B. a variable level of income for owners on a fixed income.
C. a fixed or variable income stream at the option of the owner.
D. a fixed stream of income or a stream of income that is determined according to a
specified formula for the life of the security.
19. Money market securities
A. are short term.
B. are highly marketable.
C. are generally very low risk.
D. are highly marketable and are generally very low risk.
E. All of the options.
1-3
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or
distribution without the prior written consent of McGraw-Hill Education .
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