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Wall Street Final Exam with Correct Answers Graded A+
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Wall Street Final Exam with Correct Answers Graded A+ Which of the following groups has the highest poverty rate? - Answer-female‐headed families Benefits from trade would NOT include - Answer-reduced competition. All kinds of speculative arbitrage rely on techniques that magnify risk an...

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  • August 25, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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Wall Street Final Exam with Correct
Answers Graded A+
Which of the following groups has the highest poverty rate? - Answer-female‐headed
families

Benefits from trade would NOT include - Answer-reduced competition.

All kinds of speculative arbitrage rely on techniques that magnify risk and reward for the
investor. This is known as: - Answer-leveraging

Differences in the amounts and quality of education and training: - Answer-" combine
with differences in mental, physical, and aesthetic talents to produce income inequality."

Diversification is investing in a variety of assets with which one of the following as the
primary goal? - Answer-reducing some risks

"National Trucking has paid an annual dividend of $1.00 per share on its common stock
for the past fifteen years and is expected to continue paying a dollar a share long into
the future. Given this, one share of the firm's stock is: " - Answer-priced the same as a
$1 perpetuity.

How are financial markets designed to discourage arbitrage? - Answer-Securities are
priced evenly in all trading arenas.

You are a baker and need to purchase a substantial amount of wheat flour three months
from now in preparation for your busy season. Your concern is that the price of wheat
will increase substantially before you make your purchase. Which one of the following
positions in wheat would be an effective hedge for you? - Answer-long position in
futures market

"Last year, T-bills returned 2 percent while your investment in large-company stocks
earned an average of 5 percent. Which one of the following terms refers to the
difference between these two rates of return? " - Answer-geometric return

"In economics, efficiency refers to the property of society getting the most it can from its
scarce resources." - Answer-True

A market economy allocates resources through the decentralized decisions of many
firms and households as they interact in markets for goods and services. - Answer-True

"In a market economy, economic activity is guided by" - Answer-prices as incentives to
both buyers and sellers.

, Assume that the market prices of the securities that trade in a particular market fairly
reflect the available information related to those securities. Which one of the following
terms best defines that market? - Answer-efficient capital market

Which of the following best describes the two primary elements of benefits programs? -
Answer-Income protection and pay for time not worked

Which of the following groups has the lowest poverty rate? - Answer-married‐couple
families

Individuals who continually monitor the financial markets seeking mispriced securities: -
Answer-make the markets increasingly more efficient.

Efficient financial markets fluctuate continuously because: - Answer-the markets are
continually reacting to new information.

How are funds allocated efficiently in a market economy? - Answer-The economic unit
that is willing to pay the highest expected return receives the funds

The lifetime distribution of income is more equal than the annual distribution. This
statement is: - Answer-true, because there is considerable income mobility over time
True diversification means: - Answer-putting a significant portion of your investment
dollars into several mutual funds

The following are examples of real assets except: - Answer-Common stock

"A 30-year bond issued by Gary's Plaid Pants Warehouse, Inc., in 1997 would now
trade in the " - Answer-secondary capital market.

The value or cost of a good or service that is given up by choosing one alternative over
another is called - Answer-an opportunity cost

An agent who maintains an inventory from which he or she buys and sells securities is
called a: - Answer-dealer

"The entrance of large numbers of ""baby boomers"" into the labor force in the 1970s
and 1980s" - Answer-increased income inequality.

Sarbanes-Oxley Act of 2002 (SOX) was largely a response to - Answer-"a series of
corporate scandals involving Enron, WorldCom, Global Crossing, Tyco and numerous
others."

The focal point of financial management in a firm is - Answer-the creation of value for
shareholders.

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