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Test bank for Financial Markets and Institutions 12th Edition by Jeff Madura
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Test bank for Financial Markets and Institutions 12th Edition by Jeff Madura

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  • April 3, 2024
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  • 2023/2024
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  • test bank for financial markets and institutions
  • 12th edition by jeff madura

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  • Test Bank For Financial Markets and Institutions 12th Edition by Jeff Madura, ISBN: 978-1337099745
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Page 1 Test bank for Financial Markets and Institutions 12th Edition by Jeff Madura 1. Financial market participants who provide funds are called a. deficit units. b. surplus units. c. primary units. d. secondary units. ANSWER: b POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.01 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Knowledge DATE CREATED: 9/15/2016 6:38 AM DATE MODIFIED: 9/16/2016 1:14 AM 2. Which of the following is NOT an issuer of bonds? a. households b. corporations c. the U.S. Treasury d. government agencies ANSWER: a POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.01 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Knowledge DATE CREATED: 9/16/2016 1:15 AM DATE MODIFIED: 5/1/2018 11:55 AM 3. Behavioral finance a. applies concepts from sociology and anthropology to the behavior of market participants. MEDCONNOISSEUR Page 2 b. studies the behavior of financial markets in response to changes in Federal Reserve policy. c. applies psychology to financial decision making. d. explains why markets are efficient. ANSWER: c POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.01 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Knowledge DATE CREATED: 9/16/2016 1:18 AM DATE MODIFIED: 9/16/2016 1:21 AM 4. Those financial markets that facilitate the flow of short -term funds are known as: a. money markets b. capital markets c. primary markets d. secondary markets ANSWER: a POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.02 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.02 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Knowledge DATE CREATED: 9/16/2016 1:21 AM DATE MODIFIED: 5/1/2018 11:56 AM 5. Funds are provided to the initial issuer of securities in the: a. secondary market b. primary market c. deficit market d. surplus market ANSWER: b POINTS: 1 DIFFICULTY: Easy MEDCONNOISSEUR Page 3 QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.01 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Knowledge DATE CREATED: 9/16/2016 1:24 AM DATE MODIFIED: 5/1/2018 12:26 PM 6. Which of the following is a capital market instrument? a. a six-month certificate of deposit b. a three -month Treasury bill c. a ten-year bond d. an agreement for a bank to loan funds directly to a company for nine months ANSWER: c POINTS: 1 DIFFICULTY: Moderate QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.02 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Comprehension DATE CREATED: 9/16/2016 1:27 AM DATE MODIFIED: 9/16/2016 1:29 AM 7. Which of the following is a money market security? a. Treasury note b. municipal bond c. mortgage d. commercial paper ANSWER: d POINTS: 1 DIFFICULTY: Moderate QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.02 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Comprehension MEDCONNOISSEUR Page 4 DATE CREATED: 9/16/2016 1:29 AM DATE MODIFIED: 9/16/2016 1:31 AM 8. The creditors in the federal funds market are: a. households b. depository institutions c. firms d. government agencies ANSWER: b POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.03 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Knowledge DATE CREATED: 9/16/2016 1:52 AM DATE MODIFIED: 5/1/2018 12:27 PM 9. Investors in equity securities may earn a return from a. coupon payments and the return of principal at the maturity date. b. coupon payments and a capital gain when they sell the securities. c. quarterly dividends (if paid) and a capital gain when they sell the securities. d. quarterly dividends (if paid) and the return of principal at the maturity date. ANSWER: c POINTS: 1 DIFFICULTY: Moderate QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FMAI.MADU.15.01.02 NATIONAL STANDARDS: United States - BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States - OH - DISC.FMAI.MADU.15.02 KEYWORDS: Bloom's: Comprehension DATE CREATED: 9/16/2016 2:56 AM DATE MODIFIED: 9/16/2016 2:59 AM 10. Money market securities generally have ____. a. relatively low liquidity, low expected return, and a high degree of credit risk b. relatively high liquidity, high expected return, and a high degree of credit risk MEDCONNOISSEUR

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