Test Bank for Investments 13e 13th Edition by Zvi Bodie, Alex Kane and Alan Marcus. Full Chapters test bank are included (Chapter 1 to 28)
PART I: Introduction
Chapter 1: The Investment Environment
Chapter 2: Asset Classes and Financial Instruments
Chapter 3: How Securities Are Traded
Chapte...
1 Chap 01 13e Bodie 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. E) all physical and financial assets. 2) _______ are real assets. A) Land and mortgages B) Machines and bonds C) Stocks and bonds D) Knowledge and stocks 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 and land B) Machines and derivatives C) Stocks and intellectual property D) Bonds and stocks E) Bonds, machines, and stocks 2 5) _________ financial asset(s). A) Buildings are B) Land is a C) Derivatives and intellectual property are D) U.S. agency bonds and buildings 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. 7) In 2021, ____________ 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 2021, _____________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 3 9) In 2021, _____________ 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 2021, ____________ 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 2021, ____________ 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 2021, 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 4 13) In 2021, _______ of the assets of U.S. households were financial assets. A) 24.4% B) 28.9% C) 58.4% D) 71.1% E) 87.2% 14) The largest component of domestic net worth in 2021 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 2021 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 2021 was: A) $9.350 trillion. B) $20.813 trillion. C) $45.816 trillion. D) $86.282 trillion. E) $80.983 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. E) None of the choices are correct.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $39.49. You're not tied to anything after your purchase.
