BFIN 300 MIDTERM EXAM QUESTIONS AND ALL CORRECT ANSWERS
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Course
BFIN 300
Institution
BFIN 300
BFIN 300 MIDTERM EXAM QUESTIONS AND ALL CORRECT ANSWERS
Which is the best example of a perpetuity?
A. Automobile payment;
B. Tuition;
C. Pension plan with TIAA;
D. Homeowners insurance with Chubb Insurance - Answer-C. Pension plan with TIAA
Capital One is charging you 1.5% per month on yo...
BFIN 300 MIDTERM EXAM QUESTIONS
AND ALL CORRECT ANSWERS
Which is the best example of a perpetuity?
A. Automobile payment;
B. Tuition;
C. Pension plan with TIAA;
D. Homeowners insurance with Chubb Insurance - Answer-C. Pension plan with TIAA
Capital One is charging you 1.5% per month on your credit card. What is your Annual
Percentage Rate (APR)?
A. 1.5%;
B. 18.0%
C. 3.0%
D. Can't calculate from information provided - Answer-B. 18.0%
During the Global Financial Crisis, Interest Only financial products were a significant
problem. Which is the best example of an I/O security?
A. Mortgage;
B. Corporate bond;
C. A Pure discount loan;
D. All of the above - Answer-B. Corporate bond
Which is the best definition of an annuity?
A. A cash flow stream which arises when the stream of consistent cash flows continues
forever;
B. Preferred shares;
C. A cash flow stream where a fixed amount is received every year;
D. Effective annual rate. - Answer-C. A cash flow stream where a fixed amount is
received every year
What is a financial security?
A. Ease with which an owner of an asset can sell it;
B. A claim against assets of cash flows of a company;
C. Dow Jones Industrial Average; or
D. Voting rights to elect firm directors - Answer-B. A claim against assets of cash flows
of a company
Who is the primary regulator of the US securities markets?
A. Federal Reserve Bank of New York;
B. Chicago Board of Options Exchange;
C. Securities and Exchange Commission; or
D. New York Stock Exchange. - Answer-C. Securities and Exchange Commission
The Securities and Exchange Commission does all of the following except:
A. Licensing securities professionals;
, B. Provide investors with complete disclosure of material information on listed
securities;
C. Regulates US stock exchanges; or
D. Regulates all national banks in the US - Answer-D. Regulates all national banks in
the US
Which of the following is a security traded in the US money market?
A. Mortgage-backed securities;
B. Treasury Bills;
C. Preferred Stock; or
D. Corporate bonds. - Answer-B. Treasury Bills
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