Financial Markets Yale Coursera Exam Questions with Correct Answers
48 keer bekeken 1 keer verkocht
Vak
Financial
Instelling
Financial
VaR Correct Answer Value at risk, variance
1% one year VaR of 10 million Correct Answer 1% chance portfolio will lose 10$ mil in one year
stress test Correct Answer popular as of 2009, Dodd Frank, fed has to 3 diff scenarios for non bank entities it supervises annually
Freddie Mac & ginne ...
Financial Markets Yale Coursera Exam
Questions with Correct Answers
VaR Correct Answer Value at risk, variance
1% one year VaR of 10 million Correct Answer 1% chance portfolio will lose 10$ mil in
one year
stress test Correct Answer popular as of 2009, Dodd Frank, fed has to 3 diff scenarios
for non bank entities it supervises annually
Freddie Mac & ginne mae did stress tests for 13% in 2005 Correct Answer home prices
dropped 30%
Stress test pros and cons Correct Answer show legitimacy, incentivizes white washing
Dodd Frank Correct Answer Subpoena power to office of financial research
Market Risk Correct Answer risk Apple does something in response to entire market
Idiosyncratic risk Correct Answer Apple only risk
Regression/dot's residual Correct Answer vertical distance between regression line and
dot
Y= mx + b Correct Answer b= alpha, y=return on apple stock, slope m= beta, x=market
return
slope beta Correct Answer shows how much a stock co moves w/ the market, measure
of stock's systematic risk
Cachy distribution Correct Answer fat tailed distribution
Covariance Correct Answer relationship between two entities
Covariance 2 identical firms # of scenarios Correct Answer 4
Beta Correct Answer covariance with market
Risk Pooling Correct Answer if n policies each with independent probability p of a claim,
then # of claims follows binomial distribution. SD of fraction of policies that claim =
square root p(1-p)/n
Law of Large #s Correct Answer as n gets large, SD reaches 0 Nears expected value
, Moral hazard Correct Answer actor has incentive to increase exposure to risk bc bears
less of consequences of risk
selection bias Correct Answer failure to achieve random sample
Insurance framing Correct Answer we can allow your husband to protect you from the
grave
McCarron Ferguson Act 1945 Correct Answer delegated insurance regulation to the
states
HMO Correct Answer Health maintenance organization, attempt to overcome moral
hazard, doctors are salaried, primaries act as gatekeeper
US Patient Protection and Affordable Care Act 2010 Correct Answer tries to solve for
selection bias, penalties for individuals/companies not buying, insurance exchange,
preexisting conditions
Market Portfolio Correct Answer If perfect information everyone has same portfolio
Hedge Fund Correct Answer can't advertise, leverage themselves, lots of risk, not
approved for retail investor
Accredited Investor Correct Answer above certain net worth, industry credentials
Micro-credential vs. Macro-credential Correct Answer Pre-2009 risk to individual, post
risk to system, interconnectedness of entities
CAPM Correct Answer expected return on the ith asset is determined from its beta
Large investment vehicles (UITs, Mutual Funds, Closed End) Correct Answer allow
small investors to overcome transaction costs and lumpiness to achieve diversified
portfolio
Equity Premium Puzzle Correct Answer in US equity has always returned more
Gold Correct Answer hypothetically negative beta
Credit Default Swap Correct Answer Insurance policy for when market dips
Short sale Correct Answer borrowing security to sell, then buy back at lower price,
negative quantity of stock
Short Sales in CAPM Correct Answer No one shorts bc if everyone does, who lends?
stock's optimal holding value cannot be negative, efficient portfolio frontier
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ExamsGuru. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €12,51. Je zit daarna nergens aan vast.
