Only corporations can raise funds in the capital markets.
B)
Only the federal government and municipalities can raise funds in the capital markets.
C)
Only municipalities can raise funds in the capital markets.
D)
Municipalities, the federal government, and corporations can raise funds in the capital markets. - D)
Municipalities, the federal government, and corporations can raise funds in the capital markets.
Local government investment pools (LGIPs) are established by
A)
the federal government to provide municipalities a place to invest funds long term.
B)
states to provide municipalities a place to invest funds short term.
C)
states to provide municipalities a place to invest funds long term.
D)
local municipalities to allow states a place to invest funds short term. - B)
states to provide municipalities a place to invest funds short term.
Your broker-dealer is a fully disclosed firm. This means that it
A)
acts as its own back office, performing all functions such as sending out customer statements.
B)
,holds customer securities at the broker-dealer.
C)
introduces its business to a clearing agent.
D)
accepts customer funds to be held at the broker-dealer. - C)
introduces its business to a clearing agent.
Which of the following may be considered suspicious?
A)
A client expressing undue concern about substantial commissions being charged to the account
B)
A customer unconcerned about losses
C)
Moving large sums of money between accounts with the same last names
D)
Transactions that alone, or in the aggregate, involve at least $2,000 - B)
A customer unconcerned about losses
The residents of the city of Sandy Place, California, recently voted in favor of issuing a bond. The
proceeds of the bond will be used to build a baseball stadium for the local minor league baseball team.
Though the bond's costs are expected to be covered by the ticket revenue from the stadium, the bond
contains a provision that requires the city to pay the bond's interest payments as well as pay the
principal at maturity if the ticket sales are insufficient. This bond is an example of
A)
a mortgage bond.
B)
a senior debenture.
C)
a revenue municipal bond.
D)
,a general obligation municipal bond. - D)
a general obligation municipal bond.
Changes in the overall economy that negatively impact securities values are called
A)
systematic risk.
B)
nonsystematic risk.
C)
unsystematic risk.
D)
universal risk. - A)
systematic risk.
An investor who commits a sizable portion of her portfolio to long-term AAA rated bonds would be
exposing herself to
A)
purchasing-power risk.
B)
uncertainty about the ability of the issuer to make timely payments of interest and principal.
C)
less market risk than if the portfolio were invested in money market instruments.
D)
liquidity risk. - A)
purchasing-power risk.
Under the Investment Company Act of 1940, an investment company may take all of the following forms
except
A)
, an open-end investment company.
B)
a unit investment trust.
C)
a limited partnership with partners as passive investors.
D)
a closed-end investment company. - C. a limited partnership with partners as passive investors.
A Japanese computer chip manufacturer wants to attract U.S equity investors. Which of the following
securities would help the issuer to accomplish this goal?
A)
Global stocks
B)
Foreign depositary receipts
C)
Yen-based stocks
D)
American depositary receipts (ADRs) - D)
American depositary receipts (ADRs)
Which of the following may not be disclosed to a potential buyer while a security is in registration?
A)
The issue is being offered through ABC Investment Bank.
B)
A brokerage report shows the security is properly valued.
C)
The issue is expected to be priced early June.
D)
There will be a road show in NYC in May - B)
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