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Đáp Án Fsy
Đáp Án Fsy
(c) A pension fund manager buys a short-term security from the issuing corporation.
(c) Debt is a claim on the issuer’s assets, but equity is a claim on the issuer’s income.
(b) the more funds a firm can raise by selling securities in the secondary market.
(a) the more funds a firm can raise by selling securities in the primary market.
(d) the less funds a firm can raise by selling securities in the secondary market
(e) secondary market prices have no effect on the funds a firm can raise.
(c) the less funds a firm can raise by selling securities in the primary market.
9.Which of the following statements about financial markets and securities are true?
(4 Điểm)
(a) A bond is a debt security that promises to make payments for a specified period of time
(b) Equities often make periodic payments called dividends and are considered to be long-
term
(c) A debt instrument is short term if its maturity is less than ten years.
10.Financial intermediaries lower costs by spreading them over a large number of
customers, thereby taking advantage of
(4 Điểm)
(b) diversification.
(a) exist because there are substantial information and transactions costs in the economy
(e) medium-term interest rates are below both short-term and long-term interest rates.
(d) medium-term interest rates are above both short-term and long-term interest rates.
(c) short-term interest rates are about the same as long-term interest rates.
(c) interest rates on bonds of different maturities move together over time.
(b) buyers of bonds do not prefer bonds of one maturity over another.
17. According to the expectations theory of the term structure
(4 Điểm)
(a) when the yield curve is steeply upward sloping, short-term interest rates are expected to
rise in the future.
(b) when the yield curve is downward sloping, short-term interest rates are expected to
decline in the future.
18.According to the segmented markets theory of the term structure
(4 Điểm)
(c) interest rates on bonds of different maturities do not move together over time.
(a) the interest rate on long-term bonds will equal an average of short-term interest rates that
people expect to occur over the life of the long-term bonds.
(b) buyers of bonds do not prefer bonds of one maturity over another.
(c) investors’ strong preferences for short-term relative to long-term bonds explains why yield
curves typically slope downward.
(a) the interest rate for each maturity bond is determined by supply and demand for that
maturity bond.
(b) bonds of one maturity are not substitutes for bonds of other maturities, therefore, interest
rates on bonds of different maturities do not move together over time.
(d) only (a) and (b) of the above.
20.The liquidity premium theory of the term structure
(4 Điểm)
(c) suggests that markets for bonds of different maturities are completely separate because
people have preferred habitats.
(a) indicates that today’s long-term interest rate equals the average of short-term interest
rates that people expect to occur over the life of the long-term bond.
(c) Loans
22.Which of the following are not reported as assets on a bank’s balance sheet?
(4 Điểm)
(b) Borrowings
(d) Reserves
d.15.67 percent
b.113 percent
a.12.67 percent
b. 7.6 percent.
d. 7.0 percent.
a. 8.0 percent.
c. 3.0 percent.
25.Securities firms focus on ____ market services; brokerage firms focus on ____ market
services.
(4 Điểm)
d. secondary; secondary
b. secondary; primary
c. primary; secondary
a. primary; primary
26.Which of the following services do securities firms (IBFs) not provide?
(4 Điểm)
a. origination
b. underwriting stock
c. distribution of stock
d. advising
d.Advising
a.Origination
b.Underwriting
c.Distribution
e.All of the above are services securities firms provide in placing bonds
28.When a bank in need of funds for a few days sells some of its government securities to a
corporation with a temporary excess of funds, then buys them back shortly thereafter, this is
aTrình đọc Chân thực
(4 Điểm)
c. repurchase agreement.