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Dinh che-tn - We may have many failures but they

I must not be defeated – Maya
buh finance (Ho Chi Minh City Banking University)
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FINANCIAL MARKET AND SMALL FINANCIAL INSTITUTIONS
Which of the following activities of the Vietnam Development Bank is similar to that of a
commercial bank?
a. Pay
b. Get long term deposit
c. Credit guarantee
d. All the above activities
We have the following two statements: I. A corporate investment fund is a fully legal entity; II. The Contract
Investment Fund is a full legal entity
a. Both statements are correct
b. Both statements are wrong
c. Statement I is correct, statement II is false
d. Statement I is false, statement II is correct
Custodian bank means a bank that: I. Regularly supervises the activities of the fund management company; II. To own a
part of the assets but not more than 100% of the total assets of the investment fund; III. Having the right to refuse to pay
for illegal transactions of the investment fund; IV. To be entitled to fund management fees from the investment fund in
accordance with the law and the fund's charter; V. To be entitled to the fund's asset management fee and supervision fee
from the investment fund in accordance with the law and the fund's charter.
a. I, III and IV
b. II, IV and V
c. I, II and III
d. I, III and V
In insurance, the gathering of people with the same risk into a community to disperse the financial
consequences of losses is called the principle?
a. The principle of ensuring the law of the majority
b. The principle of insurable interest

c. Principle of absolute honesty
d. Compensation principles
Inaccurate statement about the payment of stock dividends
a. Does not change the equity of the company

b. Does not change the ownership ratio of existing shareholders
c. Increase the share ownership ratio of existing shareholders
d. Increasing shareholder's contributed capital The exchange
rate will be affected by the following factors:
a. Import-Export balance
b. Foreign investment capital flow
c. The country's foreign exchange reserves
d. Both A, B & C
In essence, deposit insurance is a business:

a. Property insurance
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b. Life insurance
c. Liability insurance
d. Non-life insurance
When the closing net asset value (NAV) of a closed-end fund is less than the beginning NAV, then:
a. Investment funds are not entitled to fund management fees
b. Investment funds are entitled to fund management fees
c. Investment fund is rewarded with activity
d. Investment funds are entitled to fund management fees and operational bonuses
Investor X has just short sold shares of company ABC. To hedge the risk of ABC stock price
fluctuations, investor X should do:
a. Buy call options
b. Buy put option
c. Sell call options
d. Sell put option
Self-trading in securities means:
a. Using clients' money to buy securities for the company itself

b. Securities companies buy and sell securities for themselves
c. Research and analysis to choose good stocks
d. All sentences are correct
The order of return of capital to owners in case of bankruptcy or dissolution of a joint stock company is:
a. Bonds – Common Stocks – Preferred Stocks

b. Preference shares – Bonds – Common shares.
c. Bonds – Preferred shares – Common shares
d. Common Stocks – Preferred Stocks – Bonds
In the event that the company issues new shares at a price lower than the market price through the issuance
of a perpetual right, if the existing shareholders do not exercise the right, they will have to know which of the
following losses they will suffer: ?
a. The company's stock price falls
b. Shareholder ownership is reduced
c. It may not be possible to sell the right forever
According to the equitization results in 2012, the ownership structure of Joint Stock Commercial Bank for
Investment and Development of Vietnam: the State holds 95.76%; Investors bought through auction 3.68% and
officers and employees hold 0.56% shares. According to the plan, the State will sell some shares to gradually reduce
the ownership rate. This form of offering is called?
a. Major shareholders sell their equity to the public
b. Offering shares to the public to become a public joint stock company

c. Offering shares to the public to raise capital
d. No sentence correctly
Which of the following organizations cannot mobilize savings deposits from the population, except:
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a. Investment banking
b. Commercial Bank
c. Securities investment company
d. Bankers Association
Treasury bills are issued in the form of discount with a par value of VND 100,000, term of
182 days and an interest rate of 8%/365 days. The discount rate for the above bill is:
a. 7.59%
b. 8%
c. 9%
d. ten%
What is a financial institution that belongs to the group of credit institutions?
a. Securities Company
b. Financial leasing companies
c. Insurance company
d. Investment funds
Usually, stock warrants are the option... to buy a certain amount of... at a specified
price for a specified period in the future.
a. Short term, stocks
b. Short term, bonds
c. Long term, stocks
d. Long term, bonds

Which of the following statements is incorrect about the issuance of investment fund certificates to the
public?
a. The issuance of securities investment fund certificates for the first time to the public is carried out concurrently with the procedures for applying
for permission to establish a securities investment fund.
b. The issuance of securities investment fund certificates to increase capital of a securities investment fund must be
approved by the State Securities Commission.
c. The total value of fund certificates applying for permission to issue reaches at least VND 50 billion.
d. There are professional processes for fund management, internal control processes, and risk management processes.
According to the regulations, securities company A is not allowed to invest in company B. Thus, securities company A
is not allowed to perform any of the following operations with respect to stock B?
a. Advising customers to invest in BE stock

b. BROKEN stock trading broker
c. Underwriting of BO shares
d. Restructuring consultancy for BE company
A treasury bill with par value of VND 1,000,000, maturity 90 days, selling price of bills of VND
980,000. What is the rate of return on this bond?
a. 2.04%/year
b. 2.00%/year
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c. 8.28%/year
d. 8.00%/year
Basic difference between stock warrants (Right) and stock warrants (Stock Warrant):
a. Duration
b. Exercise price
c. Release purpose
d. All right
What is the issuer of treasury bills in Vietnam?
a. The bank of Viet Nam
b. The financial
c. Hanoi Stock Exchange
d. Securities Company
Which of the following transactions is reposting valuable papers?
a. Short-term loans secured by valuable papers

b. Option to buy valuable papers
c. Valuable paper swap contract
d. Buying and selling valuable papers with term
In 2016, VTA Company only made 1 additional issuance of 1,000,000 ordinary shares at the price of 20,000 VND/
share and did not return capital to shareholders. The market price of VTA shares as of December 31, 2016 is VND
25,000. The charter capital of the Company as of December 31, 2016 changed:
a. 20 billion won
b. 10 billion won
c. 25 billion won
d. 35 billion won
Which of the following is not an activity of an independent investment bank?

a. Pay
b. Accepting deposits
c. Stock repo
d. A and B are correct
Securities company may perform any of the following operations: I. Securities brokerage; II. Self-
employment; III. Underwriting securities; IV. Portfolio management; V. Securities investment consulting
a. I, II, III and IV

b. I, II, III and V
c. II, III, IV and V
d. I, II, III, IV and V
GS Bank temporarily sells to LM Investment Fund 1000 US Treasury bills, par value of 1000 USD, term of
182 days (remaining term of bills is 91 days), at a discount rate (bank discount). rate) is 2.25%/year (360
days) and commits to buy it back after 7 days at a repurchase interest rate of
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3%/year (360 days). What is the value of the repurchase contract when GS bank buys back the above amount of
bills?
a. 994,917.09 USD
b. 994.893.02 USD
c. 989,329.71 USD
d. 989,321.81 USD
The difference between American and European options is in which of the following criteria?
a. Contract execution time

b. Commodities
c. Transaction method
During the validity of a traditional repurchase agreement, if the bond pays immediately, the financial
interest belongs to:
a. The seller of the bond in the repurchase agreement
b. Buyers of bonds in a repurchase agreement

c. Divide equally between the buyer and the seller in the repurchase contract
d. Neither party to the repurchase agreement is entitled
Which of the following is not a stock market instrument?

a. Local government bonds
b. Stock index futures contract
c. Foreign currency forward contract
d. Warranties
Investors buy stock options when they expect the stock price to:
a. Increase
b. Unchanged
c. Reduce
d. Both a, b and c are wrong
When the market price of a stock rises above its par value:
a. Shareholder's capital will increase
b. The company's equity will increase

c. Shareholder's capital remains unchanged
d. The company's equity surplus will increase
When the Central Bank sells Government bonds on the open market, it works
a. Tightening monetary policy
b. Loosening monetary policy
c. Tighten fiscal policy

d. Fiscal policy easing
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Know the spot rates listed at the Bank on 15/07/201X as follows: USD/VND: 22,260 – 22,330; EUR/
USD: 1.1112 – 1.1121. Customers selling EUR to buy VND, NH will apply the EUR/VND exchange rate
of:
a. 24,833
b. 24,735
c. 20.016
d. 20.095
The market price of NSC shares on the trading day with the right to buy more shares is VND 60,000/share. The
company issues additional shares according to the ratio of 4 existing shares and has the right to buy 1 more share
at the price of 10,000 VND/share. What is the theoretical value of a right?
a. 10,000 VND
b. 12,000 VND
c. 15,000 VND
d. 20,000 VND
Investors purchasing fund certificates have the following rights:
a. As a creditor of an investment fund
b. Guaranteed periodic dividend payments

c. Enjoy the benefits of Vietnam deposit insurance
d. All three sentences are wrong
In Vietnam, financial institutions are not allowed to conduct securities brokerage, except:
a. Securities investment fund
b. Securities Company
c. Fund management company
d. a and C are right
Which of the following instruments upon issuance, commercial banks must participate in deposit insurance, except:
a. Certificate of Deposit Registered for Individuals
b. Personal demand deposits

c. Personal savings accounts
d. Accept bank slips
When calculating the forward selling rate, the interest rate … for the quote currency and the interest rate … for the base currency is applied.
a. deposits…loans
b. loans…deposits
c. deposit…deposit
d. lend… lend
Credit institution A redeems treasury bills with the following characteristics: par value of 10 million dong, term
of 270 days, in the form of discount from credit institution B when the bill has 45 days left to maturity at a
discount rate. bond equivalent yield 10%/year. What is the purchase price of A's bill?
a. VND 10,000,000/credit card
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b. 10,608,931 VND/Bill
c. 9,311,224 VND/T-Bill
d. 9,878,214 VND/T-Bill
Company X issues additional common shares to raise capital by providing short-term rights with a
ratio of 4 rights to buy 1 share at $75, the reference price of X shares after capital increase is $90. . So
what will the price of the right be?
a. 2.5 USD
b. 3 USD
c. 3.75 USD
d. 15 USD
Reinsurance activities:
a. The sale of an insurance contract by an insurance enterprise to another insurance enterprise
b. Is the business performing the renewal of insurance contracts for customers

c. An insurance contract is an insurance contract between an insurance company and other
insurance companies
Usually in the portfolio of life insurance companies, the type of investment that accounts for the highest
proportion is?
a. Share
b. Loans
c. Bonds
d. Real estate
When inflation in Vietnam increases sharply compared to the US, then:
a. USD/VND exchange rate will increase
b. USD/VND exchange rate will decrease
c. Beneficial for importers

The investment fund accepts the redemption of issued fund certificates when requested by the investor as:
a. Open-ended investment fund
b. No investment fund allows it

c. Closed-ended investment fund
d. Both a and c are correct
Vinamilk Company (VNM) currently has 175 million common shares outstanding, the book value per share
(Book Value Per Share) is 30,000 VND, the company pays a stock dividend at the rate of 50 per share. %. After
this transaction, what will be the book value per share of VNM?
a. 30,000 VND
b. 20,000 VND
c. 15,000 VND
d. 10,000 VND
Types of securities trading include?
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a. Stockbroker
b. Underwriting securities
c. Financial advice and securities investment
d. All of the above are true

Which of the following is true in the indirect finance channel?
a. Lenders provide loans

b. Financial intermediaries raise funds from those with surplus funds and lend them back to those who lack funds
c. Capital moves from the surplus side to the deficit side without going through financial intermediaries
d. Borrowers are required to have collateral

For a put option, when the strike price is larger than the current price, the contract premium will:
a. More expensive
b. Cheaper
c. Constant
d. Unpredictable
Treasury shares have the following rights:
a. Dividends like preferred shareholders

b. Dividends paid after common shareholders
c. Right to vote
d. All sentences are wrong
Which of the following operations of a securities company requires the largest legal capital? (Does not take into
account derivative-related transactions)
a. Agency
b. Self-employed
c. Issuance guarantee
d. Investment consulting
According to current regulations, Vietnamese commercial banks are allowed to:
a. Directly trading securities

b. Direct financial leasing business
c. Direct insurance business
d. Indirectly performing securities, insurance and financial leasing activities through the
establishment of subsidiaries
Paying stock dividends is in the form of:
a. Convert capital surplus into equity

b. Transfer undistributed profits to charter capital
c. Convert capital surplus to retained earnings
Investor A has purchased 1 American put option contract (HD) on IBM stock (CP). Contract size is
100 shares/share, exercise price is 30 USD, fee is 2 USD/share, expires in August 2016. IBM stock is
trading on the market at $26. Investors will:
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a. Do not perform the contract because you are losing 200 USD/HDD
b. Profit 200 USD/contract if the contract is executed
c. Profit 400 USD/contract if the contract is executed
d. Loss of 400 USD/contract if the contract is executed
Today Ms. B commits to buy Japanese Yen and sell US Dollar. The sale will take place in two
months, but the rate is determined today. Which of the following is true?
a. The Yen will definitely depreciate against the US dollar in the next 2 months
b. The US dollar will definitely depreciate against the yen in the next 2 months
c. Mrs. B entered into a forward contract

d. Ms. B has eliminated exchange rate risk
Interest rates are important to financial institutions because when interest rates rise, they:
a. Lower the cost of raising capital

b. Increases the cost of raising capital
c. Increase income from liabilities

d. Sentences b and c are correct
When the joint-stock company is liquidated, bankrupt or dissolved, the common shareholders of the company will be refunded
the capital contribution equivalent to:
a. Par value of shares

b. Share price that the owner bought
c. Real value of shares
d. Liquidation value of shares When the
company pays dividends in cash
a. The company's assets decrease
b. Charter capital decreased
c. Decrease in equity
The price of a discounted commercial paper with 182 days remaining is $7,840. Indicates the cash flow that
the investor will receive if the return on investment is 4.093%/year.
a. 8,000 USD
b. 7,840 USD
c. 10,000 USD
d. 8,100 USD
Shareholder A holds 2 shares out of 100 shares of a joint stock company. When the company pays a stock
dividend at the rate of 20%. Share holding ratio of shareholder A after additional issuance:
a. first%
b. 2%
c. 1.1%
d. 1.2%
According to asymmetric information theory, prior to the issuance of a financial asset, an issuer
intentionally generates fake revenue to attract investors, known as:
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a. Professional risk
b. default risk
c. Adverse selection
d. Moral hazard
In the long run, when the demand for domestic goods in the US increases sharply and the USD interest rate is higher than the EUR interest rate,
then...
a. EUR/USD fell
b. In favor of US exporters
c. EUR/USD rate increases
d. a and B are true
In which of the following characteristics are right and stock warrants similar?
a. Issuers are joint stock companies

b. Expiration time
c. Prices move in the same direction as the market price of the underlying commodity
What is the relationship between the price of an American stock option and the time to expiration?
a. Proportional relationship
b. Inverse proportional relationship
c. No relationship
d. The relationship has not been determined
One of the benefits of mutual funds is?

a. Minimize systemic risk by investing in a diversified portfolio of securities
b. Minimize unsystematic risk by investing in a diversified portfolio of securities
c. Reduce credit risk by investing in high-quality bonds
d. Minimizing all risks by investing in a diversified portfolio of securities Which
commercial bank's business of discounting valuable papers?
a. Debt assets
b. Property has
c. Rose intermediary
d. Off-balance sheet
What is a financial institution that cannot provide payment services?
a. Commercial Bank
c. Vietnam Development Bank

d. Bank for Social Policy
A reasonable measure of return on investment for a callable bond is:
a. Yield to Call
b. Coupon rate
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c. Yield to Maturity
d. Current yield
The subrogation principle only applies to:
a.Insurance asset
b.Insurance civil liability
c.Insurance human
d. Both a and b are correct
Successful issuance of the following instruments increases the company's debt, except
a. Dividend preference shares
b. Guaranteed Bonds
c. Bonds
d. Negotiable
Rights to buy shares (Rights) are issued by:
a. Joint Stock Company
b. Individual investors
c. Limited liability company

d. All sentences are correct.
When the GBP/USD rate increases, it means:
a. The British pound appreciates against the US dollar
b. The British pound depreciates against the US dollar
c. The US dollar appreciates against the British pound
d. In favor of UK exporters
Which of the following measures reasonably reflects the rate of return on Treasury bills?
a. Discount yield on par (i discount)

b. Return on investment
c. Interbank market interest rate

d. Directive interest rate of the Ministry of Finance
The function of the underwriter in the form of underwriting under the contingency
method is: (I) Advising the issuer on how to raise capital (II) Paying investors on behalf of
the issuer in in case the issuer is unable to pay (III) Offers and distributes securities to
the public (IV) Commits to buy all undistributed securities
a. Statements I and II
b. Statements I, III and IV
c. Statements I, II, III, and IV
d. Statements III and IV
International payments Which business of commercial banks?

a. Debt asset business
b. Property operations have
c. Commission intermediary business
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d. Other profession
What does the term "Vnibor" mean?
a. Average interbank interest rate announced by the State Bank of Vietnam

b. Open market interest rate announced by the State Bank of Vietnam
c. Estimated real interest rates for money market published by the State Bank of Vietnam
d. Expected interest rate forecast index published by the Ministry of Finance
A financial company is allowed to carry out the following activities, except:
a. Receive deposits from individual customers
b. Receive deposits from institutional customers
c. Financial leasing
d. Bank guarantee
Which of the following activities may a financial leasing company perform?
a. Receive personal deposits

b. Performing payment service via customer's account
c. Operating lease
All of the following are true when a company issues ordinary shares at a price above
par, except:
a. Shareholder's capital increase
b. Equity surplus increased

c. Equity increased
d. Increased debt
Bank X quoted the exchange rate as follows: THB/JPY: 3.0804 – 3.2900; THB/VND: 661.54 – 689.84. Customer
sells 2 million Japanese Yen (JPY) to Bank X. The amount of VND the customer receives is:
a. 447.900.000 VND
b. 402,151,900 VND
c. 4,076,000,000 VND
d. 8,930.676 VND
Reserve of valuable papers belongs to which business of commercial banks?
a. Property has
b. Debt assets
c. Rose intermediary
d. Off-balance sheet business
The spot rate listed at the bank is as follows: AUD/HKD: 7,2961/93; AUD/NZD: 1.1224/34; USD/HKD:
7.7529/33; Interest rate (%/year) for 3-month term; USD: 2 – 2 1/4; AUD: 4 1/2 – 4 3/4; (Coins are
calculated on a 365-day year). Doma Company will collect USD after 90 days and at that time it is also
due to pay for the goods to suppliers in the Australian market. To avoid exchange rate risk, Doma
company signed a contract to sell USD with a term of 90 days with the bank. The applicable forward rate
is:
a. USD/AUD: 1.0622
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b. USD/AUD: 1.0626
c. AUD/USD: 0.9346
d. AUD/USD: 0.9362
Valuable papers used as reserves by commercial banks usually include the following instruments,
except:
a. Certificates of deposit
b. Life insurance contract

c. Negotiable
d. Treasury Bills
Insurance helps people:
a. Prevent risk
b. Protection against financial loss
c. Minimizing the risk of a mishap

What is the instrument that reflects the price of the right to use credit?
a. Inflation rate
b. Exchange rate
c. Interest rate
d. Consumer price index
An investor buys a commercial paper with par value of 100,000 VND, term 182 days (30 days remaining)
for 99,300 VND. What is the annual rate of return (365 days) investors expect to receive?
a. 8.52%
b. 1.41%
c. 8.58%
d. 1.40%
Consulting on mergers and acquisitions is one of the main operations of:
a. Commercial Bank
b. Investment banking
c. Development banks
d. Social Policy Bank
Which of the following markets has the function of financing long-term investments such as building
factories, offices, highways, schools?
a. Currency market
b. Capital market
c. Securities listing market
d. Decentralized market
The organization selects and decides interest rates for the issuance of treasury bills
a. The bank of Viet Nam

b. State Treasury
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c. Securities companies
d. The commercial banks
Services that commercial banks provide on the stock market include:
a. Issuance guarantee
b. Investment fund supervision
c. Securities Depository
d. All three sentences are correct
Which of the following types of risk can be mitigated through diversification: I - Financial risk; II - Market
risk; III - Credit risk; IV - Interest rate risk; V - Exchange rate risk.
a. I
b. II, IV and V
c. I and III
d. II, III, IV and V

What is a life insurance business?
a. Deposit mobilization institution
b. Credit institutions
c. Payment service providers

Coupon bonds issued by ABC company, rated AAA by S&P, have a par value of VND 1,000,000, coupon
interest rate of 10%/year, remaining term of 3 years. The bond's yield to maturity is 10%. What will the
current price of the bond be?
a. 1,000,000 VND
b. 881,000 VND
c. 1,064,180 VND
d. 1,142,780 VND
According to the current regulations of Vietnam, which of the following criteria is used to distinguish between a
bank and a non-bank credit institution?
a. Deposit received
b. Customers who receive deposits
c. Deposit type received
Basic differences between futures and forward contracts:

a. Futures contracts are traded on a centralized market
b. Futures contracts are calculated daily profit/loss at market price
c. When trading futures contracts, investors are required to make a deposit
d. All right
Accident and human health insurance is called:
a. Social insurance
b. Life insurance
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c. Non-life insurance
d. Civil liability insurance
In the closing session of week n of the Vietnam stock market, VN-Index reached 496.79 points, up 12.68
points compared to the closing session of the second week (n-1). This increase is equivalent to:
a. 2.55%
b. 2.62%
c. 2.48%
d. 12.68%
Which of the following instruments does not receive dividends?
a. Warrant on stock
b. Right to pre-purchase shares (Rights)
c. Call option
Vietnam Securities Investment Fund (VF1) purchased 19,000 Prudential Balanced Investment Fund
(BF1) certificates. Where is this transaction made?
a. Primary market
b. Secondary market
c. OTC Market
d. Not allowed to buy
A joint stock company may not use the following sources to purchase treasury shares, except:
a. Bank loans
b. Bonus and welfare
c. Debt capital of customers
d. Surplus equity
Kiti Joint Stock Company has total assets of VND 100 billion and debts of VND 30 billion. The company has issued 4
million common shares with par value of 10,000 dong, and 500,000 preferred shares with par value of 10,000
dong. Currently the company's treasury shares are 400,000 shares and the price of common stock is 32,000,
preferred stock price is 23,000. What is the book value per common share?
a. VND 18,056/share
b. 16,250 VND/share
c. VND 14,625/share
d. 24,028 VND/share
Which of the following statements is not correct?
a. The foreign exchange market is a market that deals only with foreign currencies
b. The foreign exchange market is a market that deals only with foreign currencies & international standard gold
c. The forex market is a 24/7 trading market

Statement about a long position in an options contract:

a. The seller of a call option (Writing a call option)
b. Buyer of a put option
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c. Seller of a put option contract (Writing a put option)
d. All is incorrect
The bank quotes the exchange rate as follows: EUR/VND: 28,258 – 28,740; USD/VND: 21,090 – 21,150. Kaka Import-
Export Company sells 200,000 EUR to buy USD from the bank. The amount of USD the company received is:
a. 267,980 USD
b. 272,540 USD
c. 271,780 USD
d. 267,220 USD
Investors buy newly issued certificates of deposit with par value of VND 100 million, term of 180 days for VND 96
million. Assuming expected inflation next year is 5.6%/year, what is the real interest rate on this investment?
a. 2.85%/year
b. 8.45%/year
c. 14.05%/year
d. 6.97%/year
GE Corporation issues commercial paper with a maturity of 270 days. This transaction belongs to: I. Money market;
II. Capital market; III. Debt instrument market; IV. Capital instrument market; V. Primary market; BECAUSE.
Secondary market.
a. I, IV and V
b. II, III and VI
c. I, III and V
d. II, III and VU
The spot rate listed at the bank is as follows: AUD/HKD: 7,2961/93; AUD/NZD: 1.1224/34; USD/
HKD: 7.7529/33. Customers buying US Dollars (USD) pay with Australian Dollars (AUD), the
exchange rate applied to customers is:
a. AUD/USD: 0.9410
b. USD/AUD: 1.0621
c. AUD/USD: 0.9414
d. USD/AUD: 1.0627
Which of the following strategies would an investor take if he thinks the stock price will fall significantly in
the future?
a. Buy call options

b. Sell call options
c. Buy put option
d. Sentences b and c are correct
Securities company is not allowed to perform the following operations for customers?
a. Securities depository for customers
b. Advance loan for selling securities
c. Open an account with money for customers
d. Margin trading loan
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Which of the following instruments usually has the shortest duration?
a. Bonds
b. Share
c. Warranties
d. Repurchase agreement
What is the highest decision-making authority of a securities investment fund?
a. Investor meeting
b. Fund Representative Board
c. Fund management company
d. custodian bank
What is the term "Bancassurance"?
a. Compulsory banks to buy insurance for customer deposits

b. A credit service that banks provide exclusively to insurance companies
c. A new form of investment by insurance companies
d. Form of cooperation between insurance and banks in the distribution of insurance products
Company N has a profit before tax and interest of 14 billion dong. Assuming the company's capital consists
of common shares and VND80 billion in debt at an interest rate of 8%/year, the corporate income tax rate is
40%. What is the remaining profit for common shareholders?
a. 4.56 billion VND
b. 7.60 billion VND
c. 6.40 billion VND
d. 3.04 billion VND
GS Bank temporarily sells to LM Investment Fund 1,000 US Treasury bills, with par value of $1,000, term of
182 days (remaining term of bills is 91 days), at a discount rate (bank discount). rate) is 2.25%/year (360
days) and commits to buy back after 7 days with the repurchase interest rate of 3%/year (360 days). What is
the contract value when GS bank temporarily sells the above amount of bills?
a. 994,421 USD
b. 994,313 USD
c. 988,753 USD
d. 988,905 USD
All of the following are true when a company issues shares below par, except:
b. Equity surplus decreases

c. The interests of existing shareholders may be affected
d. Shareholder's capital decreased
Which of the following is most relevant to adverse selection in insurance?

a. Customers intentionally conceal information about their health conditions when purchasing life insurance.
b. Customers abuse the use of drugs and medical services in health insurance.
c. Customers do not pay attention to car maintenance after buying property insurance.
d. Customer commits suicide after purchasing life insurance.
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Enterprises with capital needs for long-term investment in fixed assets can choose which of the following
options?
a. Borrowing from commercial banks
b. Issuance of shares
c. Release Stock
Stockbrokers are allowed to perform the following tasks, except:

a. Receive orders from investors to enter into the system
b. Provide research reports

c. Buying and selling decisions on behalf of customers
d. Investment consulting
According to the Law on Credit Institutions No. 47/2010/QH12, which of the following types of banks do not exist?
a. Commercial Bank
b. Policy Bank
c. Cooperative Bank
d. Investment bank
An equity premium arises when:
a. Profitable company
b. Issuance of common shares at a price higher than par value
c. Issuance of common shares at a price lower than par value
d. All cases
Who is the designated payment organization for transactions of shares listed on the Vietnamese stock
market?
a. Bank for Investment and Development of Vietnam
b. Vietnam Development Bank

c. Stock Exchange
d. The bank of Viet Nam
When the insured violates the principle of absolute honesty, the policy may remain in
force if the insured:
a. Accidentally did not declare
b. Hide information
c. Deliberately false declaration
Which of the following is a property of a perpetual right (right to pre-purchase shares)?
a. The exercise price is usually higher than the market price of the stock
b. Open to all company owners

c. Short-term
d. Making a company increase capital The
right to forever (Right) is:
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a. The right allows an existing shareholder to buy a new number of shares at a specified price for an extended
period of time.
b. The right entitles an investor to purchase a new number of shares at a specified price, usually below the current
market price, for an extended period of time.
c. The right entitles an existing shareholder to purchase a new number of shares at a price usually
below the current market price for a short period of time.
d. All sentences are correct.
The spot rate listed at the bank is as follows: AUD/HKD: 7,2961/93; AUD/NZD: 1.1224/34 ;
USD/HKD: 7.7529/33. Customers who sell 100 NZD will get
a. 15.4 HKD
b. 15.38 HKD
c. 649.47 HKD
d. HKD 650.33
Conditions for a securities company to conduct consulting, brokerage and trading in
derivatives are:
a. Charter capital, equity from 300 billion or more
b. Charter capital, equity from 600 billion or more
c. Charter capital, equity from 800 billion or more
d. Charter capital, equity from 3000 billion or more
When calculating the forward buying rate, apply the interest rate … for the quote currency and the interest rate … for the base currency.
a. deposits…loans
b. loans…deposits
c. deposit…deposit
d. lend…loan
What is the difference between lending interest rates of financial companies and commercial banks?
a. Finance company loans are less risky

b. Loans from finance companies are more liquid
c. The loan term of the finance company is longer
Company ABC currently has 280 million common shares outstanding, the book value per
share is 20,000 VND, the company pays a stock dividend at the rate of 20%. After this
transaction, the book value per share of VNM will be:
a. 20,000 VND
b. 24,000 VND
c. 16,667 VND
d. 10,000 VND
A securities company that conducts securities brokerage and trading activities at the same time must:
a. Prioritize for customers

b. Separation of customer accounts from company accounts
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c. Separation between brokerage activities and proprietary trading activities
The type of option contract that allows the holder of the option to exercise the right to buy/sell
the underlying asset at any time during the term of the contract is:
a. American style options
b. European style options

c. Dutch options
According to current regulations, in order to be licensed to carry out all business operations
(excluding derivatives trading), a securities company must have a minimum charter capital of:
a. 43 billion VND
b. 300 billion VND
c. 135 billion VND
d. 200 billion VND
What is the profit for the call option buyer?

a. Unlimited profit, limited loss
b. Limited profit, infinite loss
c. Infinite profit, infinite loss
d. Limited profit, limited loss
The following amounts are revenue from the main business activities of the insurance enterprise, except:
a. Collect reinsurance fee

b. Collect original insurance premium
c. Income from securities investment activities
d. Collect reinsurance transfer commission
In Vietnam, which of the following interest rates is commonly used as the risk-free rate?
a. One-year savings interest rates of commercial banks

b. 10-year Treasury bond yield
c. Treasury bill interest rate
d. Basic interest rate announced by the State Bank of Vietnam
Which of the following financial institutions oversees the global financial system?
a. International Monetary Fund (IMF)
b. European Central Bank (ECB)

c. World Bank (WB)
d. Asian Development Bank (ADB)
Company Y issues 10,000,000 shares to increase capital, the issue price is VND 14,000/share, the par value of
shares is VND 10,000. After release:
a. Shareholder's capital increased by 140 billion VND
b. Share capital surplus increased by 40 billion VND
c. Equity increased by 100 billion VND
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d. Both b and c
Mr. X bought 100 shares of ABC at the price of VND 44,000/share. A year later, he received a
dividend of 1,000 dong/share and ABC's stock price had dropped to 41,000 dong/share. The
return on investment in Mr. X's stock is:
a. – 6.82%
b. 2.27%
c. 9.09%
d. – 4.55%
Typically, what would an investor's required rate of return in financial assets?
a. Greater than bank interest rate
b. Greater than Treasury bill rate

c. Greater than corporate bond yields
d. Greater than mortgage interest rate

When the company makes a repurchase of common shares, the book value per share (Book Value per
Share), will:
a. Increase
b. Reduce
c. Constant
d. Unidentified
When market interest rates fluctuate, income from holding which of the following financial instruments will be directly
affected?
a. Debt Instruments
b. Capital instruments
c. Derivatives
d. Conversion tool
When market interest rates do not change, the return investors do not receive if they buy and
hold coupon bonds to maturity is:
a. Price difference
b. Contradictory
c. Dividend reinvested interest
d. Face value
In Vietnam, a securities investment fund can be established in which of the following forms?
a. Corporate investment fund
b. Contract investment fund

c. Both a and b are correct
d. A and B are wrong
The right to sell bonds is exercised when:

a. Market interest rates & bond prices increase
b. Market interest rates rise & bond prices fall
c. Market interest rates fall & bond prices increase
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d. Market interest rates and bond values fall
Which of the following financial institutions is an investment bank?
a. Bank for Investment and Development of Vietnam
b. Vietnam Development Bank

c. Housing Development Bank in the Mekong Delta
The S&P 500 credit rating of company X is AAA and company Y is BBB, and the maturity of the two bonds issued
by these two companies is the same. Which of the following statements is the most accurate?
a. The coupon rate of bond X is usually greater than the coupon rate of bond Y
b. The coupon rate of bond X is usually less than the coupon rate of bond Y
c. The yield to maturity of bond X is usually greater than the yield to maturity of bond Y
d. The yield to maturity of bond X is usually less than the yield to maturity of bond Y
What is the price of one country's currency relative to another country's currency?
a. Exchange rate
b. Interest rate
c. Consumer price index
Which of the following organizations is not required to participate in deposit insurance?
a. Financial company
c. State commercial banks

d. Social Policy Bank
The multi-function model is a model of financial institutions that performs which of the following activities?
a. Trading currencies, securities and insurance

b. Receive deposits, co-finance loans and payments
c. Underwriting, investment management and securities trading
A securities company is only allowed to perform securities underwriting operations when it has been allowed
to perform which of the following operations?
a. Stockbroker
b. Securities Depository
c. Self-employed
d. Portfolio Manager Call

options seller:
a. Standing on the bullish view
b. Standing on a bearish view
c. Have a view that does not depend on the price of a stock to rise or fall in the future
An investor shorting a stock when predicting the price of the stock will:
30
a. Increase
b. Unchanged
c. Reduce
d. All is incorrect
Which of the following is considered an issue of securities to the public: (I) Offering for sale
through the mass media, including the Internet (II) Offering for sale of securities to 100 or more
investors, no professional securities investors (III) Offered to an unspecified number of investors
a. Statements I and II
b. Statement I or II
c. Statement I or II or III
d. Statements I, II and III
Which of the following securities may be issued in conjunction with a bond or preferred stock that
entitles its holder to the right to purchase a specified number of shares of common stock at a
specified price during a specified period. :
a. Preferred stock
b. Bonds (Bonds)
c. Stock Warrants
d. Right to pre-purchase shares (Right)
April 27, 2017 is the last registration date to receive interest on government bonds TD1621470 on the Hanoi
Stock Exchange. According to the T+1 payment cycle, the start date of the first interest-free transaction is:
a. April 27, 2017
b. April 26, 2017
c. April 25, 2017
d. All is incorrect
In the offering session of 3,000 billion VND of treasury bills, announced interest rate is 8%/year in the form
of volume bidding of the State Bank, Bank A bid 1,200 billion VND, knowing the total bid volume is 6,000
billion VND with 10 organizations participating in the bid. What is the winning volume of Bank A?
a. 600 billion VND
b. 1,200 billion VND
c. 300 billion VND
d. 1,500 billion VND
When the VND appreciates against the USD, the Vietnamese people's trip to the US will:
a. Cheaper
b. More expensive
c. Unaffected
The stock market is on the rise, VNM's stock has increased in price continuously for many sessions. As an
investment consultant, you would advise your clients to:
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a. Buy VNM stock because I'm sure the price will continue to rise.
b. Selling VNM stock because I'm sure the price will drop.
c. Do not buy because the market is not stable
d. Only provide enough information for customers and let them make their own buying and selling decisions
All of the following are true when a company issues shares below par, except:
b. Equity surplus may decrease

c. The interests of existing shareholders may be affected
d. Equity surplus increased

Common shares and dividend preference shares differ in the following points: (1) The life of the shares;
(2) Right to vote; (3) Rate and method of dividend payment; (4) Order of division of assets when the
company is liquidated or dissolved
a. Statements II, III and IV are correct
b. Statements I, II, and III are correct
c. Statements III and IV are correct
d. Statements I, II, III and IV are correct
According to Vietnam's regulations, which of the following financial institutions can mobilize deposits from
businesses?
a. Fund management company
b. Securities investment fund
c. Financial company
d. Securities Company
Which of the following is the owner of a joint stock company?
a. Bondholder
b. Common shareholders
c. Shareholders holding dividend preference shares
d. Both b and c
The exchange rate information as of August 20, 2017 is as follows: USD/VND = 22,310 – 22,470; AUD/VND =
16,100 – 16,450; The AUD/USD rate is:
a. AUD/USD = 0.7165 – 0.7373

b. AUD/USD = 1.3562 – 1.3957
c. AUD/USD = 0.7217 – 0.7320
d. AUD/USD = 1.3857 – 1.3660
A stock is considered overvalued if its market price…
a. Less than book value
b. Higher than book value
c. Intrinsic value lower than intrinsic value
d. Higher than intrinsic value
Which of the following is a financial intermediary, except:
30
b. Mutual Funds
c. Remittance company
d. Commercial Bank
Which of the following sources of capital is the initial basis for forming other sources of
capital?
a. Mobilized capital
b. Loans
c. Equity
The difference between mortgage lending of valuable papers and repurchase contract (Repo) mainly shows
in:
a. Term of the loan

b. Instruments used as collateral
c. Loan interest rate
d. Legal right to sell collateral Traditional
business of investment banking:
a. Get long term deposit
b. Loan for medium and long term projects
c. Underwriting securities
d. Stockbroker
Which of the following is not true about futures contracts?
a. Investors are required to deliver the goods at the expiration of the contract
b. Investors must deposit trading

c. The contract is calculated daily at the market price
d. Daily profit/loss payment
At the time of conversion, if all convertible bonds are converted into common shares by
the bondholder, then:
a. Earnings per common share (EPS) increase
b. Earnings per common share (EPS) is not affected

c. Earnings per common share (EPS) declines
d. All is incorrect
In the bidding session to offer 500 billion VND of treasury bills in the form of competitive bidding with interest rates
(considering bids at unit price & without direct interest rate), there were 5 bidding organizations with the corresponding
volume and interest rate. as follows: A (200 billion - 8%/year), B (400 billion dong - 8.3%/year), C (100 billion dong - 7.9%/
year), D (100 billion dong - 8 .3%/year), E (50 billion dong - 8.2%/year). What is D's winning interest rate and volume?
a. 8.3% - 120 billion dong
b. 8.3% - 30 billion VND
c. 8.3% - 100 billion dong
30
d. 7.9% - 30 billion VND
Underwriting means that the underwriter helps the issuer to perform the following
tasks, except:
a. Carry out the procedures before the securities offering
b. Accept to buy part or all of the issuer's securities for resale

c. Ensure the solvency of the issuer
d. Distributing securities to issuers
The company issues redeemable bonds with a fixed interest rate of 12%/year. In which of the following cases will the
company buy back the above bonds?
a. The company's profit after tax increased by 12%
b. The company's profit after tax decreased by 12%
c. Market interest rates rise to 16%
d. Market interest rate drops to 8%

A currency option contract between Vietcombank and customer X. X must pay an option
premium for:
a. Broker whether to execute the contract or not
b. Vietcombank only when X performs the contract
c. Broker when X executes the contract

d. Vietcombank whether X performs the contract or not
Commercial bank guarantee business belongs to:
a. Debt asset business
b. Property operations have
c. Off-balance sheet operations (commission intermediary)
Which of the following types of transactions does a central bank not conduct?
a. Issuance of banknotes
b. Issuance of treasury bills

c. Issuance of bills to stabilize the currency
d. Loan payment support

The insurance enterprise's premium is:
a. Profits of insurance enterprises
b. Indebtedness of the insurance company to the customer
c. Amount owed by the customer to the insurance company
d. All is incorrect
Know the spot rates listed at the Bank on 15/07/201X as follows: USD/VND: 22,260 – 22,330; USD/
CHF: 0.9798 – 0.9805. Customers selling CHF to buy VND, NH will apply the exchange rate of CHF/
VND as:
a. 22.703
b. 22.719
c. 25.227
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d. 22.790
When receiving orders from customers, a securities company is not required to:
a. Check the money
b. Check the legitimacy of the order slip
c. Check the contract to open a trading account between the client and the company
d. Check customer's stock

For bonds sold above par value:
a. Coupon Yield = Current Yield = Yield to Maturity
b. Coupon yield < Current Yield < Yield to maturity
c. Coupon yield > Current Yield > Yield to maturity
d. There is no relationship between interest rates
Finance leasing companies in Vietnam are not allowed to provide credit for which of the following assets?
a. Factory
b. Machines
c. Device
d. Transportation
The buyer of a call option on a stock will:
a. Pay a fee, have the right to sell shares at a certain price
b. Receive fees, have the right to buy shares at a certain price
c. Pay a fee, have the right to buy shares at a certain price
d. Receive fees, have the right to sell shares at a certain price Which
of the following statements is true?
a. The primary market provides liquidity for commodities
b. The secondary market provides new goods to the market

c. The secondary market is more important than the primary market
d. Commodities traded on these two markets are the same
Two coupon bonds have the same face value and nominal interest rate. However, bond A has a term of 10 years
and bond B has a term of 5 years. The most accurate statement is:
a. Bond A has a greater reinvestment risk than Bond B

b. Bond A has a smaller rollover risk than Bond B
c. Bond A has the same reinvestment risk as Bond B
d. The reinvestment risk of the two bonds cannot be compared
Which of the following sources of investment is permitted for a life insurance company?
a. Idle insurance risk reserve

b. Equity
c. Loans
Based on the duration, the financial market structure is divided into:
30
a. Money market and capital market
b. Capital market and stock market
c. Money market and open market
d. Primary Market & secondary market The
foreign exchange market is:
a. Virtual financial market
b. Investors always lose money in this market

c. Only organizations are allowed to participate
A bond's Duration will increase when:

a. Yields to maturity increase
b. Coupon interest rate increase
c. Maturity increased
d. Current interest rates increase
Paying stock dividends will:

a. Increase the benefits according to the proportion of shareholders in the company
b. Do not change the percentage of shareholders' interests in the company
c. Reduce the benefits according to the proportion of shareholders in the company
A bond with a high coupon rate that is sold for more than par with a call to par value.
Who is the beneficiary of this withdrawal condition?
a. Bond holders
b. Publisher
c. Brokers
d. Guarantor
A share option (Right) is an option... to buy a certain amount of... at a specified price for
a specified future period.
a. Short term, common stock
b. Short term, bonds
c. Long term, common stock
d. Long term, bonds

Know the spot rates quoted at the bank on 25/10/20xx as follows: AUD/USD: 0.9411 – 0.9414; USD/
HKD: 7.7529 – 7.7533; EUR/USD: 1.3531 – 1.3535; USD/VND: 21,100 – 21,170. Customers want to
know the AUD/EUR exchange rate, the bank will announce the exchange rate as:
a. 0.6955 – 0.6956
b. 1.4373 – 1.4382
c. 0.6953 – 0.6957
d. 1.4378 – 1.4379
Unsystematic risk is a type of risk
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a. Risks can be eliminated through diversification
b. Risks that cannot be eliminated through diversification
c. Not related to investment diversification

d. Risks related to the macroeconomic environment
Common stocks and bonds have the following characteristics in common:
a. Enjoy pre-determined income

b. Enjoy non-fixed income
c. Refund on due date
d. All is incorrect
The exchange rate between the US dollar and Vietnam dong (USD/VND) on June 28, 2017 at VCB is 22,705 VND. In this
case, which currency is the base currency and which is the quote currency?
a. USD is the quote currency, VND is the base currency
b. VND is the quote currency, USD is the base currency
c. Indistinguishable in this case

d. Depending on the quote method to name
Which of the following statements is true regarding securities brokerage, except:
a. Brokers must have a practicing certificate.

b. Brokers of securities companies are only allowed to open securities trading accounts at the securities
company where they practice.
c. When a customer places an order online, this order will run directly to the Stock Exchange,
not through a securities company.
d. Securities companies must give priority to the execution of customer orders before self-trading
orders. Subjects eligible to buy Vietnam Treasury bills issued by direct method:
a. The commercial banks

b. Credit institutions
c. State bank
d. Vietnam Social Insurance
The forms of dividend payment of a joint stock company can be:
a. Cash dividends
b. Stock dividends
c. Property dividends
d. All three statements are correct
For an American option, what is the time (duration) of the contract?

a. Right at the end of the contract
b. From the date of purchase of the rights to the date of contract termination
c. Depends on the seller
d. Depends on the buyer
-------------------------------------------------------------------------------------------------------------------------------
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According to the asset valuation model using the discounted cash flow method, the intrinsic value of a financial asset is
directly affected by which of the following factors?
a. The asset's past cash flow

b. All is incorrect.
c. The cash flow that the asset brings to the holder in the future
d. Investor's financial capacity
The correct answer is: The cash flow that the asset brings to the holder in the future
The market has the function of providing capital to finance projects to build factories, highways, etc.?
a. Interbank market
b. Capital market.
c. Open market
d. Currency market
The correct answer is: Capital markets.
What is the difference between Depository Institutions and Nondepository Institutions?
a. Deposit-receiving organizations can only raise capital through receiving deposits from individuals, while non-deposit-receiving
organizations can only raise capital through receiving deposits from organizations in the economy.
b. Deposit-receiving institutions raise capital through receiving deposits from entities in the economy, while non-
depository institutions do not
c. Deposit-receiving institutions are allowed to provide non-cash payment services, while non-depository
institutions are not
d. All right.
The correct answer is: Deposit-receiving institutions raise capital through receiving deposits from entities in the
economy, while non-deposit-receiving institutions do not
What is the impact of the problem of asymmetric information when customers have bought
insurance?
a. Moral hazard
b. Weak form efficient market
d. Inefficient market.
The correct answer is: Moral hazard
The fact that investors earn higher-than-average returns when collecting and analyzing FPT stock trading history in 2016, is
a manifestation of an efficient market of the form?
Select one:
a. Medium
b. Strong
c. Weak
d. Ineffective.
The correct answer is: Less effective.
Types of efficiency of financial markets are based on efficiency in terms of?
a. Risk management.
b. Capital allocation
30
c. Information
d. The cost of capital

The correct answer is: Information
Based on the nature of capital mobility, the financial market is divided into?
a. Primary market and secondary market

b. Stock market and interbank market
c. Money market and capital market
d. Market for debt and equity instruments.
The correct answer is: Primary market and secondary market
What instruments trade on the currency market?
a. Treasury Bills
b. Share
c. Bonds
d. Fund certificates.
The correct answer is: Treasury bills
Which of the following is a long-term tool?
a. Repo Repurchase Agreement
b. Fund certificates.
c. Treasury Bills
d. Negotiable
The correct answer is: Fund certificates.
Insurance companies tend to contract with customers whose health is a manifestation of?
a. Moral hazard
b. Adverse selection
c. Efficient market
d. Trustee and agent issues.
The correct answer is: Adverse selection
Enterprise X issues bonds to the public, the amount of money collected from the issuance is VND 200 billion.
Enterprises use it to invest in a project to develop biotechnology in agricultural crop farming in district Y. Through
which channels did enterprise X raise capital?
a. Indirect financial channel through banks

b. Live finance channel
c. Indirect financial channel through investors
d. Direct financial channel through banks.
The correct answer is: Direct finance channel
Enterprise X issues bonds to the public, the amount of money collected from the issuance is VND 200 billion.
Enterprises use to invest in a project to develop biotechnology in agricultural crop farming in district Y. What
financial assets are used in this case?
a. Cash
b. All is incorrect.
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c. Share
d. Bonds
The correct answer is: Bonds
How does capital flow through the financial system?
a. Through direct and indirect financial channels
b. Only through direct finance

c. Only through indirect financial channel
d. All is incorrect.
The correct answer is: Through direct and indirect financial channels
Which of the following is a characteristic of the general-purpose model?
a. Financial institutions are provided with a full range of banking (money trading), securities investment and
insurance activities.
b. Help expand the audience and scope of capital mobilization for financial institutions
c. Difficult to control activities, easy to increase risks, especially banks

d. All right.
The correct answer is: All are correct.
What are the consequences of asymmetric information that occurs before the transaction is signed?
a. Moral hazard
b. Inefficient market.
d. Weak Form Efficient Markets State
Treasuries are managed by?
a. The financial
b. State bank
c. State Securities Committee
d. Ministry of Industry and Trade.
The correct answer is: Ministry of Finance
Asia Commercial Joint Stock Bank (ACB) established subsidiaries namely ACB Securities Company (ACBS), ACB Finance Leasing
Company (ACBL), ACB Fund Management Company (ACBC)... to participate. into industries other than banking such as
securities, insurance... What does this operating model belong to?
a. All three statements are correct.
b. Fully versatile model

c. Professional model
d. Partial multipurpose model
The correct answer is: Partial general-purpose model
What is the difference between banks and non-banking credit institutions?
a. Non-banking credit institutions may receive deposits from organizations and perform payment services through accounts.
b. Non-banking credit institutions are not allowed to accept deposits
c. Non-banking credit institutions are not allowed to accept personal deposits and cannot perform payment services through accounts
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d. Non-bank credit institutions can only accept deposits over 12 months
The correct answer is: Non-banking credit institutions cannot accept personal deposits and cannot perform payment
services through accounts
In the US market, which financial institutions can receive deposits?
a. Retirement
b. Financial company
c. Investment banking.
d. Credit Union
The correct answer is: Credit union
In the US market, which of the following institutions can receive deposits?
b. Retirement
c. Thrift organizations
d. Securities Company.
The correct answer is: Thrift organizations
Which of the following statements is true about financial assets (TSTC)?
a. TSTC is stocks, treasury bills, land use right certificates...

b. It is possible to value a financial asset through its physical form.
c. TSTC is used to directly create goods and services for the economy
d. Assets are in the form of intangible assets, representing the legal right to the benefits obtained in the future for the
owner
The correct answer is: TSTC is an intangible asset, representing the legal right to future benefits for
the owner.
Which of the following is true?
a. The stock market is a part of the money market.

b. The primary market is the market for buying and selling assets
c. Bonds, stocks, and treasury bills are traded on the capital market
d. Prices of financial assets on the secondary market are determined by supply and demand
The correct answer is: The prices of securities on the secondary market are determined by supply and demand
What is systemic risk?
a. Risk of downgrade credit rating

b. Credit risk
c. All right.
d. Interest rate risk
The correct answer is: Interest rate risk
What is unsystematic risk?
a. Risks that cannot be eliminated through portfolio diversification

b. Risks related to the market, the macro economy
c. All right.
d. Risks can be eliminated through portfolio diversification
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The correct answer is: Risk that can be eliminated through portfolio diversification
According to the Law on Credit Institutions 2010, which financial institutions can receive deposits?
b. Fund management company
c. Insurance company
d. Securities Company.
The correct answer is: Finance company
Bidding for issuance of treasury bills by competitive bidding method. Bid allocation will be prioritized according to?
a. Bid interest rate from high to low

b. Bid volume ratio
c. Depends on the State Bank.
d. Bid interest rate from low to high
The correct answer is: Low to high bid rate
Which of the following statements is the most accurate?
a. The money market is a market where only short-term debt instruments are traded
b. Money market is a market for trading treasury bills, commercial papers, certificates of deposit, stocks...
c. Bonds with 2 months remaining maturity can be traded on the money market
d. The central bank only participates in the information market with the role of a borrower.
The correct answer is: Bonds with 2 months remaining maturity can be traded on the money market
Is the statement correct?
a. is a deposit in US Dollars on a bank account located outside the US

b. All right.
c. Deposits in dollars with foreign banks or foreign branches of US banks
d. Pounds in French banks are called euro pounds
Which of the following instruments has the shortest duration?
a. Repo contract
b. Bonds
c. Certificates of deposit.
d. Share
The correct answer is: Contract Repo
Bank acceptance is?
a. Used to ask the importer to pay for the goods

b. Commercial paper accepted by the bank for payment
c. Issued by an exporting company
d. All right.
Will the Central Bank buy valuable papers from members on the open market?
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a. Increases the money supply in circulation, thereby increasing short-term interest rates
b. Reduces money supply in circulation, thereby reducing short-term interest rates

c. Increases money supply in circulation, thereby reducing short-term interest rates.
d. Reduces money supply in circulation, thereby increasing short-term interest rates
The correct answer is: Increases the supply of money in circulation, thereby reducing short-term interest rates.
Which of the following instruments are money market commodities, except?
Select one:
a. Repurchase agreement
b. Accept bank checks

c. Eurodollar
d. ETF certificates.
The correct answer is: ETF certificates.
Question8
Discount yield (i discount)?
Select one:
a. Is the ratio to the purchase price of the bill
b. Calculated according to the number of base days is 360
c. Calculated according to the actual number of days is 365
d. Used to determine an investor's actual rate of return.

The correct answer is: Calculated on a base number of days of 360
What is meant by the term Libor?
Select one:
a. Open market interest.
b. Average interbank interest rate in the US market
c. Vietnam stock market index
d. Short-term interest rates in the corporate credit market
The correct answer is: Average interbank interest rate in the US market
What is the measure that reflects an investor's actual rate of return when buying and holding Treasury bills?
a. Discount yield on par (i discount)

b. Return on investment (i investment)
c. Directive interest rate of the Ministry of Finance
d. Interbank average interest rate.

The correct answer is: Return on investment (i investment)
As for the repurchase agreement?
Select one:
a. The seller of the temporary securities poses a risk to the buyer of the temporary securities when the price of the underlying securities in the market decreases
b. Only temporary securities sellers can pose risks to temporary securities buyers.
c. The seller of the temporary securities poses a risk to the buyer of the temporary securities when the price of the underlying securities in the market increases
d. The buyer of the temporary securities poses a risk to the seller of the temporary securities when the price of the underlying securities in the market falls
The correct answer is: The seller of the temporary securities poses a risk to the buyer of the temporary securities when the price of the underlying securities
in the market falls.
30
What is the most accurate statement about certificates of deposit (CCTG)?
Select one:
a. CCTG is issued by deposit-taking institutions
b. CCTG issued by the bank
c. CCTG is issued for profit purpose
d. CCTG is usually only issued with a maturity of more than 1 year.
The correct answer is: CCTG is issued by deposit-taking institutions
An investor purchases a 30-day commercial paper for $990,000 with a face value of $1,000,000. What is the return on investment
in this commercial paper, given the actual number of days is 360?
Select one:
a. 12.12%
b. Another answer.
c. 12.21%
d. 12.16%
The correct answer is: 12.12%
Which of the following definitions best describes the interbank market?
Select one:
a. The interbank market allows financial institutions to deposit, borrow or lend to each other in the short term
b. The interbank market is a market that deals only between the central bank and commercial banks
c. The interbank market is a market that deals only between commercial banks
d. The interbank market is a market for long-term capital transactions.
The correct answer is: The interbank market allows financial institutions to deposit, borrow or lend to each other in
the short term
What is the repurchase agreement?
Select one:
a. An undertaking in which one party sells a security to the other with an undertaking to repurchase the security at
a specified time and price in the future.
b. All right.
c. The seller of securities is the lender
d. The seller of securities has no obligation to buy back securities from the buyer after the contract is terminated
Feedback
The correct answer is: An undertaking in which one party sells a security to the other with an undertaking to
repurchase the security at a specified future time and price.
A treasury bill with par value of VND 1,000,000, maturity 90 days, selling price of bills of VND 980,000. What is
the rate of return on this bond?
Select one:
a. 8.00%/year.
b. 8.28%/year
c. 2.04 %/year
d. 2.00 %/year
The correct answer is: 8.28%/year
30
What is the issuer of treasury bills in Vietnam?
Select one:
a. Securities Company.
b. Hanoi Stock Exchange
c. The financial
d. The bank of Viet Nam
Feedback
The correct answer is: Ministry of Finance
Which of the following instruments has zero default risk?
Select one:
a. Accept bank slips
b. Certificates of deposit
c. Negotiable
d. Treasury Bills.
What is the issuer of commercial paper?
Select one:
a. Manufacturing and trading companies have terms of purchase and sale on credit
b. Subsidiaries of large corporations such as General Motors

c. Financial company
d. All right.
Question text
What tools are commonly used in international trade?
The correct answer is: Accepting bank statements
30

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Dinh che-tn - We may have many failures but they

Studocu is not sponsored or endorsed by any college or university

a. Both statements are correct

b. Both statements are wrong

c. Statement I is correct, statement II is false

d. Statement I is false, statement II is correct

b. The principle of insurable interest

Inaccurate statement about the payment of stock dividends

a. Does not change the equity of the company

c. Increase the share ownership ratio of existing shareholders

d. Increasing shareholder's contributed capital The exchange

rate will be affected by the following factors:

In essence, deposit insurance is a business:

a. Investment funds are not entitled to fund management fees

b. Investment funds are entitled to fund management fees

c. Investment fund is rewarded with activity

a. Using clients' money to buy securities for the company itself

a. Bonds – Common Stocks – Preferred Stocks

a. The company's stock price falls

b. Shareholder ownership is reduced

c. It may not be possible to sell the right forever

d. All sentences are correct

a. Major shareholders sell their equity to the public

b. Offering shares to the public to become a public joint stock company

What is a financial institution that belongs to the group of credit institutions?

d. Long term, bonds

a. Advising customers to invest in BE stock

a. Short-term loans secured by valuable papers

Which of the following is not an activity of an independent investment bank?

a. I, II, III and IV

a. Contract execution time

a. The seller of the bond in the repurchase agreement

b. Buyers of bonds in a repurchase agreement

d. Neither party to the repurchase agreement is entitled

Which of the following is not a stock market instrument?

d. Both a, b and c are wrong

a. Shareholder's capital will increase

b. The company's equity will increase

d. The company's equity surplus will increase

b. Loosening monetary policy

c. Tighten fiscal policy

a. As a creditor of an investment fund

b. Guaranteed periodic dividend payments

a. Securities investment fund

d. a and C are right

a. Certificate of Deposit Registered for Individuals

b. Personal demand deposits

a. VND 10,000,000/credit card

b. Is the business performing the renewal of insurance contracts for customers

a. USD/VND exchange rate will increase

b. USD/VND exchange rate will decrease

c. Beneficial for importers

a. Open-ended investment fund

b. No investment fund allows it

d. Both a and c are correct

d. All of the above are true

a. Lenders provide loans

d. Borrowers are required to have collateral

a. Dividends like preferred shareholders

According to current regulations, Vietnamese commercial banks are allowed to:

a. Directly trading securities