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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
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
a. Import-Export balance
b. Foreign investment capital flow
c. The country's foreign exchange reserves
d. Both A, B & C
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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:
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:
The order of return of capital to owners in case of bankruptcy or dissolution of a joint stock company is:
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?
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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%
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
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 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?
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
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
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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?
d. Warranties
Investors buy stock options when they expect the stock price to:
a. Increase
b. Unchanged
c. Reduce
When the market price of a stock rises above its par value:
When the Central Bank sells Government bonds on the open market, it works
a. Tightening monetary policy
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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:
In Vietnam, financial institutions are not allowed to conduct securities brokerage, except:
b. Securities Company
c. Fund management company
Which of the following instruments upon issuance, commercial banks must participate in deposit insurance, except:
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?
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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
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:
The investment fund accepts the redemption of issued fund certificates when requested by the investor as:
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
c. Capital moves from the surplus side to the deficit side without going through financial intermediaries
a. More expensive
b. Cheaper
c. Constant
d. Unpredictable
Treasury shares have the following rights:
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
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
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
Interest rates are important to financial institutions because when interest rates rise, they:
When the joint-stock company is liquidated, bankrupt or dissolved, the common shareholders of the company will be refunded
the capital contribution equivalent to:
c. Decrease in equity
d. a and C are right
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
In which of the following characteristics are right and stock warrants similar?
What is the relationship between the price of an American stock option and the time to expiration?
a. Proportional relationship
c. No relationship
d. The relationship has not been determined
b. Property has
c. Rose intermediary
d. Off-balance sheet
a. Commercial Bank
b. Financial leasing companies
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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
b. Guaranteed Bonds
c. Bonds
d. Negotiable
Rights to buy shares (Rights) are issued by:
a. Joint Stock Company
b. Individual investors
d. In favor of UK exporters
Which of the following measures reasonably reflects the rate of return on Treasury bills?
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
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d. Other profession
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
c. Financial leasing
d. Bank guarantee
Which of the following activities may a financial leasing company perform?
All of the following are true when a company issues ordinary shares at a price above
par, except:
a. Shareholder's capital increase
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
What is the instrument that reflects the price of the right to use credit?
a. Inflation rate
b. Exchange rate
c. Interest rate
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
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c. Securities companies
d. The commercial banks
Services that commercial banks provide on the stock market include:
a. Issuance guarantee
c. Securities Depository
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
b. Credit institutions
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
d. All three sentences are correct
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
d. All sentences are correct
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
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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
c. I, III and V
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?
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
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Which of the following instruments usually has the shortest duration?
a. Bonds
b. Share
c. Warranties
d. Repurchase agreement
a. Investor meeting
b. Fund Representative Board
d. custodian bank
What is the term "Bancassurance"?
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:
a. Shareholder's capital increase
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.
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Enterprises with capital needs for long-term investment in fixed assets can choose which of the following
options?
b. Issuance of shares
c. Release Stock
d. All three sentences are correct
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
d. All cases
Who is the designated payment organization for transactions of shares listed on the Vietnamese stock
market?
b. Hide information
d. No sentence correctly
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
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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
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?
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:
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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
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
The following amounts are revenue from the main business activities of the insurance enterprise, except:
In Vietnam, which of the following interest rates is commonly used as the risk-free rate?
Which of the following financial institutions oversees the global financial system?
a. International Monetary Fund (IMF)
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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
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
d. Face value
In Vietnam, a securities investment fund can be established in which of the following forms?
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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
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
a. Financial company
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
An investor shorting a stock when predicting the price of the stock will:
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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:
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?
When the VND appreciates against the USD, the Vietnamese people's trip to the US will:
a. Cheaper
b. More expensive
c. Unaffected
d. All sentences are wrong
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.
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:
a. Shareholder's capital increase
According to Vietnam's regulations, which of the following financial institutions can mobilize deposits from
businesses?
c. Financial company
d. Securities Company
Which of the following is the owner of a joint stock company?
a. Bondholder
b. Common shareholders
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:
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a. Financial company
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
d. All three sentences are wrong
The difference between mortgage lending of valuable papers and repurchase contract (Repo) mainly shows
in:
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
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?
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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
Which of the following types of transactions does a central bank not conduct?
a. Issuance of banknotes
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:
c. Check the contract to open a trading account between the client and the company
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
d. Receive fees, have the right to sell shares at a certain price Which
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:
Which of the following sources of investment is permitted for a life insurance company?
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a. Money market and capital market
b. Capital market and stock market
c. Money market and open market
d. Primary Market & secondary market The
c. Maturity increased
d. Current interest rates increase
d. No sentence correctly
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
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a. Risks can be eliminated through diversification
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?
orders. Subjects eligible to buy Vietnam Treasury bills issued by direct method:
a. Cash dividends
b. Stock dividends
c. Property dividends
d. All three statements are correct
b. From the date of purchase of the rights to the date of contract termination
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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?
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.
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
c. Adverse selection
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.
a. Risk management.
b. Capital allocation
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c. Information
Based on the nature of capital mobility, the financial market is divided into?
a. Treasury Bills
b. Share
c. Bonds
d. Fund certificates.
The correct answer is: Treasury bills
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?
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
d. All is incorrect.
The correct answer is: Through direct and indirect financial channels
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
What are the consequences of asymmetric information that occurs before the transaction is signed?
a. Moral hazard
b. Inefficient market.
c. Adverse selection
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.
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. Non-banking credit institutions may receive deposits from organizations and perform payment services through accounts.
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
a. Retirement
b. Financial company
c. Investment banking.
d. Credit Union
The correct answer is: Credit union
a. Financial company
b. Retirement
c. Thrift organizations
d. Securities Company.
The correct answer is: Thrift organizations
The correct answer is: The prices of securities on the secondary market are determined by supply and demand
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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?
a. Financial company
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. 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
a. Repo contract
b. Bonds
c. Certificates of deposit.
d. Share
The correct answer is: Contract Repo
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
The correct answer is: Increases the supply of money in circulation, thereby reducing short-term interest rates.
Select one:
a. Repurchase agreement
Question8
Discount yield (i discount)?
Select one:
a. Is the ratio to the purchase price of the bill
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?
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.
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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%
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
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
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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
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
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