Professional Documents
Culture Documents
Financial Markets and Institutions 8th Edition Mishkin Test Bank
Financial Markets and Institutions 8th Edition Mishkin Test Bank
https://testbankfan.com/download/financial-markets-and-institutions-8th-edition-mishki
n-test-bank/
1
Copyright © 2015 Pearson Education, Inc.
2
Copyright © 2015 Pearson Education, Inc.
9) Which of the following are securities?
A) A certificate of deposit
B) A share of Texaco common stock
C) A Treasury bill
D) All of the above
E) Only A and B of the above
Answer: D
Topic: Chapter 2.2 Structure of Financial Markets
Question Status: Previous Edition
10) Which of the following statements about the characteristics of debt and equity are true?
A) They both can be long-term financial instruments.
B) They both involve a claim on the issuer's income.
C) They both enable a corporation to raise funds.
D) All of the above.
E) Only A and B of the above.
Answer: D
Topic: Chapter 2.2 Structure of Financial Markets
Question Status: Previous Edition
11) The money market is the market in which ________ are traded.
A) new issues of securities
B) previously issued securities
C) short-term debt instruments
D) long-term debt and equity instruments
Answer: C
Topic: Chapter 2.2 Structure of Financial Markets
Question Status: Previous Edition
12) Long-term debt and equity instruments are traded in the ________ market.
A) primary
B) secondary
C) capital
D) money
Answer: C
Topic: Chapter 2.2 Structure of Financial Markets
Question Status: Previous Edition
At the second session of the 42d Congress that body, and the
President as well, were compelled to consider a new question in
connection with politics—an actual conflict of State Governments.
There had always been, in well regulated State governments,
returning boards, but with a view the better to guard the newly
enfranchised citizens of the South from intimidation, the Louisiana
Republicans, under very bold and radical leaders, had greatly
strengthened the powers of her returning boards. It could canvass
the votes, reject the returns in part or as a whole of parishes where
force or fraud had been used, and could declare results after such
revision. The Governor of Louisiana had made several removals and
appointments of State officers for the purpose mainly of making a
friendly majority in the returning board, and this led to the
appointment of two bodies, both claiming to be the legitimate
returning board. There soon followed two State governments and
legislatures, the Democratic headed by Governor John McEnery, the
Republican by Governor Wm. Pitt Kellogg, later in the U. S. Senate.
Kellogg brought suit against the Democratic officers before Judge
Durell, of the Federal District Court, and obtained an order that the
U. S. Marshal (S. B. Packard, afterwards Governor), should seize the
State House and prevent the meetings of the McEnery legislature.
Then both governments were hastily inaugurated, and claimed the
recognition of Congress. The Senate Committee reported that Judge
Durell’s decision was not warranted, but the report refused a decisive
recognition of either government. A bill was introduced declaring the
election of Nov. 4, 1872, on which this condition of affairs was based,
null and void, and providing for a new election, but this bill was
defeated by a close vote. Later on, Louisiana claimed a large share in
National politics. Somewhat similar troubles occurred in Alabama,
Arkansas, and Texas, but they were settled with far greater ease than
those of Louisiana. The correspondence in all of these cases was too
voluminous to reproduce here, and we shall dismiss the subject until
the period of actual hostilities were reached in Louisiana.
The Grangers.
S. M. Cullom,
Speaker House of Representatives.
John Early,
President of the Senate.
John L. Beveridge,
Governor.
The same spirit, if not the same organization, led to many petitions
to Congress for the regulation of inter-state commerce and freight
rates, and to some able reports on the subject. Those which have
commanded most attention were by Senator Windom of Minnesota
and Representative Reagan of Texas, the latter being the author of a
bill which commanded much consideration from Congress in the
sessions of 1878–’80, but which has not yet secured favorable action.
In lieu of such bill Senator Cameron, of Pennsylvania, introduced a
joint resolution for the appointment of a Commission to investigate
and report upon the entire question. Final action has not yet been
taken, and at this writing interest in the subject seems to have
flagged.
The disastrous political action attempted by the Grangers in
Illinois and Wisconsin, led to such general condemnation that
subsequent attempts were abandoned save in isolated cases, and as a
rule the society has passed away. The principle upon which it was
based was wholly unsound, and if strictly carried out, would destroy
all home improvements and enterprise. Parties and societies based
upon a class, and directed or perverted toward political objects, are
very happily short-lived in this Republic of ours. If they could thrive,
the Republic could not long endure.
Supplementary Civil Rights Bill.
“Article —.
SHERIDAN’S REPORT.
New Orleans, January 10, 1875.
P. H. Sheridan,
Lieutenant-General.
JOINT RESOLUTION.
George F. Hoar,
W. A. Wheeler,
W. P. Frye,
Charles Foster,
Clarkson N. Potter,
William Walter Phelps,
Samuel S. Marshall.