投资学题库Chap002

2-1Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.Chapter02AssetClassesandFinancialInstrumentsMultipleChoiceQuestions1.Whichofthefollowingisnotacharacteristicofamoneymarketinstrument?A.LiquidityB.MarketabilityC.LongmaturityD.LiquiditypremiumE.Longmaturityandliquiditypremium2.ThemoneymarketisasubsectoroftheA.commoditymarket.B.capitalmarket.C.derivativesmarket.D.equitymarket.E.Noneoftheoptions2-2Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.3.TreasuryInflation-ProtectedSecurities(TIPS)A.payafixedinterestrateforlife.B.payavariableinterestratethatisindexedtoinflation,butmaintainaconstantprincipal.C.provideaconstantstreamofincomeinreal(inflation-adjusted)dollars.D.havetheirprincipaladjustedinproportiontotheConsumerPriceIndex.E.provideaconstantstreamofincomeinreal(inflation-adjusted)dollarsandhavetheirprincipaladjustedinproportiontotheConsumerPriceIndex.4.Whichoneofthefollowingisnotamoneymarketinstrument?A.TreasurybillB.NegotiablecertificateofdepositC.CommercialpaperD.TreasurybondE.Eurodollaraccount5.T-billsarefinancialinstrumentsinitiallysoldby________toraisefunds.A.commercialbanksB.theU.S.governmentC.stateandlocalgovernmentsD.agenciesofthefederalgovernmentE.theU.S.governmentandagenciesofthefederalgovernment2-3Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.6.ThebidpriceofaT-billinthesecondarymarketisA.thepriceatwhichthedealerinT-billsiswillingtosellthebill.B.thepriceatwhichthedealerinT-billsiswillingtobuythebill.C.greaterthantheaskedpriceoftheT-bill.D.thepriceatwhichtheinvestorcanbuytheT-bill.E.neverquotedinthefinancialpress.7.ThesmallestcomponentofthemoneymarketisA.repurchaseagreements.B.small-denominationtimedeposits.C.savingsdeposits.D.moneymarketmutualfunds.E.commercialpaper8.Thesmallestcomponentofthebondmarketis_______debt.A.TreasuryB.otherasset-backedC.corporateD.tax-exemptE.mortgage-backed2-4Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.9.Thelargestcomponentofthebondmarketis_______debt.A.TreasuryB.asset-backedC.corporateD.tax-exemptE.mortgage-backed10.Whichofthefollowingisnotacomponentofthemoneymarket?A.RepurchaseagreementsB.EurodollarsC.RealestateinvestmenttrustsD.MoneymarketmutualfundsE.Commercialpaper11.Commercialpaperisashort-termsecurityissuedby________toraisefunds.A.theFederalReserveBankB.commercialbanksC.large,well-knowncompaniesD.theNewYorkStockExchangeE.stateandlocalgovernments2-5Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.12.WhichoneofthefollowingtermsbestdescribesEurodollars?A.Dollar-denominateddepositsonlyinEuropeanbanks.B.Dollar-denominateddepositsatbranchesofforeignbanksintheU.S.C.Dollar-denominateddepositsatforeignbanksandbranchesofAmericanbanksoutsidetheU.S.D.Dollar-denominateddepositsatAmericanbanksintheU.S.E.DollarsthathavebeenexchangedforEuropeancurrency.13.DepositsofcommercialbanksattheFederalReserveBankarecalledA.bankers'acceptances.B.repurchaseagreements.C.timedeposits.D.federalfunds.E.reserverequirements.14.TheinterestratechargedbybankswithexcessreservesataFederalReserveBanktobanksneedingovernightloanstomeetreserverequirementsiscalledtheA.primerate.B.discountrate.C.federalfundsrate.D.callmoneyrate.E.moneymarketrate.2-6Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.15.Whichofthefollowingstatement(s)is(are)trueregardingmunicipalbonds?I)Amunicipalbondisadebtobligationissuedbystateorlocalgovernments.II)Amunicipalbondisadebtobligationissuedbythefederalgovernment.III)Theinterestincomefromamunicipalbondisexemptfromfederalincometaxation.IV)Theinterestincomefromamunicipalbondisexemptfromstateandlocaltaxationintheissuingstate.A.IandIIonlyB.IandIIIonlyC.I,II,andIIIonlyD.I,III,andIVonlyE.IandIVonly16.Whichofthefollowingstatementsistrueregardingacorporatebond?A.Acorporatecallablebondgivestheholdertherighttoexchangeitforaspecifiednumberofthecompany'scommonshares.B.Acorporatedebentureisasecuredbond.C.Acorporateindentureisasecuredbond.D.Acorporateconvertiblebondgivestheholdertherighttoexchangethebondforaspecifiednumberofthecompany'scommonshares.E.Holdersofcorporatebondshavevotingrightsinthecompany.2-7Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.17.Intheeventofthefirm'sbankruptcyA.themostshareholderscanloseistheiroriginalinvestmentinthefirm'sstock.B.commonshareholdersarethefirstinlinetoreceivetheirclaimsonthefirm'sassets.C.bondholdershaveclaimtowhatisleftfromtheliquidationofthefirm'sassetsafterpayingtheshareholders.D.theclaimsofpreferredshareholdersarehonoredbeforethoseofthecommonshareholders.E.themost