100+ câu trắc nghiệm Thị trường và Các thể chế tài chính có đáp án - Phần 1

medium-quality corporate bonds

low-quality corporate bonds

high-quality corporate bonds

three-month Treasury bills

none of the above

A corporations stock is traded in an over-the-counter market.

People buy shares in a mutual fund.

A pension fund manager buys commercial paper in the secondary market.

An insurance company buys shares of common stock in the over-the-counter markets.

None of the above

A corporations stock is traded in an over-the-counter market.

A corporation buys commercial paper issued by another corporation.

A pension fund manager buys commercial paper from the issuing corporation.

Both A and B of the above.

Both B and C of the above

A corporation takes out loans from a bank.

People buy shares in a mutual fund.

A corporation buys commercial paper in a secondary market.

All of the above.

Only A and B of the above

they allow funds to move from those without productive investment opportunities to those who have such opportunities.

they allow consumers to time their purchases better.

they weed out inefficient firms.

they do all of the above.

they do A and B of the above

A certificate of deposit

A share of Texaco common stock

A Treasury bill

All of the above

Only A and B of the above

They both can be long-term financial instruments.

They both involve a claim on the issuers income.

They both enable a corporation to raise funds.

All of the above.

Only A and B of the above

The New York Stock Exchange

The U.S. government bond market

The over-the-counter stock market

The options markets

None of the above

investment bankers.

traders.

brokers.

dealers.

none of the above

investment bankers.

traders.

brokers.

dealers.

none of the above.

investment bank.

commercial bank.

stock exchange.

brokerage house.

Most common stocks are traded over-the-counter, although the largest corporations have their shares traded at organized stock exchanges such as the New York Stock Exchange.

A corporation acquires new funds only when its securities are sold in the primary market.

Money market securities are usually more widely traded than longer-term securities and so tend to be more liquid.

All of the above are true.

Only A and B of the above are true.

The stock market

The bond market

The foreign exchange market

The federal funds market

all of the above

Treasury note

municipal bond

mortgage

commercial paper

reduces; increases

increases; reduces

reduces; reduces

increases; increases

asymmetric information

adverse selection

moral hazard

fraud

which firms are more likely to obtain funds from banks and other financial intermediaries, rather than from the securities markets.

why indirect finance is more important than direct finance as a source of business finance.

why direct finance is more important than indirect finance as a source of business finance.

only A and B of the above.

only A and C of the above

the lenders relative lack of information about the borrowers potential returns and risks of his investment activities.

the lenders inability to legally require sufficient collateral to cover a 100 percent loss if the borrower defaults.

the borrowers lack of incentive to seek a loan for highly risky investments.

none of the above

moral hazard problem.

adverse selection problem.

shirking problem.

free-rider problem.

principal-agent problem