Chapter 01
The Investment Environment
Multiple Choice Questions
1. The material wealth of a society is a function of
A. all financial assets.
B. all real assets.
C. all financial and real assets.
D. all physical assets.
2. _______ are real assets.
A. Land
B. Machines
C. Stocks and bonds
D. Knowledge
E. Land, machines, and knowledge
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McGraw-Hill Education.
3. The means by which individuals hold their claims on real assets in a well-developed economy
are
A. investment assets.
B. depository assets.
C. derivative assets.
D. financial assets.
E. exchange-driven assets.
4. _______ are financial assets.
A. Bonds
B. Machines
C. Stocks
D. Bonds and stocks
E. Bonds, machines, and stocks
5. _________ financial asset(s).
A. Buildings are
B. Land is a
C. Derivatives are
D. U.S. agency bonds are
E. Derivatives and U.S. agency bonds are
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McGraw-Hill Education.
6. Financial assets
A. directly contribute to the country's productive capacity.
B. indirectly contribute to the country's productive capacity.
C. contribute to the country's productive capacity both directly and indirectly.
D. do not contribute to the country's productive capacity either directly or indirectly.
E. are of no value to anyone.
7. In 2012, ____________ was the most significant real asset of U.S. households in terms of total
value.
A. consumer durables
B. automobiles
C. real estate
D. mutual fund shares
E. bank loans
8. In 2012, ____________ was the least significant financial asset of U.S. households in terms of
total value.
A. real estate
B. mutual fund shares
C. debt securities
D. life insurance reserves
E. pension reserves
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McGraw-Hill Education.
9. In 2012, ____________ was the most significant financial asset of U.S. households in terms of
total value.
A. real estate
B. mutual fund shares
C. debt securities
D. life insurance reserves
E. pension reserves
10. In 2012, ____________ was the most significant asset of U.S. households in terms of total
value.
A. real estate
B. mutual fund shares
C. debt securities
D. life insurance reserves
E. pension reserves
11. In 2012, ____________ was the most significant liability of U.S. households in terms of total
value.
A. credit cards
B. mortgages
C. bank loans
D. student loans
E. other debt
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McGraw-Hill Education.
12. Which of the following financial assets made up the greatest proportion of the financial assets
held by U.S. households?
A. Pension reserves
B. Life insurance reserves
C. Mutual fund shares
D. Debt securities
E. Personal trusts
13. In 2012 _______ of the assets of U.S. households were financial assets as opposed to
tangible assets.
A. 20.4%
B. 34.2%
C. 68.8%
D. 71.7%
E. 82.5%
14. The largest component of domestic net worth in 2012 was
A. nonresidential real estate.
B. residential real estate.
C. inventories.
D. consumer durables.
E. equipment and software.
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Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
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