投资学题库Chap001 (4)

42. In 2012, ____________ was(were) the least significant real asset(s) of U.S. nonfinancial

businesses in terms of total value.

A. equipment and software

B. inventory

C. real estate

D. trade credit

E. marketable securities

43. In 2012, ____________ was(were) the least significant liability(ies) of U.S. nonfinancial

businesses in terms of total value.

A. bonds and mortgages

B. bank loans

C. inventories

D. trade debt

E. marketable securities

44. In terms of total value, the most significant liability(ies) of U.S. nonfinancial businesses in

2012 was(were)

A. bank loans.

B. bonds and mortgages.

C. trade debt.

D. other loans.

E. marketable securities.

1-16

Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of

McGraw-Hill Education.

45. In 2012, ____________ was(were) the least significant financial asset(s) of U.S. nonfinancial

businesses in terms of total value.

A. cash and deposits

B. trade credit

C. trade debt

D. inventory

E. marketable securities

46. New issues of securities are sold in the ________ market(s).

A. primary

B. secondary

C. over-the-counter

D. primary and secondary

47. Investors trade previously issued securities in the ________ market(s).

A. primary

B. secondary

C. primary and secondary

D. derivatives

1-17

Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of

McGraw-Hill Education.

48. Investment bankers perform which of the following role(s)?

A. Market new stock and bond issues for firms

B. Provide advice to the firms as to market conditions, price, etc.

C. Design securities with desirable properties

D. All of the options

E. None of the options

49. Until 1999, the ________ Act(s) prohibited banks in the United States from both accepting

deposits and underwriting securities.

A. Sarbanes-Oxley

B. Glass-Steagall

C. SEC

D. Sarbanes-Oxley and SEC

E. None of the options

50. The spread between the LIBOR and the Treasury-bill rate is called the

A. term spread.

B. T-bill spread.

C. LIBOR spread.

D. TED spread.

1-18

Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of

McGraw-Hill Education.

51. Mortgage-backed securities were created when ________ began buying mortgage loans from

originators and bundling them into large pools that could be traded like any other financial asset.

A. GNMA

B. FNMA

C. FHLMC

D. FNMA and FHLMC

E. GNMA and FNMA

52. The sale of a mortgage portfolio by setting up mortgage pass-through securities is an

example of

A. credit enhancement.

B. securitization.

C. unbundling.

D. derivatives.

1-19

Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of

McGraw-Hill Education.

53. Which of the following is true about mortgage-backed securities?

I) They aggregate individual home mortgages into homogeneous pools.

II) The purchaser receives monthly interest and principal payments received from payments made on the pool.

III) The banks that originated the mortgages maintain ownership of them. IV) The banks that originated the mortgages continue to service them.

A. II, III, and IV

B. I, II, and IV

C. II and IV

D. I, III, and IV

E. I, II, III, and IV

54. ________ were designed to concentrate the credit risk of a bundle of loans on one class of

investor, leaving the other investors in the pool relatively protected from that risk.

A. Stocks

B. Bonds

C. Derivatives

D. Collateralized debt obligations

E. All of the options

1-20

Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of

McGraw-Hill Education.

搜索“diyifanwen.net”或“第一范文网”即可找到本站免费阅读全部范文。收藏本站方便下次阅读，第一范文网，提供最新初中教育投资学题库Chap001 (4)全文阅读和word下载服务。