投资学题库Chap001 (6)

55. ________ are in essence an insurance contract against the default of one or more borrowers.

A. Credit default swaps

B. CMOs

C. ETFs

D. Collateralized debt obligations

E. All of the options

Short Answer Questions

56. Discuss the agency problem in detail.

1-21

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McGraw-Hill Education.

57. Discuss the similarities and differences between real and financial assets.

58. Discuss securitization as it relates to the field of investments.

1-22

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McGraw-Hill Education.

Chapter 01 The Investment Environment Answer Key

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.

The material wealth of a society is a function of all real assets.

AACSB: Analytic Blooms: Remember

Difficulty: Basic Topic: Assets

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McGraw-Hill Education.

2. _______ are real assets.

A. Land

B. Machines

C. Stocks and bonds

D. Knowledge

E. Land, machines, and knowledge

Land, machines and knowledge are real assets; stocks and bonds are financial assets.

AACSB: Analytic Blooms: Remember

Difficulty: Basic Topic: Assets

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.

Financial assets allocate the wealth of the economy. Example: it is easier for an individual to own shares of an auto company than to own an auto company directly.

AACSB: Analytic Blooms: Remember

Difficulty: Basic Topic: Assets

1-24

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

McGraw-Hill Education.

4. _______ are financial assets.

A. Bonds

B. Machines

C. Stocks

D. Bonds and stocks

E. Bonds, machines, and stocks

Machines are real assets; stocks and bonds are financial assets.

AACSB: Analytic Blooms: Remember

Difficulty: Basic Topic: Assets

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 Buildings and land are real assets.

AACSB: Analytic Blooms: Remember

Difficulty: Basic Topic: Assets

1-25

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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