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FIN358: CHAPTER 2&3

Total questions: 20

Worksheet time: 21mins

Name
Class
Date
1.

Stock and bonds would be classified as

a)

real assets

b)

indirect assets

c)

personal assets

d)

financial assets

2.

Investment made in real estate is a

a)

real investment

b)

non-financial investment

c)

financial investment

d)

intangible investment

3.

Financial risk is most associated with

a)

the use of equity financing by corporations

b)

equity investments held by corporations

c)

the use of debt financing by corporations

d)

debt investments held by corporations

4.

A stock is

a)

small units of equal value called shares

b)

expressed in terms of money

c)

expressed in terms of number of shares

d)

fully paid and partly paid shares

5.

Financial disclosure regulations affecting the brokerage industry are a type of

a)

market risk

b)

liquidity risk

c)

financial risk

d)

business risk

6.

Commercial papers are

a)

issued for a period of 1 to 2 years

b)

unsecured promissory notes

c)

secures promissory notes

d)

sold at premium

7.

Interest rate risk is a

a)

unsystematic risk

b)

market risk

c)

internal risk

d)

systematic risk

8.

The _______ is the risk free investment

a)

certificate of deposit

b)

savings account

c)

treasury bill

d)

treasury bond

9.

Most investors are risk averse which means

a)

they avoid the stock market due to the high degree of risk

b)

they actively seek to minimize their risks

c)

they will always invest in the investment with the lowest risk possible

d)

they will assume more risk only if thet are compensated by higher expected

10.

Treasury bills are traded in the

a)

capital market

b)

money market

c)

government market

d)

regulated market

11.

The investment professionals that arrange the sale of new securities are

a)

investment bankers

b)

arbitragers

c)

specialists

d)

traders

12.

Which one of the following is not the money market security?

a)

Commercial paper

b)

National Savings Certificate

c)

Treasury bills

d)

Certificate of Deposit

13.

Primary and Secondary market

a)

complement each other

b)

compete with each other

c)

control each other

d)

function independently

14.

The underwriter has to take up

a)

the fixed portion of the issued capital

b)

the agreed portion or can refuse it

c)

the agreed portion of the unsubscribed part

d)

none of the above

15.

Another name for stock brokers is

a)

portfolio managers

b)

registered representatives

c)

security analysts

d)

specialists

16.

In private placement

a)

shares are offered through letter of offer

b)

shares are offered through brokers

c)

shares are offered through prospectus

d)

shares are offered through investment bankers

17.

Which of the following would not be considered as capital market security?

a)

a mutual fund share

b)

a common stock

c)

a corporate bond

d)

a 6-month treasury bill

18.

The __________ summarizes information about a new security issue

a)

shelf rule

b)

prospectus

c)

IPO

d)

syndicate offer

19.

Investment bankers operate in the

a)

primary market

b)

secondary market

c)

third market

d)

fourth market

20.

_________ is example of financial intermediaries

a)

insurance companies

b)

investment companies

c)

credit unions

d)

commercial banks