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AC60 Financial Markets Diagnostic Quiz

Total questions: 20

Worksheet time: 26mins

Name
Class
Date
1.

_______ a network of savers, investors, financial assets, and financial institutions that work together to transfer savings to investment uses

a)

secondary market

b)

primary market

c)

financial system

d)

capital market

2.

Institutions such as banks that collect funds from savers that can be loaned to borrowers are known as

a)

financial intermediaries

b)

financial assets

c)

dividends

d)

Credit Unions

3.

What is the main difference between Treasury bonds, Treasury notes, and Treasury bills?

a)

the amount of time for maturity

b)

the interest rate

c)

the minimum purchase requirement

d)

the method of sale

4.

Below are all types of return except:

a)

Actual return

b)

Expected return

c)

Possible return

d)

Required return

5.
Which of the following statements about risk is TRUE?
a)
Risk is about how uncertain your returns could be.
b)
Risk is about how much money you can lose.
c)
A risky asset is more likely to deliver higher return than a less risky asset.
d)
If an asset's risk increases, its price will also increase.
6.

Plunging oil prices is an example of which of the following types of investment risk?

a)

company risk

b)

industry risk

c)

political risk

d)

inflation risk

7.

Long-term bonds are ... than short-term bonds.

a)

more liquid

b)

less risky

c)

less sensitive to interest rate changes

d)

subject to more uncertainty

8.

What is a bond?

a)

an agreement or friendship

b)

binding security

c)

something that binds, fastens, confines, or holds together

d)

a type of debt a company issues to investors

9.

Which one of the following types of securities has no priority in a bankruptcy proceeding?

a)

Convertible bond



b)

Senior debt

c)

Common stock

d)

Preferred stock

e)

Straight bond

10.

Kate could not attend the last shareholders meeting and thus she granted the authority to vote on her behalf to the managers of the firm. Which one of the following terms is used to describe the method by which Kate's shares were voted?

a)

Straight

b)

Cumulative

c)

Consent-form

d)

Proxy

e)

In absentia

11.

A firm should use .............. when evaluating an investment

a)

the least costly source of financing

b)

the most costly source of financing

c)

the weighted average cost of all financing sources

d)

the current opportunity cost

12.

Cost of capital can be divided into three item except;

a)

Cost of debt

b)

Cost of preferred share

c)

Cost of investment

d)

Cost of common share

13.

What does this represent?

a)

Cash flow

b)

Business Activity

c)

Working capital cycle

d)

Liquidity cycle

14.

The proportion of debt in the overall capital is also called __________

a)

Capital Structure

b)

Financial Leverage

c)

Trading On equity

d)

Cost of funds

15.

Which of the following derivatives is classified as a contingent claim?

a)

Futures contracts

b)

Interest rate swaps

c)

Credit default swaps

16.

Which of the following derivatives provide payoffs that are non-linearly related to the payoffs of the underlying?

a)

Options

b)

Forwards

c)

Interest-rate swaps

17.

Equity financing involves the activities of

a)

issuing share and payment of dividends to shareholder

b)

purchasing of fixed assets

c)

purchasing of current assets

d)

borrowing money from any banks

18.

When a corporation sells common stock to the general public for the first time is called?

a)

Initial public offering

b)

Secondary market

c)

Common stock

d)

Preferred stock

19.

Two toy companies decide to merge because they believe they will be able to develop more ideas for new toys and produce and sell them faster, at lower costs.

a)

Horizontal

b)

Vertical

c)

Conglomerate

20.

Which of the following is not the reason for acquisition?

a)

Increase market power

b)

Overcoming entry barriers

c)

Increase diversification

d)

Building up brand image