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Financial Environment

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

____________ are intermediaries that channel the saving of individuals, businesses, and governments into loans or investments.

a)

Financial institutions

b)

Kuala Lumpur Stock Exchange

c)

Money markets

d)

Financial markets

2.

Who are the parties involved in the financial market? (can choose more than 1)

a)

Borrowers

b)

Investors

c)

Lenders

d)

Financial institutions

3.

____________ occurs when a business sells its stocks or bonds directly to savers without going through any types of financial institutions.

a)

Indirect transfers through a financial intermediary

b)

Direct transfer of funds

c)

Indirect transfer through investments bankers

4.

____________ occurs when a business sells its stocks or bonds to investors going through the financial institution.

a)

Indirect transfers through a financial intermediary

b)

Direct transfer of funds

c)

Indirect transfer through investments bankers

5.

Which of the following are the financial intermediaries?

a)

Commercial banks

b)

Investment banks

c)

Mutual funds

d)

All of the above

6.

__________ is concerned with establishing the prices of capital market securities and states that the prices of securities fully and fairly reflect all relevant available information.

a)

Efficient Market Hypothesis

b)

Primary market

c)

Secondary market

d)

Capital allocation process

7.

Market efficiency refers to both the speed and the quality of the price adjustment to new information. Which of the following are the three types of Efficient Market Hypothesis? (can choose more than 1)

a)

Weak form efficiency

b)

Semi-strong form efficiency

c)

Large-form efficiency

d)

Strong-form efficiency

8.

WEAK FORM efficiency exists when share prices reflect all available information about PAST CHANGES in the share prices.

a)

TRUE

b)

FALSE

9.

Which of the following refers to SEMI-STRONG FORM efficiency?

a)

It exists when share prices reflect all PAST price movements ONLY.

b)

It exists when share prices reflect all PAST price movements and all knowledge that is available PUBLICLY.

c)

It exists when share prices reflect all PAST price movements, all knowledge that is available PUBLICLY and PRIVATELY.

10.

It exists when share prices reflect ALL information, even "inside" information is embedded in the share prices.

a)

Weak form

b)

Semi-strong form

c)

Strong form

d)

None of the above

11.

Market for long-term maturities, generally more than 1 year period.

a)

Money market

b)

Primary market

c)

Derivative market

d)

Capital market

12.

The corporation wants to raise capital by issuing new securities in the market.

Which market is suitable?

a)

Secondary market

b)

Debt market

c)

Primary market

d)

Equity market

13.

Which of the following is the role of financial market?

a)

Chanelling of funds

b)

Provision of a platform an channel

c)

Pooling of risk

d)

Maturity transformation of funds

14.

What is Intrinsic value?

a)

Current price stated in the market

b)

The true value of the securities

15.

What does it mean when the market price is higher than the intrinsic value in stock market?

a)

The stock price is overvalued - Not to buy (expensive)

b)

The stock price is undervalued - Worth to buy (cheapest)