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Financial Markets Quiz

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Compared to future contracts, forward contracts involve an intermediary or exchange, rather than direct contact between buyer and seller

a)

are not standardized

b)

none of the above

c)

have less formal markets

d)

make delivery most often

e)

involve an intermediary or exchange, rather than direct contact between buyer and seller

2.

___________ allocates saving efficiently in an economy to ultimate users either for investment in real assets or for consumption

a)

Market system

b)

Economic system

c)

Banking system

d)

Financial system

e)

Money system

3.

Financial derivatives include

a)

Shares

b)

Stocks

c)

Bonds

d)

Forwards

e)

Equity

4.

Which of the following is true of restrictions on branch offices?

a)

All of the above

b)

National banks can establish branches in any state.

c)

Branching laws are determined by each individual state.

d)

Unit banking is more common on the West Coast.

e)

Statewide branching is illegal in almost every state.

5.

Which of the following is not a financial derivative?

a)

Futures

b)

Options

c)

Forwards

d)

Stock

e)

None of the above

6.

____________ represent claims for the payment of a sum of money sometimes in the future and/or a periodic payment in the form of interest or dividend

a)

financial asset

b)

physical asset

c)

fixed asset

d)

none of these

e)

all of rhe above

7.

Which of the following is not a financial derivative?

a)

Bond

b)

Options

c)

Forwards

d)

Futures

e)

None of the above

8.

Which of the following is not a financial derivative?

a)

T-bill

b)

Options

c)

Forwards

d)

Futures

e)

None of the above

9.

Financial derivatives include

a)

Equity

b)

Stocks

c)

Bonds

d)

Shares

e)

Options

10.

____________Facilitate the transfer of funds from savers to the borrowers

a)

secondary market

b)

b. goods market

c)

financial market

d)

money market

e)

e. consumer market

11.

Which of the following is not a financial derivative?

a)

Deposits

b)

Options

c)

Forwards

d)

Futures

e)

None of the above

12.

Which of the following is not a financial derivative?

a)

Equity

b)

Options

c)

Forwards

d)

Futures

e)

None of the above

13.

Which of the following is not a financial derivative?

a)

Bills

b)

Options

c)

Forwards

d)

Futures

e)

None of the above

14.

Financial derivatives include

a)

Options

b)

Stocks

c)

Bonds

d)

Shares

e)

Equity

15.

Which of the following is not a financial derivative?

a)

Options

b)

Coupon bond

c)

Forwards

d)

Futures

e)

None of the above

16.

Which of the following is not a financial derivative?

a)

Share

b)

Options

c)

Forwards

d)

Futures

e)

e. None of the above

17.

178. If a bank has more rate-sensitive assets than rate-sensitive liabilities, then a(n) ________ in interest rates will ________ bank profits.

a)

increase; increase

b)

decline; increase

c)

decline; not affect

d)

increase; reduce

18.

Which of the following has done the most to prevent bank failures?

a)

Federal deposit insurance

b)

Separation of investment and commercial banking

c)

Bank examinations

d)

All of the above

19.

The term structure of interest rates shows

a)

the pattern of interest rates over the long-term business cycle

b)

All of the above

c)

the relationship between maturity and yield for similar securities

d)

security yields ranked by default risk structure

20.

In the process of deposit deregulation in the early 1980's, banks were allowed to

a)

pay explicit market rates on savings and time deposits and limited interest on checkable deposits

b)

None of the above

c)

pay below market explicit interest on savings and time deposits


d)

offer checkable deposits that paid implicit interest only

21.

A central bank sale of ________ to purchase ________ in the foreign exchange market results in an equal rise in its international reserves and the monetary base.

a)

domestic currency; foreign assets

b)

foreign assets; domestic currency

c)

foreign assets; foreign currency

d)

domestic currency; domestic assets

22.

When does a negative yield curve tend to exist?

a)

During a period of unemployment

b)

During a period of inflation

c)

During a period of deflation

d)

All of the above

23.

Compared to future contracts, forward contracts

a)

involve an intermediary or exchange, rather than direct contact between buyer and seller

b)

are not standardized

c)

have less formal market

d)

make delivery most often

24.

Financial derivatives include

a)

Futures

b)

Stock

c)

Bonds

d)

Shares

25.

Classical interest rate theory states that rising interest rates will

a)

decrease the demand for money

b)

all of the above

c)

increase the quantity of saving

d)

increase the demand for money