金融市场的与金融机构基础fabozzichapter13

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1、实用标准文案FoundationsofFinancialMarketsandInstitutions,4e(Fabozzi/Modigliani/Jones)Chapter13PrimaryMarketsandtheUnderwritingofSecuritiesMultipleChoiceQuestions1TheTraditionalProcessforIssuingNewSecurities1)The________involvesthedistributiontoinvestorsofnewlyissuedsecuritiesbycentralgover

2、nments,itsagencies,municipalgovernments,andcorporationsA)OTCmarketB)secondarymarketC)primarymarketD)stockmarketAnswer:CDiff:1Topic:13.1TheTraditionalProcessforIssuingNewSecuritiesObjective:13.1theroleinvestmentbankersplayinthedistributionofnewlyissuedsecurities2)Theparticipantsinthem

3、arketplacethatworkwithissuerstodistributenewlyissuedsecuritiesarecalledinvestmentbankers.Investmentbankingisperformedbytwogroups:________.A)commercialbanksandsecuritieshouses.B)hometownbanksandsecuritieshouses.C)commercialbanksandbankhouses.D)savings&loansandbankhouses.Answer:ADiff:2

4、Topic:13.1TheTraditionalProcessforIssuingNewSecuritiesObjective:13.1theroleinvestmentbankersplayinthedistributionofnewlyissuedsecurities3)ThetraditionalprocessintheUnitedStatesforissuingnewsecuritiesinvolvesinvestmentbankersperforminguptothreefunctions.WhichofthebelowisNOToneofthesef

5、unctions?A)Onefunctionisadvisingtheissueronthetermsandthetimingoftheoffering.B)Onefunctionissellingthesecuritiestotheissuer.C)Onefunctionisdistributingtheissuetothepublic.D)Onefunctionisbuyingthesecuritiesfromtheissuer.Answer:BComment:ThetraditionalprocessintheUnitedStatesforissuingn

6、ewsecuritiesinvolvesinvestmentbankersperformingoneormoreofthefollowingthreefunctions:(1)advisingtheissueronthetermsandthetimingoftheoffering,(2)buyingthesecuritiesfromtheissuer,and(3)distributingtheissuetothepublic.Diff:1Topic:13.1TheTraditionalProcessforIssuingNewSecuritiesObjective

7、:13.1theroleinvestmentbankersplayinthedistributionofnewlyissuedsecurities精彩文档实用标准文案4)Aninvestmentbankermaymerelyactasanadvisorand/ordistributorofthenewsecurity.Thefunctionofbuyingthesecuritiesfromtheissueriscalled________.A)advising.B)distributing.C)purchasing.D)underwriting.Answer:D

8、Diff:2Topic: