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1、CHAPTER2FINANCIALMARKETSANDINSTITUTIONS(DifficultyLevels:Easy,Easy/Medium,Medium,Medium/Hard,andHard)NotethatthereisanoverlapbetweentheT/Fandmultiple-choicequestions,assomeoftheT/Fstatementsareusedinmultiple-choicequestions.SeetheprefaceforinformationontheAAC
2、SBletterindicators(F,M,etc.)onthesubjectlines.MultipleChoice:True/False(2-1)FinancialintermediariesFHAnswer:aEASY.(2-1)FinancialintermediariesFHAnswer:aEASY.Afinancialintermediaryisacorporationthattakesfundsfrominvestorsandthenprovidesthosefundstothosewhoneed
3、capital.Abankthattakesindemanddepositsandthenusesthatmoneytomakelong-termmortgageloansisoneexampleofafinancialintermediary.a.Trueb.False(2-2)FinancialmarketsFHAnswer:bEASY.(2-2)FinancialmarketsFHAnswer:bEASY.TheNYSEisdefinedasa“spot”marketpurelyandsimplybecau
4、seithasaphysicallocation.TheNasdaq,ontheotherhand,isnotaspotmarketbecauseithasnoonecentrallocation.a.Trueb.False(2-2)FinancialmarketsFHAnswer:bEASY.(2-2)FinancialmarketsFHAnswer:bEASY.TheNYSEisdefinedasa“primary”marketbecauseitisoneofthelargestandmostimportan
5、tstockmarketsintheworld.a.Trueb.False(2-2)FinancialmarketsFHAnswer:bEASY.(2-2)FinancialmarketsFHAnswer:bEASY.Primarymarketsarelargeandimportant,whilesecondarymarketsaresmallerandlessimportant.a.Trueb.False(2-2)FinancialmarketsFHAnswer:bEASY.(2-2)Financialmark
6、etsFHAnswer:bEASY.PrivatemarketsarethoseliketheNYSE,wheretransactionsarehandledbymembersoftheorganization,whilepublicmarketsarethoseliketheNasdaq,whereanyonecanmaketransactions.a.Trueb.FalseChapter2:FinancialMarketsTrue/FalsePage25©2013CengageLearning.AllRigh
7、tsReserved.Maynotbecopied,scanned,orduplicated,inwholeorinpart,exceptforuseaspermittedinalicensedistributedwithacertainproductorserviceorotherwiseonapassword-protectedwebsiteforclassroomuse.(2-2)FinancialmarketsFHAnswer:aEASY.(2-2)FinancialmarketsFHAnswer:aEA
8、SY.Ashareofcommonstockisnotaderivative,butanoptiontobuythestockisaderivativebecausethevalueoftheoptionisderivedfromthevalueofthestock.a.Trueb.False(2-3)FinancialinstitutionsFHAnswer:aEASY
