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ID:43358932
大小:53.15 KB
页数:45页
时间:2019-10-01
《Financial Institutions Management A Risk Management Approach 5E - CDN - Saunders - TBCH04》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、CH04Student:___________________________________________________________________________1.Investmentbanksspecializeintheorigination,underwriting,anddistributionofnewsecuritiesissuedbycorporationsorgovernments. True False 2.Investmentbanksengageinactiviti
2、essuchasadvisingonmergers,acquisitions,andcorporaterestructuring. True False 3.SecuritiestradingandunderwritingisaprofitgeneratingactivitythatrequiresFIstoholdaninventoryofsecuritiestheytrade. True False 4.Theconcentrationofbusinessamongthelargestfi
3、rmsinthesecuritiesfirm/investmentbankingbusinesshasincreasedsignificantlysincethestockmarketcrashof1987. True False 5.Securitiesunderwritingandtradingisanactivitythatrequiresaconsiderableinvestmentinlong-termassetsandrelativelysmallinvestmentsinshort-te
4、rmassets. True False 6.TherevisionoftheBankActandotherregulatorychangeshavebeenthecauseoftheincreaseininterindustrymergersofinvestmentbanksandsecuritiesfirmssince1987. True False 7.Thevalueofassetsisthetraditionalmeasureofsizeinthesecuritiesbrokerag
5、eandinvestmentbankingindustry. True False 8.Nationalintegratedinvestmentfirmsprovidebusinessservicestobothretailandcorporatecustomers. True False 9.Theobjectiveoftheinvestmentfunctionofsecuritiesfirms(fundsmanagement)istoallocateassetssothattheyoutp
6、erformrelativerisk-returnperformancebenchmark. True False 10.Becausethebusinessoffundsmanagementgeneratesfeesbasedonthesizeofthepoolofassetsmanaged,theflowofincomeismorevolatilethaneitherinvestmentbankingfunctionorthetradingfunction. True False 11.I
7、napublicofferingofanewsecurity,aninvestmentbankerplacesanewissueofsecuritieswithahandfulofprivate,usuallylarge,investors. True False 12.Initialpublicofferings(IPOs)arefirst-timeissuesoffirmswhoseequityhasnotpreviouslytradedinanorganizedmarket. True
8、False 13.Inorderforaninvestmentbanktoperformafirmcommitmentofferingofsecurities,theymustmaintainatleast20%equityontheirbalancesheet. True False 14.Abest-effortsofferingofasecurityismoreriskyforanin
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