股票与投资分析
10-11 第一学期QUIZ 1 （chap 1-3）
Student: ___________________________________________________________________________
A. Land
B. Buildings
C. Consumer durables
D. Common stock
2. ____ is not a derivative curity.
A. A share of common stock
B. A call option
C. A futures contract
D. All of the above are derivative curities.
3. __________ are examples of financial intermediaries.
A. Commercial banks
B. Insurance companies
C. Investment companies
D. All of the above are financial intermediaries初2英语上册
4. Ast allocation refers to the _________.
A. allocation of the investment portfolio across broad ast class
B. analysis of the value of curities
C. choice of specific asts within each ast class
D. none of the answers define ast allocation
5. __________ are real asts.
A. Bonds
B. Production equipment
C. Stocks
D. Commercial paper
6. __________ portfolio construction starts with lecting attractively priced curities.
A. Bottom-up
B. Top-down
C. Upside-down
D. Side-to-side
7. A __________ reprents an ownership share in a corporation.
A. call option
B. common stock
C. fixed-income curity
D. preferred stock
8. The value of a derivative curity _________.
A. depends on the value of other related curity
B. affects the value of a related curity
C. is unrelated to the value of a related curity
D. can only be integrated by calculus professors
9. __________ portfolio management calls for holding diversified portfolios without spending effort or resources attempting to improve investment performance through curity analysis.
A. Active
B. Momentum
C. Passive
D. Market timing
10. Financial intermediaries exist becau small investors cannot efficiently _________.
A. diversify their portfolios
B. gather information
C. monitor their portfolios
D. all of the answers provide reasons why
11. Firms that specialize in helping companies rai capital by lling curities to the public are called _____.
A. pension funds
B. investment banks
C. savings banks
D. REITs
12. In curities markets, there should be a risk-return trade-off with higher-risk asts having _________ expected returns than lower-risk asts.
A. higher
B. lower
C. the same
D. Can't tell from the information given
13. __________ are an indirect way U.S. investors can invest in foreign companies.
A. ADRs
B. IRAs
C. SDRs
D. CPCs
14. Security lection refers to _________.
A. choosing specific curities within each ast-class
B. deciding how much to invest in each ast-class
C. deciding how much to invest in the market portfolio versus the riskless ast
D. deciding how much to hedge
15. __________ portfolio construction starts with ast allocation.
A. Bottom-up
B. Top-down
C. Upside-down
D. Side-to-side
16. Which of the following is not a money market instrument?
A. Treasury bill
B. Commercial paper
C. Preferred stock
D. Banker's acceptance
17. A dollar denominated deposit at a London bank is called _____.
A. Eurodollars
B. LIBOR
C. fed funds
D. banker's acceptance
18. Money market curities are sometimes referred to as "cash equivalent" becau _____.
A. they are safe and marketable
B. they are not liquid
C. they are high risk
D. they are low denomination
19. An investor in a T-bill earns interest by _________.
A. receiving interest payments every 90 days
B. receiving dividend payments every 30 days
C. converting the T-bill at maturity into a higher valued T-note
D. buying the bill at a discount from the face value received at maturity
20. Deposits of commercial banks at the Federal Rerve are called _____.
A. bankers acceptances
B. federal funds
C. repurcha agreements
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D. time deposits
21. Which of the following is not a true statement regarding municipal bonds?
A. A municipal bond is a debt obligation issued by state or local governments.
B. A municipal bond is a debt obligation issued by the Federal Government.
C. The interest income from a municipal bond is exempt from federal income taxation.
D. The interest income from a municipal bond is exempt from state and local taxation in the issuing state.
22. Commercial paper is a short-term curity issued by __________ to rai funds.
A. the Federal Rerve
B. commercial banks
C. large well-known companies
D. the New York Stock Exchange
23. Which one of the following is a true statement regarding the Dow Jones Industrial Average?
A. It is a value-weighted average of 30 large industrial stocks
B. It is a price-weighted average of 30 large industrial stocks
C. It is a price-weighted average of 100 large stocks traded on the New York Stock Exchange
D. It is a value-weighted average of all stocks traded on the New York Stock Exchange
24. Treasury bills are financial instruments issued by __________ to rai funds.
A. commercial banks
B. the Federal Government
C. large corporations
D. state and city governments
25. The yield on tax-exempt bonds is ______.
A. usually less than 50% of the yield on taxable bonds
B. normally about 90% of the yield on taxable bonds
C. greater than the yield on taxable bonds
D. less than the yield on taxable bonds
26. __________ is not a money market instrument.
A. A certificate of deposit
B. A treasury bill
C. A treasury bond
D. Commercial paper
27. Which one of the following provides the best example of curitization?
A. convertible bond
B. call option
C. mortgage pass-through curity
D. preferred stock
28. The interest rate charged by large banks in London to lend money among themlves is called _________.
A. the prime rate
B. the discount rate
C. the federal funds rate
D. LIBOR
29. The Dow Jones Industrial Average is _________.
A. a price weighted average
B. a value weight and average
C. an equally weighted average
D. an unweighted average
30. The Standard and Poors 500 is a(n) __________ weighted index.
A. equally
B. price
C. value
fpeD. share
31. Large well-known companies often issue their own short term uncured debt notes directly to the public, rather than borrowing from banks, their notes are called _________.
A. certificates of deposit
B. repurcha agreements
C. banker's acceptances
D. commercial paper
32. Eurodollars are _________.
A. dollar denominated deposits at any foreign bank or foreign branch of an American bank
B. dollar denominated bonds issued by firms outside their home market
C. currency issued by Euro Disney and traded in France
fidelityD. dollars that wind up in banks as a result of money laundering activities
33. Treasury notes have initial maturities between ________ years.
A. 2 and 4
B. 5 and 10
C. 10 and 30
D. 1 and 10
34. Real asts are ______.
A. are asts ud to produce goods and rvices
B. always the same as financial asts
C. always equal to liabilities
授权委托书英文D. claims on company's income
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35. An intermediary that pools and manage funds for many investors is called a/an ______.
A. investment company
B. savings and loan
aiwC. investment banker
D. ADR
36. In a perfectly efficient market the best investment strategy is probably a/an
A. active strategy
B. passive strategy
C. ast allocation
D. market timing
37. Underwriting is one of the rvices provided by _____.
A. the SEC
B. investment bankers
C. publicly traded companies
D. FDIC
38. Purchas of new issues of stock take place _________.
flagsA. at the desk of the Fed
B. in the primary market
C. in the condary market
D. in the money markets
39. An order to buy or ll a curity at the current price is a ______________.
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A. limit order
B. market order
C. stop loss order
D. stop buy order
40. If an investor places a _________ order the stock will be sold if its price falls to the stipulated level. If an investor places a __________ order the stock will be bought if its price ris above the stipulated level.
A. stop-buy; stop-loss
B. market; limit
C. stop-loss; stop-buy
D. limit; market
41. The process of polling potential investors regarding their interest in a forthcoming initial public offering (IPO) is called ________.
A. interest building
B. book building
C. market analysis
D. customer identification
42. The bulk of most initial public offerings (IPOs) of equity curities go to ___________.
A. institutional investors
B. individual investors
C. the firm's current shareholders
D. day traders
43. Initial public offerings (IPOs) are usually ___________ relative to the levels at which their prices stabilize after they begin trading in the condary market.
A. over priced
B. correctly priced
C. under priced
D. mispriced but without any particular bias
44. The _________ price is the price at which a dealer is willing to purcha a curity.
A. bid
B. ask
C. clearing
D. ttlement
45. The _________ price is the price at which a dealer is willing to ll a curity.
A. bid
B. ask
C. clearing
D. ttlement
46. The most actively traded money market curity is
A. Treasury bills
B. Bankers' Acceptances
C. Certificates of Deposit
D. Common stock
47. The maximum maturity on commercial paper is
A. 270 days
B. 180 days
C. 90 days
D. 30 days
48. Which one of the following is a true statement regarding corporate bonds?
A. A corporate callable bond gives its holder the right to exchange it for a specified number of the company's common shares
B. A corporate debenture is a cured bond
C. A corporate convertible bond gives its holder the right to exchange it for a specified number of the company's common shares
D. Holders of corporate bonds have voting rights in the company
49. Suppo an investor is considering one of two investments which are identical in all respects except for risk. If the investor anticipates a fair return for the risk of the curity they invest in they can expect to
A. earn no more than the Treasury bill rate on either curity
B. pay less for the curity that has higher risk
C. pay less for the curity that has lower risk
D. earn more if interest rates are lower
50. __________ asts generate net income to the economy and __________ asts define allocation of income among investors.
A. Financial, financial
B. Financial, real
C. Real, financial
D. Real, real
10-11 Key
1. Real asts in the economy include all but which one of the following?
A. Land
B. Buildings
C. Consumer durables
D. Common stock
Bodie - C hapter 01 #2
Difficulty: Easy
2. ____ is not a derivative curity.
A. A share of common stock
B. A call option
C. A futures contract
D. All of the above are derivative curities.
Bodie - C hapter 01 #6
Difficulty: Easy
3. __________ are examples of financial intermediaries.
A. Commercial banks
B. Insurance companies
C. Investment companies
D. All of the above are financial intermediaries
Bodie - C hapter 01 #13
Difficulty: Easy
4. Ast allocation refers to the _________.
A. allocation of the investment portfolio across broad ast class
B. analysis of the value of curities
C. choice of specific asts within each ast class
会计从业资格证成绩D. none of the answers define ast allocation
Bodie - C hapter 01 #14
Difficulty: Easy
