FIN 364 DeVry Week 1 Homework

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FIN 364 DeVry Week 1 Homework

FIN364

FIN 364 DeVry Week 1 Homework

 

FIN 364 DeVry Week 1 Homework

  1. Question : (TCO 1)An SSU’s
  • income and expenditures for the period are equal.
  • income for the period exceeds expenditures.
  • expenditures for the period exceed receipts.
  • spending is entirely financed by credit cards.

Question 2. Question : (TCO 1) An efficient financial system

  • eliminates search and transactions costs.
  • is a mere theoretical possibility.
  • promotes economic growth and social progress.
  • depends on high volumes of “direct” transactions.

Question 3. Question : (TCO 1) Which of the following are economic units?

  • Households
  • Businesses
  • Governments
  • All of the above

Question 4. Question : (TCO 1) Profitability of financial intermediaries derives from all of the following except

  • government regulation of interest rates.
  • economies of scale.
  • ability to manage credit risk.
  • control of transactions costs.

Question 5. Question : (TCO 1) Money market mutual funds are a strong competitor for

  • depository institutions.
  • contractual savings institutions.
  • finance companies.
  • the real estate market.

Question 6. Question : (TCO 1) In direct financing, the lender

  • trades a financial claim for money.
  • trades money for a financial claim issued by a financial institution.
  • trades money with a broker who owns the financial claims of a borrower.
  • trades money for the financial claim of the borrower.

Question 7. Question : (TCO 1) ______ merely execute buy or sell orders for their clients; _______ make markets.

  • Dealers; brokers
  • Brokers; investment bankers
  • Dealers; financial institutions
  • Brokers; dealers

Question 8. Question : (TCO 1) The only deposit-type institutions that do not operate for profit are

  • thrift institutions.
  • credit unions.
  • pension funds.
  • commercial banks.

Question 9. Question : (TCO 1) Money market instruments and capital market instruments differ appreciably in

  • maturity.
  • liquidity.
  • availability to ordinary individual investors.
  • All of the above

Question 10. Question : (TCO 1) The best synonym for financial intermediation is

  • direct finance.
  • investment banking.
  • market making.
  • transformation of claims.

Question 11. Question : (TCO 1) Corporations list their securities on exchanges in order to

  • pay an annual listing fee and disclose important information.
  • enhance the liquidity of their securities for investors.
  • sell more securities.
  • increase the size of the firm.

Question 12. Question : (TCO 1) The money market is important because

  • it is the world’s liquidity market.
  • it is the market in which the Fed conducts monetary policy.
  • the federal government finances most of its credit needs in the money market.
  • All of the above

Question 13. Question : (TCO 1) Federal Funds are typically

  • treasury deposits.
  • Federal Reserve assets.
  • commercial bank deposits at the Federal Reserve.
  • Federal Reserve deposits.

Question 14. Question : (TCO 1) An S & L taking short-term deposits and financing local land development is engaging in

  • speculation.
  • maturity intermediation.
  • denomination intermediation.
  • currency transformation.

Question 15. Question : (TCO 1) Potential fluctuations in exchange rates and the currency value of one country relative to another represent

  • credit risk.
  • liquidity risk.
  • foreign exchange risk.
  • interest rate risk.