1. Bankers acceptance is created by : a. Non-financial firm b. Financial firm c. Any of these.
2. Who pays the sum in bill of exchange : a. Payee b. Drawer c. Drawee.
3. A bill of exchange DO NOT include a. Title b. Place c. Identification number .
4- In a future contract the two parties agree to: a) sell an asset at a set price, but the date is determined later b) sell an asset at a set price on a specific date in the future c) sell an an asset at the price of it’s future market value in maximum 1 month.
5- Bonds are a) fixed income securities b) not fixed income securities c) securities where the income generated each year is not set when it’s sold.
6- In simple bills of exchange a) there are 2 parties: the payee and the drawee b) there are 3 parties: the payee, the drawee, and the drawer c) the parties are 2 parties: the seller and the buyer.
7- Which of these is not fiscal policy instrument? a. key policy rate b. government taxes c. charges.
8- What is the main subject of monetary policy? a. central bank b. government c. citizens.
9- What is the effect of low interest rates? a. lower cost of borrowing b. high mortgage payments c. increase in real value of savings.
10- Lenders are… a) people who have available funds in excess of their desired expenditures that they are attempting to loan out b) people who have a shortage of funds relative to their desired expenditures who are seeking to obtain loans c) financial assets exchanged in auction and over-the-counter markets whose distribution is subject to legal requirements and restrictions.
11- In financial market people can not trade a) commodities b) financial securities c) insider information.
12- What is the primary function of a stock exchange? a) Facilitating the buying and selling of stocks and other securities b) Providing loans to individuals and businesses c) Regulating the activities of investment banks.
13- The monetary policies instruments are: a) Government taxes b) Subsidies c) Swap transactions.
14- Which is a type of option? a) Call option b) Done option c) Free option.
15- Who is the main subject of Fiscal policy? a) Government b) Central Bank c) Companies.
16- Which are the main types of options? a) Call option and put option b) Gain option and put option c) Call option and gain option.
17- How are called the U.S. Government bonds? a) States b) Americans c) Treasuries.
18- Which one of this bonds is usually more risky for the investors? a) Corporate bonds b) Government bonds c) Same level.
19- Why do market securities offer a lower return than other securities? a) they have a long maturity period b) they are very liquid c) they are issued in denominations.
20- Which has a higher return between T bills and commercial papers? Why? a) commercial papers because of the higher default risk b) T bills because are short term borrowing instruments c) None of them.
21- What is the most common period (repurchase transaction) Repos are used for borrowing? a) one week borrowing b) 30 days borrowing or less c) Overnight borrowing to 30 days or more.
22- Which of the following statements about an auction market is true? a) Buyers and sellers physically meet at a centralized facility b) Private exchanges between individual buyers and sellers occur outside of the centralized facility c) All necessary information about bids and asked prices is centralized and readily accessible
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23- Which of the following statements about organized exchanges is true? a) Organized exchanges only allow buyers and sellers to trade with each other in a decentralized location b) Securities traded on the floor of organized exchanges are solely facilitated by specialist traders c) Specialist traders on organized exchanges combine broker and dealer functions and can use personal inventories to match buy and sell orders.
24- Which of the following statements about an intermediation financial market is true? a) Financial intermediaries do not play a role in transferring funds from savers to borrowers b) The financial assets issued to savers are assets of the financial intermediaries c) The financial assets received from borrowers are liabilities of the financial intermediaries.
25- The monetary policies instruments are: a. Swap transactions b. Government taxes c. Subsidies.
26- Which of these is not fiscal policy instrument? a. subsidies b. key policy rate c. government taxes.
27- Who pays the sum in bill of exchange : a. Drawee b. Drawer c. Payee.
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