北京第二外国语学院
- Convertible bonds provide protection for bondholders on the downside and share growth potential of the firm on the upside. （ ）
- All Chinese public companies are listed in China’s stock exchanges, such as Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, and Hongkong Stock Exchange. （ ）
- People tend to be risk-averse and therefore are willing to pay a premium to reduce uncertainty. （ ）
- The beneficiary of an insurance policy may or may not suffer potential harm or loss. （ ）
- In a modern society, households are both consumers and producers of an economy。（ ）
- Since financial intermediaries charge fees for financial their services, the transaction costs in indirect financing through a financial intermediary are usually higher than direct financing. （ ）
- Callable bonds provide bondholders more choices and flexibility. （ ）
- Different from trading on a cash market, trading on a derivative market usually means that one does not finish the desired transaction immediately after the decision is made. （ ）
- Restrictive covenants for corporate bonds are designed to protect shareholders more than to protect bondholders. （ ）
- To corner the market means to absorb the majority of all the deliverable securities so that investors holding short positions make pay high price to close their short positions. （ ）
- Money market is where only short-term debt instruments (generally those with original maturity of less than one year) are traded. （ ）
- Commercial papers are usually secured by some short-term assets, such as treasury bills by the issuer. （ ）
- If an institution has agreed to sell an asset to anther party at a future date, then it has taken a long position. （ ）
- Shareholders’ control rights refer to voting rights and if two shareholders hold the same number of shares, then they have equal voting rights. （ ）
- A CDR (Chinese Depository Receipt) represents shares of a Chinese company, and CDRs are traded on a stock exchange in countries other than China. （ ）
- The main function of financial markets is to raise money for firms. （ ）
- Insurance companies raise money mainly from issuing bonds. （ ）
- A bank’s liabilities reflect how the bank uses its funds and a bank’s assets reflect how the bank raises its funds. （ ）
- A central bank can conduct a temporary open market operation by using a repurchase agreement. （ ）
- Once issued, stocks usually have long maturity. （ ）
- In China, the largest bond market is the exchange market. （ ）
- Since the obligations of life insurance companies tend to be predictable and long-term, they tend to invest in long-term assets. （ ）
- A currency experiences appreciation when it increases in value compared to another currency. （ ）
- Most mutual funds fees are charged on the basis of investment size. （ ）
- Foreign currencies are usually traded on exchange markets. （ ）
- Hedging refers to financial transactions that offset a long position by taking an additional short position, or that offset a short position by taking an additional long position. （ ）
- More bank capital can lower a bank’s risk of failure, but may also lead to lower stock returns. （ ）
- Mutual funds do not usually allow investors to convey their investments into cash quickly. （ ）
- If the insured does not provide full and accurate information to the insurance company, then adverse selection problems may arise. （ ）
- Banks can borrow both from the central bank and other banks. （ ）
- Who is the principal lender-savers on financial markets? （ ）
- Which of the following is correct about the difference between life insurance and non-life insurance? （ ）
- Which of the following is an asset of a commercial bank? （ ）
- Which of the following is a consequence of a sterilized foreign exchange intervention to sell foreign assets? （ ）
- Which of the following is/are a central bank's asset? （ ）
- Which of the following is a money market instrument? （ ）
- Which of the following is right about open-end and closed-end mutual funds? （ ）
- Which of the following is not a regulation that mutual funds have to abide by? （ ）
- Which of the following is incorrect about a common stock? （ ）
- Which of the following is not a participant of a derivative market? （ ）
- Which of the following is not a mechanism to protect bondholders’ interest? （ ）
A:对 B:错
答案:对
A:对 B:错
答案:错
A:对 B:错
答案:对
A:错 B:对
答案:错
A:错 B:对
答案:错
A:错 B:对
答案:错
A:错 B:对
答案:错
A:对 B:错
答案:对
A:对 B:错
答案:错
A:错 B:对
A:错 B:对
A:对 B:错
A:错 B:对
A:对 B:错
A:错 B:对
A:对 B:错
A:对 B:错
A:错 B:对
A:对 B:错
A:错 B:对
A:对 B:错
A:对 B:错
A:错 B:对
A:错 B:对
A:对 B:错
A:对 B:错
A:错 B:对
A:对 B:错
A:错 B:对
A:错 B:对
A:Households B:Business Enterprises C:Governments D:Foreigners
A:Non-life insurance mainly concerns a person’s financial losses due to a variety of uncertainty. B:Life insurance and non-life insurance companies have very similar assets. C:Life insurance mainly concerns a person’s mortality risk and longevity risk. D:Non-life risks are typically more unpredictable.
A:Cash and reserves. B:Loans. C:Deposits. D:Securities.
A:The foreign reserves will increase. B:The central bank’s holding of government bonds increases. C:The interest rate will rise. D:The monetary base is unchanged.
A:Reserves. B:Loans to financial institutions. C:Government bonds. D:Currency in circulation.
A:Treasury Bills B:Repurchase Agreements. C:Treasury Bonds D:Negotiable Certificates of Deposit.
A:Closed-end mutual funds do not allow withdrawals from investors and therefore create difficulties for managers. B:Open-end mutual funds can become much bigger in terms of the size of assets under management than it was initially launched. C:Neither open-end nor closed-end mutual funds can change their portfolio components. D:Closed-end mutual fund investors can get rid of their investment by selling the fund shares to other investors.
A:Mutual funds have to satisfy subscription and redemption requests in a timely manner. B:Mutual funds are prohibited from selling shares to the general public. C:Mutual funds need to disclose the fair value of their portfolios on a regular basis, usually daily or weekly. D:Mutual funds need to diversify their portfolios.
A:Common stock represents ownership of the issuing company. B:Common stock implies a financial obligation that the issuing company must fulfill. C:Common stock does not have maturity as a bond does. D:Common stock entitles shareholders with claims on issuing company’s assets.
A:Investors that would speculate on future price movements. B:Investors that would acquire certain securities or commodities immediately. C:Investors that would protect themselves from future uncertainty. D:Investors that would take advantage of market mispricing.
A:Put provisions that allow the firm to buy the bond back before it expires. B:Call provisions that allow the bondholders to sell the bond back to the firm. C:Restrictive covenants that limit the amount of dividends the firm can pay to stockholders. D:Conversion terms that allow bondholders to convert the bond into shares of common stock.
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