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Chương-3 - On thi giua ky ly thuyet tai chinh va tai chinh

doanh nghiep
Lý thuyết tài chính (Đại học Tôn Đức Thắng)

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Họvàtên: Nguyễn Hồng Danh 21500376

ĐẠI HỌC TÔN ĐỨC THẮNG
KIỂM TRA QUÁ TRÌNH Nhómlớp:…04….Ca: …01…Thứ: …Tư……
HỌC KỲ IINĂM HỌC 2019 - 2020
Ngày:…12….tháng….02.....năm2020

BÀI KIỂM TRA QUÁ TRÌNH

MÔN HỌC: LÝ THUYẾT TÀI CHÍNH VÀ TCDN
MÃ MÔN HỌC: B02084

Thờigianlàmbài: 45 phút

Kếtquảbàilàm Điểm
Ghitổngsốcâutrảlờiđúngtrêntổngsốcâuhỏi
Điểmsố: …………………….…….…….…
(vídụ: 15/25): ……….……/……………....
Điểmchữ: ………………………..……….

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A
B
C
D

I. Sinhviênđiềnthông tin họtên, ca, thứ, ngàythángnămvàoPhiếu test trắcnghiệmnày.

II. Sau khilàmbàixong, tổngkếtđiểm, ghikếtquảvàokhungtrênđây.
III. Làmbài: sinhviênlựachọnphươngánđúng (A, B, C, D)
bằngcáchtôđậmvàđổimàuthànhmàuđỏ, gắn (*)
vàophươngánđượclựachọntrongcáccâuhỏidướiđây.
QUESTION:
1) Every financial market has the following characteristic.
A) It channels funds from lenders-savers to borrowers-spenders.*
B) It allows common stock to be traded.
C) It allows loans to be made.
D) It determines the level of interest rates.
2) Financial markets have the basic function of
A) getting people with funds to lend together with people who want to borrow funds.*
B) assuring that the swings in the business cycle are less pronounced.
C) assuring that governments need never resort to printing money.
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D) providing a risk-free repository of spending power.

3) Well-functioning financial markets
A) allow the economy to operate more efficiently.*
B) eliminate the need for indirect finance.
C) cause financial crises.
D) cause inflation.
4) The principal lender-savers are
A) businesses.
B) governments.
C) foreigners.
D) households.*
5) Assume that you borrow $2,000 at 10% annual interest to finance a new business project. For
this loan to be profitable, the minimum amount this project must generate in annual earnings is
A) $201.*
B) $400.
C) $200.
D) $199.
6) Which of the following can be described as involving direct finance?
A) People buy shares in a mutual fund.
B) People buy shares of common stock in the primary markets.*
C) A corporation buys a short-term corporate security in a secondary market.
D) A corporation takes out loans from a bank.
7) Which of the following can be described as involving indirect finance?
A) A corporation buys a share of common stock issued by another corporation in the primary market.
B) You buy a U.S. Treasury bill from the U.S. Treasury
C) You make a deposit at a bank.*
D) You make a loan to your neighbor.
8) Securities are ________ for the person who buys them, but are ________ for the individual or
firm that issues them.
A) assets; liabilities*
B) liabilities; assets
C) negotiable; nonnegotiable
D) nonnegotiable; negotiable
9) With ________ finance, borrowers obtain funds from lenders by selling them securities in the
financial markets.
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A) determined
B) indirect
C) direct*
D) active
10) With direct finance, funds are channeled through the financial market from the ________
directly to the ________.
A) spenders; investors
B) borrowers; savers
C) investors; savers
D) savers; spenders*
11) Which of the following statements about the characteristics of debt and equity is FALSE?
A) They can both be long-term financial instruments.
B) They can both be short-term financial instruments.*
C) They both involve a claim on the issuer's income.
D) They both enable a corporation to raise funds.
12) Which of the following statements about the characteristics of debt and equities is TRUE?
A) They can both be long-term financial instruments.*
B) Bond holders are residual claimants.
C) The income from bonds is typically more variable than that from equities.
D) Bonds pay dividends.
13) Which of the following statements about financial markets and securities is TRUE?
A) The maturity of a debt instrument is the number of years (term) to that instrument's
expiration date.*
B) A debt instrument is intermediate term if its maturity is less than one year.
C) A debt instrument is intermediate term if its maturity is ten years or longer.
D) A bond is a long-term security that promises to make periodic payments called dividends to the
firm's residual claimants.
14) If the maturity of a debt instrument is less than one year, the debt is called
A) short-term.*
B) intermediate-term.
C) long-term.
D) prima-term.
15) Long-term debt has a maturity that is
A) less than a year.
B) between five and ten years.
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C) between one and ten years.

D) ten years or longer.*
16) When I purchase ________, I own a portion of a firm and have the right to vote on issues
important to the firm and to elect its directors.
A) bills
B) notes
C) bonds
D) stock*
17) A financial market in which previously issued securities can be resold is called a ________
market.
A) secondary*
B) primary
C) tertiary
D) used securities
18) ________ work in the secondary markets matching buyers with sellers of securities.
A) Underwriters
B) Brokers*
C) Dealers
D) Claimants
19) A corporation acquires new funds only when its securities are sold in the
A) primary market by a stock exchange broker.
B) primary market by an investment bank.*
C) secondary market by a securities dealer.
D) secondary market by a commercial bank.
20) An important function of secondary markets is to
A) make it easier to sell financial instruments to raise funds.*
B) raise funds for corporations through the sale of securities.
C) make it easier for governments to raise taxes.
D) create a market for newly constructed houses.
21) A liquid asset is
A) an asset that can easily and quickly be sold to raise cash.*
B) a share of an ocean resort.
C) difficult to resell.
D) always sold in an over-the-counter market.

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22) The higher a security's price in the secondary market the ________ funds a firm can raise by
selling securities in the ________ market.
A) more; secondary
B) more; primary*
C) less; primary
D) less; secondary
23) When secondary market buyers and sellers of securities meet in one central location to
conduct trades the market is called a(n)
A) exchange.*
B) over-the-counter market.
C) common market.
D) barter market.
24) In a(n) ________ market, dealers in different locations buy and sell securities to anyone who
comes to them and is willing to accept their prices.
A) over-the-counter*
B) exchange
C) common
D) barter
25) A financial market in which only short-term debt instruments are traded is called the
________ market.
A) bond
B) capital
C) stock
D) money*
26) Prices of money market instruments undergo the least price fluctuations because of
A) the short terms to maturity for the securities.*
B) the heavy regulations in the industry.
C) the price ceiling imposed by government regulators.
D) the lack of competition in the market.
27) U.S. Treasury bills are considered the safest of all money market instruments because there is
a low probability of
A) defeat.
B) default.*
C) desertion.
D) demarcation.
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28) A debt instrument sold by a bank to its depositors that pays annual interest of a given
amount and at maturity pays back the original purchase price is called
A) commercial paper.
B) a certificate of deposit.*
C) a municipal bond.
D) federal funds.
29) A short-term debt instrument issued by well-known corporations is called
A) corporate bonds.
B) municipal bonds.
C) commercial mortgages.
D) commercial paper.*
30) ________ are short-term loans in which Treasury bills serve as collateral.
A) Repurchase agreements*
B) Negotiable certificates of deposit
C) Federal funds
D) U.S. government agency securities
31) Federal funds are
A) loans made by banks to each other.*
B) loans made by the Federal Reserve System to banks.
C) loans made by banks to the Federal Reserve System.
D) funds raised by the federal government in the bond market.
32) Which of the following are short-term financial instruments?
A) a share of Walt Disney Corporation stock
B) a Treasury note with a maturity of four years
C) a repurchase agreement*
D) a residential mortgage
33) Which of the following instruments are traded in a money market?
A) bank commercial loans
B) commercial paper*
C) state and local government bonds
D) residential mortgages
34) Equity and debt instruments with maturities greater than one year are called ________
market instruments.
A) capital*
B) money
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C) federal
D) benchmark
35) Bonds that are sold in a foreign country and are denominated in the country's currency in
which they are sold are known as
A) foreign bonds.*
B) Eurobonds.
C) equity bonds.
D) country bonds.
36) Bonds that are sold in a foreign country and are denominated in a currency other than that
of the country in which it is sold are known as
A) Eurobonds.*
B) foreign bonds.
C) equity bonds.
D) country bonds.
37) If Toyota (headquarters in Japan) sells a $1,000 bond in the United States, the bond is a
B) Eurobond.
C) Tokyo bond.
D) currency bond.
A) foreign bond.*
38) Economies of scale enable financial institutions to
A) avoid the asymmetric information problem.
B) avoid adverse selection problems.
C) reduce transactions costs.*
D) reduce moral hazard.
39) An investment intermediary that lends funds to consumers is
A) a finance company.*
B) an investment bank.
C) a finance fund.
D) a consumer company.
40) An investment bank helps ________ issue securities.
A) the United States government
B) the SEC
C) foreign governments
D) a corporation ./.*

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