If the consumer price index was 232 in 2013 and 244 in 2015, how much did prices
increase during this time period?
a.4.9 percent
b.5.2 percent
c.6 percent
d.12 percent
The Federal Reserve System is charged with
A.regulating securities exchanges.
B.conducting monetary policy.
C.providing payment and other services to a variety of institutions.
D.setting bank prime rates.
E.conducting monetary policy and providing payment and other services to a variety of
institutions.
New car manufacturers are required to disclose the vehicle€s overall environmental
impact in a window sticker.
a.True
b.False
One fixed-rate mortgage pool has a 750 PSA and a second fixed-rate pool has 150 PSA.
The pool with the higher PSA ______________________ than the pool with the lower
PSA.
I. probably has a higher coupon
II. probably has lower default risk
III. will mature more quickly
A.I, II, and III
B.I and II only
C.II and III only
D.I and III only
E.I only
A mentor is powerfully positioned champion who advocates on a job protégé’s behalf
and guides the protégé toward key players and assignments.
a.True
b.False
The declining-balance method of calculating interest results in amortization of the
amount owed.
a.True
b.False
The rate of return on a repo is
A.determined by the rate of return on the underlying collateral.
B.strongly affected by the current Fed funds rate at the time of the repo.
C.determined at the time of the repo.
D.determined by the rate of return on the underlying collateral and determined at the
time of the repo.
E.strongly affected by the current Fed funds rate at the time of the repo and determined
at the time of the repo.
New futures contracts must be approved by
A.the CFTC.
B.the SEC.
C.the Warren Commission.
D.the NYSE.
E.the Federal Reserve.
A U.S. bank has £120 million in loans to corporate customers and has £70 million in
deposits it owes to customers with the same maturity. The bank has also sold £20
million pounds forward. The bank’s net exposure is
A.£210 million.
B.£30 million.
C.£70 million.
D.£170 million.
E.£190 million.
Which of the following is the primary regulator of bank holding company activities?
A.Federal Bank Holding Company Board
B.FDIC
C.Federal Reserve
D.State regulatory agency in the chartering states
E.U.S. Treasury