____ make both secured and unsecured small loans and require repayment on a monthly
installment basis.
a.Sales finance companies
b.Stockbrokers
c.Consumer finance companies
d.Insurance companies
Equity capital at commercial banks in 2013 comprised about ____________ of
liabilities and equity.
A.25 percent
B.21 percent
C.55 percent
D.11 percent
E.5 percent
You can set up an IRA by
a.making annual contributions.
b.rolling over a distribution received from a qualified employer-sponsored plan.
c.rolling over from another IRA.
d.Any of these.
The largest capital market security outstanding in 2010 measured by market value was
A.securitized mortgages.
B.corporate bonds.
C.municipal bonds.
D.Treasury bonds.
E.corporate stocks.
A condition of stagnant economic growth and high unemployment accompanied by
rising prices is called
a.stagflation.
b.deleveraging.
c.implosion.
d.inversion.
By convention, a swap buyer on an interest rate swap agrees to
A.periodically pay a fixed rate of interest and receive a floating rate of interest.
B.periodically pay a floating rate of interest and receive a fixed rate of interest.
C.swap both principal and interest at contract maturity.
D.back both sides of the swap agreement.
E.act as the dealer in the swap agreement.
Refer to Figure 10-2. How much will Todd’s auto insurance policy pay for the property
damage liability claims in this accident?
a.$45,000
b.$50,000
c.$55,000
d.$60,000
Paige and Frank purchased a $1,000, ten-year bond with a coupon rate of 7.5 percent.
They paid $800 for the bond. What is this bond’s yield to maturity?Paige and Frank
purchased a $1,000, ten-year bond with a coupon rate of 7.5 percent. They paid $800
for the bond. What is this bond’s yield to maturity?
a.10.6 percent
b.9.3 percent
c.8.9 percent
d.7.5 percent
Redress means to right the wrong.
a.True
b.False