Archives: Quiz

Conditional orders include: a. Market orders. b. Limit orders. c. Stop orders. d. b and c only. e. All of the above. Which of the following statements is false? a. Default is a prepayment. b. Nonamortizing assets have no prepayment. […]

The value of an interest rate swap is the: a. Present value of all expected future cash benefits. b. Difference between the present value of the cash flow of the two sides of the swap. c. Discounted value of the […]

Leasing is a way by which tax benefits can be transferred from the lessee to the lessor. a. True. b. False. The relationship between price and yield for any option-free bond is: a. Linear. b. Convex. c. Concave. d. Curvilinear. […]

Options on interest rate caps are called: a. Swaptions. b. Captions. c. Flotions. d. Collars. e. None of the above. A rating of Ba3 means that a bond is: a. Very high grade, very high quality. b. Lower medium grade. […]

An investment banking firm will typically put together a group of firms in order to: a. Reduce the risk of capital loss. b. Reduce the risk of default. c. Increase the revenues generated from the underwriting process. d. Reduce the […]

If actual reserves exceed required reserves, the difference is referred to as: a. Spread income. b. Secondary reserves. c. Excess reserves. d. Total reserves. e. None of the above. The higher the beta, the higher the expected return. a. True. […]

A covered or hedge strategy involves: a. A position in an option. b. Funds invested in a riskfree security. c. A position in the underlying stock. d. a and c only. e. All of the above. The two elements of […]

The relationship between yield and maturity is referred to as: a. Yield curve. b. Term structure of interest rates. c. Term to maturity. d. Yield spread. e. None of the above. Most states mandate that general obligation issues be marketed […]

Which of the following terms are associated with insurance companies? a. Premiums. b. Risk bearers. c. Underwriting process. d. a and b only. e. All of the above. The difference between the cash price and the futures price is called: […]

Which of the following statements is most correct? a. The NYSE is called a membership organization. b. NYSE’s owners are its seat holders. c. NASDAQ is owned by the NASD. d. NASDAQ is a for-profit organization. e. All of the […]

A security’s return can be decomposed into the following two parts: a. Systematic return. b. Unsystematic return. c. Historical return. d. a and b only. e. b and c only. Liquidity-generating innovations: a. Increase the liquidity of the market. b. […]

The term structure of interest rates is the relationship between the yields on comparable securities but different: a. Spreads. b. Maturities. c. Credit ratings. d. Provisions. e. None of the above. In the presence of inflation-driven high interest rates, mortgage […]

Which of the following is most correct? a. Stock trading by individuals has increased significantly during the last decade. b. Stock trading commissions have increased both for institutions and individuals. c. Discount brokers and online brokers offer less service to […]

The buyer of a floor benefits if the designated reference: a. Stays the same. b. Rises above the strike rate. c. Falls below the strike rate. d. None of the above. A cap is equivalent to: a. A package of […]

Arbitraging instruments enable investors and borrowers to take advantage of differences in costs and returns between markets. a. True. b. False. The consumer has several decisions to make regarding: a. How much to invest. b. How much to lend. c. […]

Hedging with options by taking a position in the underlying stock allows the investor to lock in: a. The riskless arbitrage profit. b. The abnormal return. c. The riskfree rate. d. Price risk. e. None of the above. Options traded […]

Continual bank borrowing at the Fed for long periods and in large amounts is viewed as a sign of: a. A bank’s financial weakness. b. Exploitation of the interest differential for profit. c. Financial health due to increased loan demand […]

Municipal bonds may be retired with a: a. Serial maturity structure. b. Term maturity structure. c. Combination of the serial and term maturity structures. d. None of the above. e. All of the above. Past-due interest bonds are less frequently […]

Collateral trust bonds pledge real property or personal property to offer security beyond that of the general credit standing of the issuer. a. True. b. False. The basic economic function of futures markets is to provide an opportunity for market […]

Dollar duration of a bond measures the: a. Dollar price change. b. Percentage price change. c. Average price change. d. Change in yield. e. None of the above. Forward rates exclusively represent the expected future rates according to the: a. […]

In a CMBS transaction, the special servicer is responsible for overseeing the deal, verifying that all servicing agreements are being maintained, and facilitating the timely payment of interest and principal. Fusion or hybrid deals are multiple borrower CMBS deals that […]

The stomach’s gastric juice consists of ________. A) digestive enzymes only B) hydrochloric acid only C) digestive enzymes and hydrochloric acid only D) mucus, digestive enzymes, and hydrochloric acid What is the key to the recognition of codominance? A) The […]

A cell that neither gains nor loses a net amount of water at equilibrium when it is immersed in a solution is ________. A) isotonic to its environment B) hypertonic to its environment C) hypotonic to its environment D) metabolically […]

Which of these techniques could tell you how gene expression differs between individuals with and without cystic fibrosis? A) therapeutic cloning B) DNA microarray C) reproductive cloning D) karyotyping The type of reproductive barrier that occurs when two species mate […]

Plant viruses ________. A) often use RNA, rather than DNA, as their genetic material B) benefit plants, rather than causing disease C) cause diseases that can be easily cured D) do not exist, as viruses attack only animals Read the […]

Which of the following equations best summarizes photosynthesis? A) 6 CO2 + 6 H2O + 6 O2 → C6H12O6 B) 6 CO2 + 6 H2O → C6H12O6 + 6 O2 C) 6 CO2 + 6 O2 → C6H12O6 + 6 […]

Read the following scenario to answer the following question(s). Endotoxins are commonly found in the air, both inside and outside our homes. These “air endotoxins” can come from sources that include house dust mites, agricultural and industrial dust, and dust […]

Read the following scenario to answer the following questions. As part of a semester-long biology field research course, you are studying reproductive barriers among four different frog species. Your goal is to determine what type of reproductive barrier likely causes […]

One problem with eradicating invasive species is that sometimes the disturbed area is unable to be colonized by native species. For example, in forests where the invasive plant garlic mustard has been removed, native plants and animals do not recolonize […]

Which of the following is hydrophilic? A) cellulose B) testosterone C) butter D) cholesterol Seeds develop from ________. A) carpels B) anthers C) ovules D) ovaries Answer: C The sum total of all the chemical reactions that occur in organisms […]

Which of the following form tubes and are alive when mature? A) parenchyma cells B) collenchyma cells C) water-conducting cells D) food-conducting cells In Texas, a man showed up at a medical facility claiming that he felt drunk when he […]

Which of the following is a component of the fossil record? A) the distribution of murid rodents in Australia and Asia B) the similarity of the forelimbs of cats and bats C) molecular sequences D) bones of extinct whales Natalie […]

Which of the following is a population? A) the termites infesting your house along with the microorganisms living in their guts B) all of the termites that have ever lived C) all organisms living in your house D) the termites […]

The figure below illustrates ________. A) transcription factors B) activators C) alternative RNA splicing D) protein activation Digestion begins in the ________. A) oral cavity B) esophagus C) pharynx D) stomach Answer: Answer: C Sustainable development ________. I) will require […]

A DNA fragment with a sticky end that reads -ATTCG will bind with another DNA fragment with a sticky end that reads ________. A) TAAGC- B) CGGAT- C) GCCTA- D) ATTGC- What type of symmetry does this organism exhibit? A) […]

Which of the following best describes transpiration? A) the loss of oxygen from a plant B) evaporation from a plant’s roots C) the bulk flow movement of water in a plant D) the loss of water from plant leaves through […]

Which of the following have thick secondary cell walls strengthened with lignin, and support plants like steel beams in a building? A) parenchyma cells B) collenchyma cells C) sclerenchyma cells D) water-conducting cells What type of reproductive isolating mechanism is […]

What was the first stage of the process that led to the abiotic origin of life? A) synthesis of monomers, such as amino acids and nucleotides B) origin of self-replicating molecules C) synthesis of polymers, such as proteins and nucleic […]

If your blood pressure were 120/70, it would mean that ________. A) your blood pressure during systole is 120 and your blood pressure during diastole is 70 B) you have high blood pressure C) you have low blood pressure D) […]

The ________ help(s) plants retain water. A) hypha B) cuticle C) mycorrhiza D) lignin Why is RNA thought to have been the first genetic material? A) RNA is structurally simpler than DNA. B) RNA has been found on meteorites. C) […]

You encounter an insect with small eyes, long sensory antennae, and a long mouthpart shaped like a sword. What can you conclude about the environment in which it lives? A) The environment is dark and has many plants. B) The […]

Diffusion ________. A) is the result of the potential energy of atoms B) requires an input of cellular energy C) occurs when particles spread from areas where they are less concentrated to areas where they are more concentrated D) proceeds […]

What name is given to the food-trapping cells of sponges? A) cnidocytes B) amoebocytes C) skeletal fibers D) choanocytes Why are most food chains limited to three to five trophic levels? A) The higher the trophic level, the larger the […]

Functionally, what is the muscle fiber’s fundamental unit of contraction? A) thick filament B) thin filament C) myofibril D) sarcomere Anaphase II is essentially the same as mitotic anaphase except that in anaphase II ________ and in mitotic anaphase ________. […]

How can bacteriophage DNA be spread from cell to cell without causing cell death? A) by altering the way a cell splices its RNA B) via a lytic cycle C) via a lysogenic cycle D) by changing the length of […]

White blood cells play a particularly important role in ________. A) fighting infections B) supporting the activity of red blood cells C) carrying carbon dioxide D) blood clotting Which of the following is an example that results from directional selection? […]

Menstruation ________. A) involves the breakdown of the endometrium B) is stimulated by HCG C) occurs after ovulation but prior to degeneration of the follicle D) is triggered by an LH surge Read the following scenario to answer the following […]

On average, what percentage of the energy in one trophic level becomes incorporated into the next higher trophic level? A) 10% B) 30% C) 50% D) 90% Please read the following scenario to answer the following question. The parents of […]

Which one of the following statements is TRUE? A) Cones are more sensitive to light than rods. B) Rods can distinguish color. C) There are three different types of cones in the human eye. D) The human retina is completely […]

The stomach mixes food with the secretions of the stomach wall to form ________. A) gastric juice B) a food ball C) chyme D) acid gastrin Please read the following paragraph and then answer the following questions. Birth control methods […]