金融市场与金融机构基础 Fabozzi Chapter13.docVIP

Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 13 Primary Markets and the Underwriting of Securities Multiple Choice Questions 1 The Traditional Process for Issuing New Securities 1) The ________ involves the distribution to investors of newly issued securities by central governments, its agencies, municipal governments, and corporations A) OTC market B) secondary market C) primary market D) stock market Answer: C Diff: 1 Topic: 13.1 The Traditional Process for Issuing New Securities Objective: 13.1 the role investment bankers play in the distribution of newly issued securities 2) The participants in the marketplace that work with issuers to distribute newly issued securities are called investment bankers. Investment banking is performed by two groups: ________. A) commercial banks and securities houses. B) hometown banks and securities houses. C) commercial banks and bank houses. D) savings loans and bank houses. Answer: A Diff: 2 Topic: 13.1 The Traditional Process for Issuing New Securities Objective: 13.1 the role investment bankers play in the distribution of newly issued securities 3) The traditional process in the United States for issuing new securities involves investment bankers performing up to three functions. Which of the below is NOT one of these functions? A) One function is advising the issuer on the terms and the timing of the offering. B) One function is selling the securities to the issuer. C) One function is distributing the issue to the public. D) One function is buying the securities from the issuer. Answer: B Comment: The traditional process in the United States for issuing new securities involves investment bankers performing one or more of the following three functions: (1) advising the issuer on the terms and the timing of the offering, (2) buying the securities from the issuer, and (3) distributing the issue to the public. Diff: 1 Topic: 13.1 The Traditional Process for Issuing New Sec