投资学题库Chap002概要1.docx

2- PAGE \* MERGEFORMAT 89 Copyright ? 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 02 Asset Classes and Financial Instruments ? Multiple Choice Questions? 1.Which of the following is not a characteristic of a money market instrument??? A.?Liquidity B.?Marketability C.?Long maturity D.?Liquidity premium E.?Long maturity and liquidity premium? 2.The money market is a subsector of the?? A.?commodity market. B.?capital market. C.?derivatives market. D.?equity market. E.?None of the options? 3.Treasury Inflation-Protected Securities (TIPS)?? A.?pay a fixed interest rate for life. B.?pay a variable interest rate that is indexed to inflation, but maintain a constant principal. C.?provide a constant stream of income in real (inflation-adjusted) dollars. D.?have their principal adjusted in proportion to the Consumer Price Index. E.?provide a constant stream of income in real (inflation-adjusted) dollars and have their principal adjusted in proportion to the Consumer Price Index.? 4.Which one of the following is not a money market instrument??? A.?Treasury bill B.?Negotiable certificate of deposit C.?Commercial paper D.?Treasury bond E.?Eurodollar account? 5.T-bills are financial instruments initially sold by ________ to raise funds.?? A.?commercial banks B.?the U.S. government C.?state and local governments D.?agencies of the federal government E.?the U.S. government and agencies of the federal government? 6.The bid price of a T-bill in the secondary market is?? A.?the price at which the dealer in T-bills is willing to sell the bill. B.?the price at which the dealer in T-bills is willing to buy the bill. C.?greater than the asked price of the T-bill. D.?the price at which the investor can buy the T-bill. E.?never quoted in the financial press.? 7.