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Chapter 02 Asset Classes and Financial Instruments

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Question;37.;Federally sponsored;agency debt;A.;is legally;insured by the U.S. Treasury.;B.;would;probably be backed by the U.S. Treasury in the event of a near-default.;C.;has a small;positive yield spread relative to U.S. Treasuries.;D.;would;probably be backed by the U.S. Treasury in the event of a near-default and;has a small positive yield spread relative to U.S. Treasuries.;E.;is legally;insured by the U.S. Treasury and has a small positive yield spread relative;to U.S. Treasuries.;38.;Brokers' calls;A.;are funds;used by individuals who wish to buy stocks on margin.;B.;are funds;borrowed by the broker from the bank, with the agreement to repay the bank;immediately if requested to do so.;C.;carry a rate;that is usually about one percentage point lower than the rate on U.S.;T-bills.;D.;are funds;used by individuals who wish to buy stocks on margin and are funds borrowed;by the broker from the bank, with the agreement to repay the bank;immediately if requested to do so.;E.;are funds;used by individuals who wish to buy stocks on margin and carry a rate that;is usually about one percentage point lower than the rate on U.S. T-bills.;39.;A form of short-term;borrowing by dealers in government securities is;A.;reserve;requirements.;B.;repurchase;agreements.;C.;bankers' acceptances.;D.;commercial;paper.;E.;brokers;calls.;40.;Which of the;following securities is a money market instrument?;A.;Treasury note;B.;Treasury bond;C.;Municipal;bond;D.;Commercial;paper;E.;Mortgage;security;41.;The yield to;maturity reported in the financial pages for Treasury securities;A.;is calculated;by compounding the semiannual yield.;B.;is calculated;by doubling the semiannual yield.;C.;is also;called the bond equivalent yield.;D.;is calculated;as the yield-to-call for premium bonds.;E.;is calculated;by doubling the semiannual yield and is also called the bond equivalent;yield.;42.;Which of the;following is not a;mortgage-related government or government-sponsored agency?;A.;The Federal;Home Loan Bank;B.;The Federal;National Mortgage Association;C.;The U.S.;Treasury;D.;Freddie Mac;E.;Ginnie Mae

 

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