FIN 355 Quiz 1 New Work
FIN 355 Quiz 1 NEW
Speaking of informational efficiency, if the market is strong-form efficient, it also must be _______.
If insiders can profit from monopolistic access to information, the market must be
If investors can consistently outperform the market by tracking past prices, the market is _______.
Which of the following statements is correct?
Opportunity cost is the cost is_______.
The three aspects of market efficiency are
The difference between a return on a risky investment and a risk-free rate is called the _______.
Bearish investors realize _______ returns when the stock market _______; at the same time, bullish investors realize _______ returns.
Semi-strong-form informational efficiency implies that
Historically, which class of securities has had the lowest amount of risk?
Due to nature of their business, all banks face the following types of risk:
Mutual funds face liquidity risk because _______.
Depository institutions hold cash and marketable securities to reduce _______.
What is the primary liability category of commercial banks?
A typical bank is exposed to interest-rate risk primarily because _______.
In the loanable funds theory, SSUs are _______.
A _______ represents a portfolio of securities owned by investors.
Primary assets of mutual funds are
Finance companies make a living by _______.
Which of the following is an example of denomination intermediation?