Chapter 002 Security Markets: Present and Future True / False Questions 1. Deregulation of financial institutions and mergers have created a more competitive environment for retail brokerage houses. TRUE 2. NASDAQ is one of the three largest stock markets in the world. TRUE 3. International competition from world markets has had very little affect on U.S. exchanges. FALSE 4. When an investment bank sells securities on a best efforts basis, it assumes all risk of the offering. FALSE 5. In the distribution of corporate bond issues, private placements to insurance companies dominate the volume of public offerings. FALSE 6. A shelf registration enables an investment banker to sell a small portion of an issue without forming a syndicate. TRUE 7. The advent of the regional exchange in 1975 improved market efficiency and price competition between exchanges. FALSE
Chapter 002 Security Markets: Present and Future True / False Questions 1. Deregulation of financial institutions and mergers have created a more competitive environment for retail brokerage houses. TRUE 2. NASDAQ is one of the three largest stock markets in the world. TRUE 3. International competition from world markets has had very little affect on U.S. exchanges. FALSE 4. When an investment bank sells securities on a best efforts basis, it assumes all risk of the offering. FALSE 5. In the distribution of corporate bond issues, private placements to insurance companies dominate the volume of public offerings. FALSE 6. A shelf registration enables an investment banker to sell a small portion of an issue without forming a syndicate. TRUE 7. The advent of the regional exchange in 1975 improved market efficiency and price competition between exchanges. FALSE
Test-Bank-Fundamentals-of-Investment-Management-9th-Edition-Hirt.docx