a. commercial bank b. thrift institution c. securities broker d. all are financial intermediaries ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: An overview of the U.S. financial system 23. In the ________ market, the firm receives the proceeds from the sale of its securities. a. over-the-counter b. secondary c. fully integrated d. primary ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: Primary and secondary markets 24. A savings and loan association is an example of which type of financial intermediary? a. commercial bank b. investment company c. finance company d. thrift institution ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: Thrift institutions 25. In any economy as a the actual savings for a given period of time must ________ the actual investments. a. be greater than b. be unrelated to c. equal d. be less than ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: An overview of the financial system 26. Financial intermediaries a. issue secondary claims to the lender b. are compensated for their services by fixed fees c. include both brokers and dealers d. issue primary claims to the lender ANS: A PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest TOP: An overview of the finance system 27. The main purpose of an economy's financial system is to facilitate the transfer of funds from a. financial middlemen to financial intermediaries
a. commercial bank b. thrift institution c. securities broker d. all are financial intermediaries ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: An overview of the U.S. financial system 23. In the ________ market, the firm receives the proceeds from the sale of its securities. a. over-the-counter b. secondary c. fully integrated d. primary ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: Primary and secondary markets 24. A savings and loan association is an example of which type of financial intermediary? a. commercial bank b. investment company c. finance company d. thrift institution ANS: D PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: Thrift institutions 25. In any economy as a the actual savings for a given period of time must ________ the actual investments. a. be greater than b. be unrelated to c. equal d. be less than ANS: C PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest rates TOP: An overview of the financial system 26. Financial intermediaries a. issue secondary claims to the lender b. are compensated for their services by fixed fees c. include both brokers and dealers d. issue primary claims to the lender ANS: A PTS: 1 OBJ: TYPE: Fact NAT: Reflective thinking LOC: Knowledge of financial markets and interest TOP: An overview of the finance system 27. The main purpose of an economy's financial system is to facilitate the transfer of funds from a. financial middlemen to financial intermediaries
Test-Bank-Contemporary-Corporate-Finance-11th-Edition-McGuigan.docx