Exam 2: An Overview of the Financial System

The countries that have made the least use of securities markets are ________ and ________; in these two countries finance from financial intermediaries has been almost ten times greater than that from securities markets.

An important financial institution that assists in the initial sale of securities in the primary market is the

Which of the following are short-term financial instruments?

The primary assets of a finance company are

Which of the following are not contractual savings institutions?

Financial institutions that accept deposits and make loans are called ________ institutions.

Which of the following statements about the characteristics of debt and equity is false?

A financial market in which only short-term debt instruments are traded is called the ________ market.

With direct finance,funds are channeled through the financial market from the ________ directly to the ________.

The primary purpose of deposit insurance is to

In the United States,loans from ________ are far ________ important for corporate finance than are securities markets.

With ________ finance,borrowers obtain funds from lenders by selling them securities in the financial markets.

Which of the following can be described as involving indirect finance?

Which of the following statements about financial markets and securities is true?

A restriction on bank activities that was repealed in 1999 was

When an investment bank ________ securities,it guarantees a price for a corporation's securities and then sells them to the public.

The time and money spent in carrying out financial transactions are called

The primary assets of money market mutual funds are

Bonds that are sold in a foreign country and are denominated in the country's currency in which they are sold are known as

Which of the following is a depository institution?