Question 1

The sophisticated telecommunications network that links OTC dealers and brokers is the ____________________ system.

Accepted Answer

NASDAQ or National A

Question 2

Which of the following type of bonds are backed by specific assets of the company,which are pledged as collateral?

Accepted Answer

A)  debenture bonds 
B)  holding bonds 
C)  conventional bonds 
D)  secured bonds 
A)  debenture bonds 
B)  holding bonds 
C)  conventional bonds 
D)  secured bonds

Question 3

Which of the following are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand without penalty?

Accepted Answer

A)  marketable securities 
B)  demand deposits 
C)  commercial deposits 
D)  time deposits 
A)  marketable securities 
B)  demand deposits 
C)  commercial deposits 
D)  time deposits

Question 4

____________________ is anything (regardless of form)that is acceptable as payment for goods and services.

Accepted Answer

The answer of ____________________ is anything (regardless of form)that is...

Question 5

The overnight rate is the interest rate that the Bank of Canada charges member banks for loans.

Accepted Answer

A) True 
 B)False

Question 6

Choosing a form of money that will last a long time illustrates ____________________,a necessary characteristic of money.

Accepted Answer

The answer of Choosing a form of money that will...

Question 7

Some corporations pay their shareholders in the form of more shares.Which of the following BEST describes this type of payment?

Accepted Answer

A)  a stock dividend 
B)  a dividend windfall 
C)  a share distribution 
D)  a share reward 
A)  a stock dividend 
B)  a dividend windfall 
C)  a share distribution 
D)  a share reward

Question 8

"Investment banker" is another term for "stockbroker."

Accepted Answer

A) True 
 B)False

Question 9

For money to be an acceptable medium of exchange which of the following are necessary?

Accepted Answer

A)  It must be scarce,divisible,portable,and durable. 
B)  It must be distributable,durable,comparable,and valuable. 
C)  It must be portable,sortable,profitable,and divisible. 
D)  It must be compatible,durable,universal,sortable. 
A)  It must be scarce,divisible,portable,and durable. 
B)  It must be distributable,durable,comparable,and valuable. 
C)  It must be portable,sortable,profitable,and divisible. 
D)  It must be compatible,durable,universal,sortable.

Question 10

Organized stock exchanges operate in a similar manner to which of the following?

Accepted Answer

A)  an auction company 
B)  an indirect distribution channel 
C)  a retailer 
D)  a wholesaler 
A)  an auction company 
B)  an indirect distribution channel 
C)  a retailer 
D)  a wholesaler

Question 11

Which of the following statements about a bull market is most accurate?

Accepted Answer

A)  Bull markets are characterized by a period of optimism. 
B)  Bull markets are characterized by government restraint. 
C)  Bull markets never last more than 12 months. 
D)  Bull markets never last longer than bear markets. 
A)  Bull markets are characterized by a period of optimism. 
B)  Bull markets are characterized by government restraint. 
C)  Bull markets never last more than 12 months. 
D)  Bull markets never last longer than bear markets.

Question 12

Which of the following statements about how banks are delivering financial services with Internet banking is true?

Accepted Answer

A)  Internet banking has led to a reduction of the number of financial services that banks offer. 
B)  Online presentment and payment has tremendous profit potential. 
C)  The appearance of Internet banking has reduced concerns about maintaining consumer privacy. 
D)  The number of Internet banks is growing more rapidly than brick-and-mortar banks. 
A)  Internet banking has led to a reduction of the number of financial services that banks offer. 
B)  Online presentment and payment has tremendous profit potential. 
C)  The appearance of Internet banking has reduced concerns about maintaining consumer privacy. 
D)  The number of Internet banks is growing more rapidly than brick-and-mortar banks.

Question 13

List the four key characteristics of money if it is to be a suitable means of exchange.

Accepted Answer

scarcity,d

Question 14

What is another term for a chequing account?

Accepted Answer

A)  a treasury account 
B)  a time deposit 
C)  a demand deposit 
D)  a certificate of deposit 
A)  a treasury account 
B)  a time deposit 
C)  a demand deposit 
D)  a certificate of deposit

Question 15

The CDIC insures deposits in member banks up to ____________________ per account.

Accepted Answer

The answer of The CDIC insures deposits in member banks...

Question 16

Which of the following is Canada's most international bank?

Accepted Answer

A)  CIBC 
B)  Scotiabank 
C)  Royal Bank 
D)  BMO 
A)  CIBC 
B)  Scotiabank 
C)  Royal Bank 
D)  BMO

Question 17

____________________ are legally binding obligations to buy or sell specified quantities of commodities or financial instruments at an agreed-upon price at a future date.

Accepted Answer

The answer of ____________________ are legally binding obligations to buy...

Question 18

What are money market deposit accounts and certificates of deposit officially called?

Accepted Answer

A)  investor deposits 
B)  demand deposits 
C)  time deposits 
D)  income deposits 
A)  investor deposits 
B)  demand deposits 
C)  time deposits 
D)  income deposits

Question 19

Kate Tankersly pays her bills each month by writing cheques.Tankersly is using which of the following type of account?

Accepted Answer

A)  a certificate of deposit 
B)  a time deposit 
C)  a demand deposit 
D)  a federal deposit 
A)  a certificate of deposit 
B)  a time deposit 
C)  a demand deposit 
D)  a federal deposit

Question 20

What are the two types of equity shares?

Accepted Answer

common sha

The sophisticated telecommunications network that links OTC dealers and brokers is the ____________________ system.

Which of the following type of bonds are backed by specific assets of the company,which are pledged as collateral?

Which of the following are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand without penalty?

____________________ is anything (regardless of form)that is acceptable as payment for goods and services.

The overnight rate is the interest rate that the Bank of Canada charges member banks for loans.

Choosing a form of money that will last a long time illustrates ____________________,a necessary characteristic of money.

Some corporations pay their shareholders in the form of more shares.Which of the following BEST describes this type of payment?

"Investment banker" is another term for "stockbroker."

For money to be an acceptable medium of exchange which of the following are necessary?

Organized stock exchanges operate in a similar manner to which of the following?

Which of the following statements about a bull market is most accurate?

Which of the following statements about how banks are delivering financial services with Internet banking is true?

List the four key characteristics of money if it is to be a suitable means of exchange.

What is another term for a chequing account?

The CDIC insures deposits in member banks up to ____________________ per account.

Which of the following is Canada's most international bank?

____________________ are legally binding obligations to buy or sell specified quantities of commodities or financial instruments at an agreed-upon price at a future date.

What are money market deposit accounts and certificates of deposit officially called?

Kate Tankersly pays her bills each month by writing cheques.Tankersly is using which of the following type of account?

What are the two types of equity shares?

understanding Evolving Economic Systems and Competition

the Global Marketplace and Governments’ Roles

Social Trends, social Responsibility, and Making Ethical Decisions in Business

Using Technology to Manage Information and for Business Success

Forms of Business Ownership

Entrepreneurship and Small Business

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Achieving World-class Operations Management

Understanding the Customer

Creating Marketing Strategies

Using Financial Information and Accounting

Managing the Firm’s Finances

Filters

Exam 15: Understanding Money, financial Institutions, and the Securities Markets

The sophisticated telecommunications network that links OTC dealers and brokers is the ____________________ system.

Which of the following type of bonds are backed by specific assets of the company,which are pledged as collateral?

Which of the following are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand without penalty?

____________________ is anything (regardless of form)that is acceptable as payment for goods and services.

The overnight rate is the interest rate that the Bank of Canada charges member banks for loans.

Choosing a form of money that will last a long time illustrates ____________________,a necessary characteristic of money.

Some corporations pay their shareholders in the form of more shares.Which of the following BEST describes this type of payment?

"Investment banker" is another term for "stockbroker."

For money to be an acceptable medium of exchange which of the following are necessary?

Organized stock exchanges operate in a similar manner to which of the following?

Which of the following statements about a bull market is most accurate?

Which of the following statements about how banks are delivering financial services with Internet banking is true?

List the four key characteristics of money if it is to be a suitable means of exchange.

What is another term for a chequing account?

The CDIC insures deposits in member banks up to ____________________ per account.

Which of the following is Canada's most international bank?

____________________ are legally binding obligations to buy or sell specified quantities of commodities or financial instruments at an agreed-upon price at a future date.

What are money market deposit accounts and certificates of deposit officially called?

Kate Tankersly pays her bills each month by writing cheques.Tankersly is using which of the following type of account?

What are the two types of equity shares?

understanding Evolving Economic Systems and Competition

the Global Marketplace and Governments’ Roles

Social Trends, social Responsibility, and Making Ethical Decisions in Business

Using Technology to Manage Information and for Business Success

Forms of Business Ownership

Entrepreneurship and Small Business

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Achieving World-class Operations Management

Understanding the Customer

Creating Marketing Strategies

Using Financial Information and Accounting

Managing the Firm’s Finances

Filters