The foreign exchange market is organized as______.
A.a physical market
B.a capital market
C.a speculative market
D.over-the-counter market
Which of the following is a debt instrument found in the capital market?______.
A.U.S. Treasury bill
B.Commercial paper
C.Residential mortgage
D.Demand deposit
The present market (capital) value of a one-year bond with a yearly coupon payment of US$30 and face value of US$400 is______.
A.US$12
B.US$400
C.approximately US$388
D.indeterminable from the information given
Which of the following would you classify as capital market instruments?______.
A.Fixed-rate securities convertible into shares in a bank
B.Bank loans
C.Bank deposits
D.None of the above
A.Tends to establish a ceiling for the market price of the stock.
B.Tends to establish a floor for the market price of the stock.
C.Represents legal capital and is not related to the market price of the stock.
D.Is increased by net income and decreased by dividends.
Which of the following instruments is traded in a capital market?______.
A.Bankers acceptance
B.S. Treasury Bill
C.Eurodollar
D.Commercial paper
E.None of the above