【正文】 tream of ine that is determined according to a specified formula for the life of the security.a variable level of ine for owners on a fixed ine.C.A.18.A debt security paysa variable level of ine for owners on a fixed ine.D.a fixed level of ine for the life of the owner.B.$ trillion.$ trillion.D.$ trillion.B.equipment and software.inventories.D.nonresidential real estate.B.equipment and software.inventories.D.nonresidential real estate.B.%%D.%B.Personal trustsMutual fund sharesD.Pension reservesB.other debtbank loansD.credit cardsB.pension reservesdebt securitiesD.real estateB.pension reservesdebt securitiesD.real estateB.pension reservesdebt securitiesD.real estateB.bank loansreal estateD.consumer durablesB.are of no value to anyone.do not contribute to the country39。contribute to the country39。indirectly contribute to the country39。directly contribute to the country39。Derivatives and . agency bonds areDerivatives areD.Buildings areB.Bonds, machines, and stocksStocksD.BondsB.exchangedriven assets.derivative assets.D.investment assets.B.Land, machines, and knowledgeStocks and bondsD.LandB.all physical assets.all real assets.C.A.1.The material wealth of a society is a function ofChapter 01The Investment EnvironmentMultiple Choice Questionsall financial assets.B.all financial and real assets.D.2._______ are real assets.A.MachinesC.KnowledgeE.3.The means by which individuals hold their claims on real assets in a welldeveloped economy areA.depository assets.C.financial assets.E.4._______ are financial assets.A.MachinesC.Bonds and stocksE.5._________ financial asset(s).A.Land is aC.. agency bonds areE.6.Financial assetsA.s productive capacity.B.s productive capacity.C.s productive capacity both directly and indirectly.D.s productive capacity either directly or indirectly.E.7.In 2012, ____________ was the most significant real asset of . households in terms of total value.A.automobilesC.mutual fund sharesE.8.In 2012, ____________ was the least significant financial asset of . households in terms of total value.A.mutual fund sharesC.life insurance reservesE.9.In 2012, ____________ was the most significant financial asset of . households in terms of total value.A.mutual fund sharesC.life insurance reservesE.10.In 2012, ____________ was the most significant asset of . households in terms of total value.A.mutual fund sharesC.life insurance reservesE.11.In 2012, ____________ was the most significant liability of . households in terms of total value.A.mortgagesC.student loansE.12.Which of the following financial assets made up the greatest proportion of the financial assets held by . households?A.Life insurance reservesC.Debt securitiesE.13.In 2012 _______ of the assets of . households were financial assets as opposed to tangible assets.A.%C.%E.14.The largest ponent of domestic net worth in 2012 wasA.residential real estate.C.consumer durables.E.15.The smallest ponent of domestic net worth in 2012 wasA.residential real estate.C.consumer durables.E.16.The national net worth of the . in 2012 wasA.$ trillion.C.$ trillion.E.17.A fixedine security paysA.a fixed stream of ine or a stream of ine that is determined according to a specified formula for the life of the security.C.a fixed or variable ine stream at the option of the owner.a fixed level of ine for the life of the owner.B.a fixed or variable ine stream at the option of the owner.D.19.Money market securitiesA.are highly marketable.C.are highly marketable and are generally very low risk.E.20.An example of a derivative security isA.a call option on Intel stock.C.a call option on Intel stock and a modity futures contract.E.21.The value of a derivative securityA.is unable to be calculated.C.has been enhanced due to the recent misuse and negative publicity regarding these instruments.E.22.Although derivatives can be used as speculative instruments, businesses most often use them toA.appease stockholders.C.hedge risks.E.23.Financial assets permit all of the following exceptA.allocation of risk.C.elimination of risk.agency problemB.liquidity problemD.regulatory problemit encourages managers to undertake projects that will increase stock price.B.it can create an incentive for managers to manipulate information to prop up a stock price temporarily, giving them a chance to cash out before the price returns to a level reflective of the firm39。All of the optionss stock options for pensationII) Hiring bickering family members as corporate spiesIII) Boards of directors forcing out underperforming managementIV) Security analysts monitoring the firm closelyV) Takeover threatsA.I, III, and IVC.III, IV, and VE.27.Corporate shareholders are best protected from inpetent management decisions byA.management39。the ability to call shareholder meetings.D.oneshare/onevote election rules.improved management.B.increased benefits to existing management of takenover firm.D.All of the optionsII, III, and IVB.II and IVD.I,