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ank/
Answer: A
Difficulty: 1 Easy
Topic: Real Assets versus Financial Assets
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
2) Real assets in the economy include all but which one of the following?
A) land
B) buildings
C) consumer durables
D) common stock
Answer: D
Difficulty: 1 Easy
Topic: Real Assets versus Financial Assets
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
3) Net worth represents ________ of the liabilities and net worth of commercial banks.
A) about 51%
B) about 91%
C) about 11%
D) about 31%
Answer: C
Difficulty: 2 Medium
Topic: Financial Intermediaries
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
1
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Answer: B
Difficulty: 2 Medium
Topic: Real Assets versus Financial Assets
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
5) According to the Flow of Funds Accounts of the United States, the largest liability of U.S.
households is ________.
A) mortgages
B) consumer credit
C) bank loans
D) gambling debts
Answer: A
Difficulty: 2 Medium
Topic: Real Assets versus Financial Assets
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Answer: A
Difficulty: 1 Easy
Topic: Financial Assets
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
2
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
7) According to the Flow of Funds Accounts of the United States, the largest financial asset of
U.S. households is ________.
A) mutual fund shares
B) corporate equity
C) pension reserves
D) deposits
Answer: C
Difficulty: 2 Medium
Topic: Real Assets versus Financial Assets
Learning Objective: 01-02 Distinguish between real assets and financial assets.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
8) Active trading in markets and competition among securities analysts helps ensure that:
Answer: D
Difficulty: 3 Hard
Topic: Financial Markets and the Economy
Learning Objective: 01-03 Explain the economic functions of financial markets and how
various securities
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
3
Copyright © 2019 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written consent of McGraw-Hill Education.
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