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Test bank for Financial Markets & Institutions, 13th Edition by Jeff Madura

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Test bank for Financial Markets & Institutions 13e 13th Edition by Jeff Madura. ISBN-13: 0797 Full Chapters test bank included Chapter 1: Role of Financial Markets and Institutions 1-1 Role of Financial Markets 1-2 Securities Traded in Financial Markets 1-3 Role of Financial Institutions ...

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  • February 25, 2023
  • 341
  • 2022/2023
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Name: Class: Date:

Chap 01_13e

Indicate whether the statement is true or false.
1. Savings institutions are a type of nondepository institution.
a. True
b. False

2. Most of the funds that insurance companies receive from premiums are invested in short-run money market
securities.
a. True
b. False

3. Securities represent a claim on the provider of funds.
a. True
b. False

4. The Sarbanes-Oxley Act requires firms to provide complete and accurate financial information and imposes
penalties on key executives of the firm if financial fraud is detected.
a. True
b. False

5. A broker executes securities transactions between two parties and charges a commission for the transaction.
a. True
b. False

6. An asymmetric information problem arises when one party to a transaction has information that is not available to
the other party, as when a corporation fails to tell investors the full extent of its losses.
a. True
b. False

7. When security prices fully reflect all available information, the markets for these securities are said to be perfect.
a. True
b. False

8. If financial markets are efficient, this implies that all securities should earn the same return.
a. True
b. False

9. In recent years, financial institutions have consolidated to capitalize on economies of scale and on economies of
scope.
a. True
b. False

10. Those financial markets that facilitate the flow of short-term funds (with maturities of less than one year) are
known as capital markets, while those that facilitate the flow of long-term funds are known as money markets.
a. True
b. False

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