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A)
the sum of all current and future income
B)
the total of all assets and all income
C)
the total of assets and income less any liabilities.
D)
the sum of current income and the present value of future income.
Ans:
D
A)
B)
C)
D)
Ans:
A)
B)
C)
D)
Ans:
4.The retirement plans that guarantee retirees a set amount of money each month are
known as:
A)
401(k) plans
B)
self-directed plans
C)
defined-benefit plans
D)
defined-contribution plans
Ans:
C
A)
B)
C)
D)
Ans:
5.The investment professionals that arrange the sale of new securities are called:
arbitragers
traders
investment bankers
specialists
C
7.Investment professionals whose jobs may depend on their performance relative to the
market are the:
A)
registered representatives
B)
security analysts
C)
investment bankers
D)
portfolio managers
Ans:
D
A)
B)
C)
D)
Ans:
A)
B)
C)
D)
Ans:
9.Most financial advisors are registered with the Securities and Exchange Commission as:
registered representatives.
registered investor advisors.
registered financial planners.
registered securities consultants.
B
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B)
C)
D)
Ans:
Portfolio management
Institutional investing
Retirement planning
B
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C)
D)
Ans:
They may receive information from public companies prior to individual investors.
All of the above are advantages.
B
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appropriate risk must be estimated. And lastly, the efficiency of stock markets must
be considered and if the market value of the stock is the same as the economic
value.
45.Why are investors and their brokers sometimes on different sides of the fence when it
comes to trading decisions?
Ans:
Investors are generally looking for long-term returns and must consider the overall
cost of trading. Investors may often do well with a buy and hold strategy. Brokers,
on the other hand, make their living by commissions which means they have a
vested interest in having customers trade more often.
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