Name ____________________________________
FINANCIAL MARKETS AND INSTITUTIONS
FINA 4400
Final Exam
INSTRUCTIONS: Put your name on both your test and the scantron. Only the answers on the
scantron will be graded for Section I. When you have completed your test, turn in both the test
and scantron and sign out on the sheet provided in the front of the classroom.
Multiple choice. Answer all 37 questions on the provided scantron. Each question is worth
2.7027027 points. (100 total points)
1. Which of the following are money market instruments?
A. Negotiable CDs
B. Common stock
C. T-bonds
D. 4 year maturity corporate bond
E. A, B and C are money market instruments
2. The preliminary version of a security offer that is circulated to potential buyers before SEC
approval (registration) is obtained is called a
A. Final prospectus
B. Shelf registration statement
C. Due diligence draft
D. Waiting period offer
E. Red herring prospectus
3. Of the following, the most recent derivative security innovations are
A. Foreign currency futures
B. Interest rate futures
C. Stock index futures
D. Stock options
E. Credit derivatives
4. Which of the following bond types pays interest that is exempt from Federal taxation?
A. municipal bonds
B. corporate bonds
C. Treasury bonds
D. convertible bonds
E. both A and C
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