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1.Which of the following major financial institutions are not considered to be part of the securities industry? a. investment companies b. investment banks c.securities brokers and dealers d.commercial banks

2.The majority of debt financing for the U.S. corporations is raised on : a. OTC market b. NYSE c. ECNs D. NASDAQ

3.Which of the following transforms claims in the process of channeling funds? I. depository financial intermediaries II. non-depository financial intermediaries III. investment banks: a. I only b. I and II only c. I and III only d. I,II, and III

4.Which sector of the economy runs a financial surplus almost every year? a. the government sector b. the business sector c. the household sector d. none of the above

5.Which sector of the economy runs a financial deficit every year? a. the government sector b. the business sector c. the household sector d. none of the above

6.Which of the following is true concerning depository financial intermediaries? a. they are important to channeling of funds between lenders and borrowers b. they are regulated to prevent them from becoming insolvent c. they are required to make loans and protect the safety of funds provided by depositors d. all of the above

7. Which of the following is not a factor that affects cash flows of a commercial bank? a. changes in economic growth b. changes in industry conditions c. changes in management abilities d. all of the above are factors that affect flows of a commercial bank

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