ch21 - Financial Markets and Institutions, 6e...

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Financial Markets and Institutions, 6e (Mishkin/Eakins)  Chapter 21    1
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The Mutual  Fund  Industry 21.1 
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Multi ple  Choi ce
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1) 
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Mutual  funds hold about _________ of financial intermediaries' total assets.  A) 
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one - sixth  B) 
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one - fourth  C) 
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one - half  D) 
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two - thirds  Answer:  
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Question Status: 
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Previous Edition 2) 
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________ intermediation means that small investors can pool their funds with other investors to purchase high face  value securities.  A) 
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Liquidity  B) 
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Financial  C) 
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Denomination  D) 
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Share  Answer:  
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Question Status: 
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Previous Edition 3) 
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Mutual  funds offer investors all of the following except  A) 
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greater - than - average returns.  B) 
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diversified  portfolios.  C) 
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lower  transaction costs.  D) 
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professional  investment management.  Answer:  
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Question Status: 
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Previous Edition 4) 
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Mutual  funds  A) 
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pool the  resources of  many small investors by selling these investors shares and using the proceeds to buy securities.  B) 
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allow small  investors to obtain the benefits of lower transaction costs in purchasing securities.  C) 
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provide small  investors a diversified portfolio that reduces risk.  D) 
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do all of the  above.  E) 
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This note was uploaded on 10/17/2011 for the course ECON 317 taught by Professor Guidry during the Spring '11 term at Nicholls State.

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ch21 - Financial Markets and Institutions, 6e...

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