ch23 - Financial Markets and Institutions, 6e...

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Financial Markets and Institutions, 6e (Mishkin/Eakins)  Chapter 23    1
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Investment  Banks,  Security  Brokers and  Dealers, and  Venture  Capital  F i r m s 23.1 
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Multi ple  Choi ce
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1) 
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An  investment bank is a financial institution that  A) 
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bundles small  deposits into larger loans.  B) 
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helps  corporations raise funds.  C) 
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holds most of  its assets in commercial paper.  D) 
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does all of the  above.  E) 
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does only A and B of the above.  Answer:  
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Question Status: 
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Previous Edition 2) 
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The  Glass - Steagall Act  A) 
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separated  commercial and investment banking.  B) 
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made it illegal  for a commercial bank to buy or sell securities on behalf of its customers.  C) 
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made it illegal  for investment banks to engage in the underwriting of corporate securities.  D) 
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did all of the  above.  E) 
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did only A and  B of the above.  Answer:  
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Question Status: 
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Previous Edition 3) 
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Investmen t banks  sell _________ securities to the public, and brokerage firms sell _________ securities to the public.  A) 
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new; existing  B) 
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new and  existing; existing  C) 
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existing; new  D) 
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existing; new  and existing  Answer:  
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Question Status: 
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Previous Edition 4) 
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The  primary function of investment banks is  A) 
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the bundling of  deposits into loans.  B) 
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extending long - term credit to other financial institutions.  C) 
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ch23 - Financial Markets and Institutions, 6e...

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