1. For securities firms, income from investment management is more stable than the income from
underwriting or trading.
Answer: True Page: 457 Level: Medium
2. Full line investment banks act as both broker dealers and secur
1. The merger of banks with assets of $1 billion or more in total assets is called a megamerger.
Answer: True Page: 326 Level: Easy
2. The primary source of funds for a bank is equity capital.
Answer: False Page: 316 Level:
1. Treasury notes have original maturities from 1 to 10 years and Treasury bonds have original maturities
of 10 years or more.
Answer: True Page: 153 Level: Easy
2. A callable bond is one where the issuer is required to reti