source,graphics_name,topic,id,question,choice1,choice2,choice3,choice4,solution https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/financial-assets-ap/e/financial-assets,None,Finance,2304,FINANCE: Which of the following is a paper claim that entitles the buyer of that claim to future income from the seller?,An asset,A liability,A financial asset,Money,A financial asset https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-open-economy-international-trade-and-finance/exchange-rates/e/exchange-rates,None,Finance,2305,"FINANCE: If the New Zealand dollar has depreciated against the Euro, which of the following best describes the impact the depreciation has on a New Zealander trying to buy Europeans goods?",Their purchasing power has increased.,Their purchasing power has decreased.,The value of the dollar and the ruble are now equal to each other.,The number of dollars it takes to buy a Euro is higher than the number of Euros it takes to buy a dollar.,Their purchasing power has decreased. https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-open-economy-international-trade-and-finance/the-balance-of-payments/e/the-balance-of-payments,None,Finance,2307,FINANCE: Which of the following represents the balance of payments?,1/(reserve requirement),CA = -FA,MV = PY,-MPC/MPS,CA = -FA https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-open-economy-international-trade-and-finance/the-balance-of-payments/e/the-balance-of-payments,None,Finance,2308,FINANCE: Which of the following describes something that would definitely be recorded as an increase in the current account?,An increase in net exports,Selling bonds domestically,Selling bonds to foreign citizens,An increase in real GDP,An increase in net exports https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/the-money-market-apmacro/e/the-money-market,None,Finance,2309,"FINANCE: If the reserve requirement in a banking system is lowered, what is the most likely consequence?",The demand for money increases and the supply of money decreases.,The demand for money decreases.,The demand for money increases.,The nominal interest rate decreases.,The nominal interest rate decreases. https://www.finra.org/sites/default/files/InvestorDocument/p014495.pdf,None,Finance,2313,FINANCE: If you buy a company's bond _____.,you own a part of the company.,you have lent money to the company.,you are liable for the company's debts.,you can vote on shareholder resolutions.,you have lent money to the company. https://www.finra.org/sites/default/files/InvestorDocument/p014495.pdf,None,Finance,2317,"FINANCE: A ""no-load"" mutual fund is one that _____.",carries no fees,carries no sales charge,does not contain high-risk securities,has no limits on the period of time in which it can be bought or sold,carries no sales charge. https://www.finra.org/sites/default/files/InvestorDocument/p014495.pdf,None,Finance,2320,FINANCE: Which of the following best explains why many municipal bonds pay lower yields than other government bonds?,Municipal bonds are lower risk,There is a greater demand for municipal bonds,Municipal bonds can be tax-free,Municipal bonds pay higher yields than other government bonds,Municipal bonds can be tax-free https://online.wharton.upenn.edu/blog/investment-quiz/,None,Finance,2327,"FINANCE: Unlike mutual funds, hedge funds tend to be _____.",more aggressive,more regulated,less expensive,All,more aggressive https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/financial-assets-ap/e/financial-assets,None,Finance,2329,FINANCE: Which of the following best defines liquidity?,The amount that will be repaid at the end of a bond's term,The expenses of negotiating and executing an exchange,Uncertainty about the value of an asset,The ability to convert a store of value to cash,The ability to convert a store of value to cash https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/financial-assets-ap/e/financial-assets,None,Finance,2331,FINANCE: Which of the following financial assets carries the most risk?,cash,stocks,bonds,savings accounts,stocks https://www.usfinancialcapability.org/quiz-literacy.php,None,Finance,2336,FINANCE: Is past performance of an investment is a good indicator of future results?,"Yes, when analyzed in the short term","Yes, when analyzed in the long term","No, all investments carry risk, even historically stable ones","No, you should compare all investments to bonds","No, all investments carry risk, even historically stable ones" https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2338,FINANCE: Policies to encourage higher personal saving rates include _____.,raising income taxes,raising income and sales taxes,lowering taxes on pension plans,raising sales taxes and lowering taxes on pension plans,raising sales taxes and lowering taxes on pension plans https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2339,FINANCE: Open market operations consist mainly of _____.,the government buying and selling private securities in the open market,the Bank of Canada buying and selling government securities in the open market,the government selling its own securities in the open market,the Bank of Canada setting rates for securities traded in the open market,the Bank of Canada buying and selling government securities in the open market https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2340,"FINANCE: In a business cycle, a period from peak to trough may be referred to as _____.",an expansion,a recurrence,a contraction,a stagflation,a contraction https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2341,"FINANCE: As the financial crisis became more severe in 2008, the Federal Reserve undertook a(n) _____ of monetary policy, an effect of which is to _____ inflation.",contraction; raise,easing; raise,contraction; lower,easing; lower,easing; raise https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2343,FINANCE: The purpose of a financial sector is _____.,to minimize the payments firms make to state and local governments,to maximize the payments firms make to state and local governments,to channel funds away from households and firms with surplus funds,to channel monies into socially acceptable causes,to channel funds away from households and firms with surplus funds https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2346,FINANCE: If one economic agent possesses more information that their fellow transactor _____.,economic transactions cannot occur,the moral hazard problem has been eliminated,the adverse selction problem has been eliminated,asymmetric information exists,asymmetric information exists https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2349,"FINANCE: When property rights are well defined and inexpensive to enforce, _____.",collateral is an efficient solution to asymmetric information problems,little or no collateral is needed to secure a loan,banks become less dominant among intermediaries,poor borrowers are at no disadvantage relative to wealthy borrowers,collateral is an efficient solution to asymmetric information problems https://webs.wofford.edu/mcarthurjr/Eco_302/quizzes/,None,Finance,2352,FINANCE: Financial institutions that cut back on their lending are engaged in _____.,liability management,deleveraging,financial innovation,torsion control,deleveraging