Free Access CFA.CFA-Level-I.v2022-08-25.q182 Practice Test (Page 33)

Question 156

An exchange traded fund

A.is a closed-end fund that is traded just like stocks.

B.is an open-end fund whose shares can only be bought directly from the fund.

C.is an open-end fund whose shares are traded publicly.

Question 157

Assuming there are no leakages out of the banking system, a money multiplier equal to 10 means that:

A.An additional $10 of reserves create one dollar of deposits.

B.Each additional dollar of deposits creates $10 of reserves.

C.Each additional dollar of reserves creates $10 of additional deposits.

Question 158

If a firm has a great deal of inventory built up which of the following ratios would be the largest?

A.Current Ratio.

B.Cash ratio.

C.Quick ratio.

Question 159

A contract places an obligation on a trader to sell a security at a fixed price to the other party on or before a specified date at the discretion of the latter. This is a

A.forward contract or futures contract

B.put option

C.call option

Question 160

The main reason for dollarization is:

A.to improve the credit-worthiness of the central bank.

B.greater stability in the value of the foreign currency over domestic currency.

C.to follow the foreign country's monetary policy.

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Question 156

Question 157

Question 158

Question 159

Question 160

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