View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. In economics, what is a good that is non-rival and non-excludable?
(a) A government good.
(b) A private good.
(c) A public good.
(d) A corporate good.

2. In finance, what is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price?
(a) Trade-off.
(b) Option.
(c) Portfolio.
(d) Bond.

3. When was Gary Becker born?
(a) 1956.
(b) 1945.
(c) 1922.
(d) 1930.

4. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?
(a) Money market.
(b) Index fund.
(c) Floating exchange rate.
(d) Mutual fund.

5. What does the author refer to as a situation where individuals work in their own best interest, leading to an improved standard of living for society in general?
(a) Capitalism.
(b) Communism.
(c) Money market.
(d) Asset allocation.

Short Answer Questions

1. Douglas Ivester was appointed as Chairman and Chief Executive Officer of Coca-Cola Company after whose death?

2. What contends that prices of publicly traded assets reflect all publicly available information?

3. A market economy delegates resources to an area where they are what, according to the author in Chapter 1?

4. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?

5. When was Burton G. Malkiel born?

(see the answer key)

This section contains 265 words (approx. 1 page at 300 words per page) View a FREE sample