● Home ● My courses ● BUS 2203 - AY2021-T5 ● 17 June - 23 June ● Self-Quiz Unit 1 Started on State Complete d on Time taken Grade Wednesday, 23 June 2021, 7:58 PM Finished Wednesday, 23 June 2021, 8:11 PM 12 mins 40 secs 10.00 out of 10.00 (100%) Question 1CorrectMark 1.00 out of 1.00Flag question Question text True or False? The financial system is a close network of independent markets. Select one: True False Question 2CorrectMark 1.00 out of 1.00Flag question Question text True or False? Asymmetric information occurs when one party knows more about an economic transaction or asset than the other party does. Select one: True False Question 3CorrectMark 1.00 out of 1.00Flag question Question text Financial markets can be categorized or grouped by: Select one: a. issuance (primary vs. secondary markets) b. type of instrument (stock, bond, derivative) c. market organization (exchange or OTC). d. all of the above Question 4CorrectMark 1.00 out of 1.00Flag question Question text True or False? Financial instruments can be grouped by time to maturity (money vs. capital) or type of obligation (stock, bond, derivative). Select one: True False Question 5CorrectMark 1.00 out of 1.00Flag question Question text True or False? Borrowers want to obtain funds as expensive as possible and on repayment terms as flexible as possible. Select one: True False Question 6CorrectMark 1.00 out of 1.00Flag question Question text How is the supply of gold described? Select one: a. elastic b. inelastic Question 7CorrectMark 1.00 out of 1.00Flag question Question text True or False? One dollar today is worth more than one dollar tomorrow. Select one: True False Question 8CorrectMark 1.00 out of 1.00Flag question Question text What is the currency of Switzerland? Select one: a. euro b. Swiss franc c. Swiss pound d. Swiss dollar Question 9CorrectMark 1.00 out of 1.00Flag question Question text What is the role of a finance company? Select one: a. depose money b. offer saving plans c. make loans d. offer life insurance Question 10CorrectMark 1.00 out of 1.00Flag question Question text What is liquidity risk? Select one: a. risk due to changes in interest rates b. risk due to exchange rates c. risk to technological investments d. risk due to a sudden surge in liability withdrawals