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Reading 55: Market Organization and Structure-LOS c 习题精选

Session 13: Market Organization, Market Indices, and Market Efficiency
Reading 55: Market Organization and Structure

LOS c: Describe the major types of securities, currencies, contracts, commodities, and real assets that trade in organized markets, including their distinguishing characteristics and major subtypes.

 

 

Equity securities most likely include:

A)
preferred stock and certificates of deposit.
B)
commercial paper and repurchase agreements.
C)
common stock and warrants.


 

Common stock, preferred stock, and warrants are equity securities. Certificates of deposit, commercial paper, and repurchase agreements are debt securities.

Which of the following assets are best characterized as contracts?

A)
Commercial paper.
B)
Depository receipts.
C)
Currency swaps.


Contracts include forwards, futures, options, swaps, and insurance contracts. Commercial paper is a debt security. Depository receipts are shares in a pooled investment vehicle, such as a mutual fund or an exchange-traded fund.

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