Reading 55: Market Organization and Structure-LOS c 习题精选 2011, including, assets, center

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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.

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

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Which of the following assets are best characterized as contracts?

A) Commercial paper.

B) Depository receipts.

C) Currency swaps.

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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.