金融市场与机构（第六版）测试银行 ch23.doc

PAGE 13 Financial Markets and Institutions, 6e (Mishkin/Eakins) Chapter 23  Investment Banks, Security Brokers and Dealers, and Venture Capital Firms 23.1  Multiple Choice 1)  An investment bank is a financial institution that A)  bundles small deposits into larger loans. B)  helps corporations raise funds. C)  holds most of its assets in commercial paper. D)  does all of the above. E)  does only A and B of the above. Answer:  B Question Status:  Previous Edition 2)  The Glass-Steagall Act A)  separated commercial and investment banking. B)  made it illegal for a commercial bank to buy or sell securities on behalf of its customers. C)  made it illegal for investment banks to engage in the underwriting of corporate securities. D)  did all of the above. E)  did only A and B of the above. Answer:  E Question Status:  Previous Edition 3)  Investment banks sell _________ securities to the public, and brokerage firms sell _________ securities to the public. A)  new; existing B)  new and existing; existing C)  existing; new D)  existing; new and existing Answer:  A Question Status:  Previous Edition 4)  The primary function of investment banks is A)  the bundling of deposits into loans. B)  extending long-term credit to other financial institutions. C)  helping corporations raise funds. D)  providing credit to firms engaged in international trade. Answer:  C Question Status:  Previous Edition 5)  The primary function of investment banks is to A)  extend credit to stock brokers and dealers. B)  extend credit to investors. C)  extend credit to corporations. D)  help corporations issue new securities. Answer:  D Question Status:  Previous Edition 6)  Which is not an activity of investment banks? A)  Underwriting new issues of corporate stocks and bonds. B)  Acting as deal-makers in mergers. C)  Acting as intermediaries in the buying and selling of businesses or parts of businesses