1.

Which of the following sectors is always a net borrower of financing in the U.S. financial system?

I. The business sector II. The government sector III. The household sector

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

2.

Which of the following was accomplished by the Dodd-Frank Act?

I. It created new financial oversight authorities

II. It decreased the total number of financial regulations

III. It introduced changes in regulatory authority

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

3.

Which of the following statements is true regarding U.S. financial markets?

I. They provide opportunities for exchanging financial securities

II. They serve a variety of market participants and their needs

III. They help issuers and investors to achieve desirable financial outcomes

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

4.

Which of the following is true of the Dodd-Frank Act?

I. It requires strategically-important banks to undergo capitalization "stress-testing" II. It was passed to address problems arising during the "dot-com bubble" III. It identified certain banks as part of the "Strategically-Integrated Financial Industry"

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

5.

Which of the following is true of the Basel Accords?

I. They specify capital requirements and risk assessment for banks of member countries

II. They were relaxed as a result of the 2008-09 global financial crisis

III. The G-20 nations are essentially exempt from complying with them

Select one:

a.

I only

b.

I and II only

c.

I and III only

d.

I, II, and III

Clear my choice