11.The return earned by equity holder has which of the following features:. Single choice.

(1 Point)

Amount and timing of the return is fixed.

Amount of the return is fixed but timing is not fixed.

Amount and timing of the return is not fixed.

Timing of the return is fixed but amount is not fixed.

12.Which one of the following is the most important variable in financial statements.. Single choice.

(1 Point)

sales

cost

Depreciation

Profit

13.Market ........................................the transaction cost. Single choice.

(1 Point)

depending on other variable sometimes increases and sometimes decreases

Decreases

has no effect on

increases

14.By pooling many small deposits, financial intermediaries are able to make much larger advances than would be possible for most individuals. This process is called.................................. Single choice.

(1 Point)

Maturity transformation

Intermediation

Aggregation

risk reduction

Market makers are ................................. Single choice.

Dealers

Brokers

sometimes broker sometimes dealer