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13. What is a bill of exchange either accepted or endorsed by a bank called? a. A corporate bill b. A trade bill c. A

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13. What is a bill of exchange either accepted or endorsed by a bank called? a. A corporate bill b. A trade bill c. A bank bill d. A commercial bill e. A negotiable bill at which they are prepared to deal 14. Foreign exchange dealers quote in foreign currency. a. Ask prices. b. Bid prices. c. Two-way prices. d. Cross rate prices. e. Margin prices. 15. If the interest rates will decline in the future, which of the following will an investor be most likely to purchase to take advantage of the greatest price increase? a. A three-year government bond. b. A one-year Government bond. c. A three-month Treasury bill. d. A ninety-day bank bill. e. A ten-year Government bond. 16. For the writer of a put option, if the underlying share price: a. moves above the strike price, the premium is reduced by the difference. b. moves above the strike price, the potential profit is limited to the premium. c. none of the given choices. d. moves above the strike price, the potential profit is unlimited. e drops below the strike price, the potential profit is unlimited. 17. If a coupon bond's market price drops, this is most likely due to: a. the face value of the bond declining. b. the par value for the bond increasing. c. market interest rates rising. d. market interest rates falling. e. its coupon payment being reduced by the company

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