Please answer attached questions 1-20 and submit ASAP.

1. (TCO 1) A comparative advantage of financial intermediaries can be classified as (Points : 4) the ability to achieve economies of scale. the ability to reduce transaction costs. the ability to find confidential information. All of the above Question 2.2. (TCO 1) Financial intermediaries will (Points : 4) issue direct claims and purchase direct financial assets. issue indirect claims and purchase indirect financial assets. purchase large amounts of real, tangible assets. purchase direct financial claims and issue indirect securities. Question 3.3. (TCO 1) An example of a not-for-profit financial institution are (Points : 4) thrift institutions. credit unions. pension funds. commercial banks. Question 4.4. (TCO 1) Money market instruments and capital market instruments differ appreciably in (Points : 4) size. liquidity. issuers. All of the above Question 5.5. (TCO 1) Financial markets give financial institutions (Points : 4) a place to securitize assets. a source of generating fee income from trading. a source of funding. All of the above Question 6.6. (TCO 2) When Federal Reserve banks are involved in open market activities, they will focus on the purchase and sale of (Points : 4) Federal Reserve notes. U.S. government securities. loans to member banks. gold. Question 7.7. (TCO 2) If the Fed buys government securities, this action will (Points : 4) not change the money supply. increase security prices. increase interest rates. decrease credit availability. Question 8.8. (TCO 2) The modern objectives of the Fed include which goals? (Points : 4) To coordinate an efficient payments mechanism To provide an elastic money supply To regulate the financial system All of the above Question 9.9. (TCO 2) Using the data below, what is the level of excess reserves? Total Reserves $100,000,000 Reserve Requirement 6% Total Deposits $750,000,000 (Points : 4) $ 55,000,000 $ 45,000,000 $ 100,000,000 Not ascertainable Question 10.10. (TCO 3) Business investment and consumption spending should increase if (Points : 4) financial wealth decreases. reserve requirements decrease. interest rates increase. credit availability decreases. Question 11.11. (TCO 4) What factors influence the real rate of interest? (Points : 4) Investor's positive time preference The gold supply Return on capital investments Both investor's positive time preference and return on capital investments Question 12.12. (TCO 4) There will be an upward shift in the demand for loanable funds if there is (Points : 4) a decline in the supply of loanable funds. a decline in business prospects. an improvement in technology. an expectation of an upcoming recession. Question 13.13. (TCO 4) Long-term bond prices are more likely to be adversely affected if there is (Points : 4) a forecast of lower inflation in the future. a forecast of a slower economy next year. a forecast of higher inflation in the future. a forecast of lower government budget deficits. Question 14.14. (TCO 4) The Fisher effect holds that (Points : 4) nominal rates include the real rate of interest plus past annual inflation rates. nominal rates include the real rate of interest plus expected annual inflation rates. real rates are always positive. inflation has no impact upon interest rates. Question 15.15. (TCO 4) An investor received an 11% coupon rate last year on a $1,000 bond purchased at par. The inflation rate during the year was 4% and is expected to be 5% next year. The realized real rate earned by the investor last year was (Points : 4) 7% 11% 4% -7% Question 16.16. (TCO 5) Which of the following statements is true? (Points : 4) Bond prices and interest rates move together. Coupon rates are fixed at the time of issue. Short-term securities have large price swings relative to long-term securities. The higher the coupon, the lower the price of a bond. Question 17.17. (TCO 5) When a bond's coupon rate is equal to the market rate of interest, the bond will sell for (Points : 4) a discount. a premium. par. a variable rate. Question 18.18. (TCO 5) Interest rate risk is (Points : 4) duration. the extent that coupon rates vary with time. the potential variability in the realized rate of return caused by changes in market rates. the potential variability in the bond maturity caused by changing discount rates. Question 19.19. (TCO 5) Duration is a measure of (Points : 4) a bond's price. a bond's contractual maturity. the length of time it takes to get back the original investment. bond price volatility. Question 20.20. (TCO 5) If market interest rates fall after a bond is issued, the (Points : 4) face value of the bond increases. investor will sell the bond. market value of the bond is increasing. market value of the bond is decreasing