Please help this is a True or False question (Thank you in advance)

The taxing and spending policies of the Federal Government designed to promote national ecomomic goals are known as "fiscal policy."

Most states exempt their own municipal securities from their own state and local taxes.

Firm commitment underwriting is performed by an investment bank that has guaranteed the issuer a sum of money that will be raised by an Initial Public Offering

The Lead Underwriter, in an IPO, prepares the issueing firm's application that is made to the SEC

Insurance is the business of risk shifting.

A Treasury security in which the periodic interest payments been separated from the principal repayment and sold as different security is called (multiple choice)

a T-note

a T-bond

a Zero Coupon bond

a G.O. bond

a Revenue bond

A corporation seeking to sell new equity securities to the public for the first time in order to raise cash for capital investment would most likely

-conduct an IPO with the assistance of an investment banker

-engage in a secondary market sale of equity

-conduct a private placement to a large number of potential buyers

-place an ad in the Wall Street Journal soliciting retail suppliers of funds

-none of the options

Which of the following is the major monetary policy making body of the U.S. Federal Reserve System?

-OCC

-FOMC

-FRB bank presidents

-U.S. Congress

-Group of Eight

Money markets trade securities that I. mature in one year or less. II. have little chance of loss of principal. III. must be guaranteed by the federal government.

I only

II only

I and II only

I and III only

I, II, and III

The share price of a mutual fund, called the Net Asset Value (NAV) is calculated

by dividing the total market value of the fund minus expenses by the total number of shares outstanding.
		by dividing the total number of shares outstanding by the total market value of the fund minus expenses.
		by taking the previous day's NAV and multiplying it by the percentage change in the value of the NYSE.
		None of the above.