The word "finance" refers to: a. The way the stock and bond markets operate b. The time value of money C. How banks create the money supply d. All of these answers QUESTION You may be interested in knowing more about fixed-rate 30 year residential mortgages. Which of the following is true about these types of mortgages? O a. They are a tool of monetary policy, the Fed can raise interest rates on mortgages that have already been issued. b. None of these is true c. The feds can raise or lower the interest rate on residential fixed rate mortgages that have already been issued d. The Fed can lower interest rates on residential fixed rate mortgages that have already been issued QUESTION 4 Which of the following is TRUE? a. A bull market is a situation where the price of stock in that market has been rising over a fairly long period of time b. A bull market is where stocks, on average, are expected to go up in the near future. OC. A bull market is a market where there are more buyers than sellers, there have been more purchases of stock than sales of stock and a lot of stock is traded every day. d. A bull market is the primary market where IPO's are introduced. QUESTION 5 Which of the following is False? a. A credit card or a Paypal account is considered money because they perform the 3 functions of money b. Deficit units are the ones in an economy that want to obtain funds so they can buy something (includes individuals, businesses and government. c. Each of the following is an example of a financial security: T-bills, checking accounts, stock, and municipal bonds d. The money supply is created by the Treasury department with help from the Federal Reserve System QUESTION 6 In the U.S. financial system, savings are transfered to investments directly and indirectly. List at least 4 examples of Non Bank financial institutions that indirectly make this transfer. Indicate who are the deficit units and who are the surplus units in each one. TT T Arial 3 (12pt) TE-E- Path: p Words:0