1. Which are examples of investments bought and sold in a spot financial market?

a.	Commercial paper and corn
b.	Hedge funds and bitcoin
c.	Cash and bankers acceptances
d.	Euros and Treasury bonds

2. The concept of EBITDA is best explained by which statement?

a.	The net income of the company from all activities
b.	The earnings before interest, taxes, debt, and amortization
c.	The estimated cash flow from normal running of operations
d.	The companys combined cash flow from O, I, and F

3. Xcel Energy buys some bucket trucks to increase its truck fleet. Which part of the statement of cash flows does this affect?

a.	Operating
b.	Investing
c.	Financing
d.	There is no effect on SOCF

4. A financial analyst reviewing Solid Company completes the following report showing the debt ratio:

Solid 2019	Solid 2018	Industry
75%	67%	65%

As an investor, one of your observations about this report is:

a.	Solid has the best liquidity right now
b.	Solid has been better than the industry
c.	Solid should worry about its solvency
d.	Solid should raise more debt funding

5. Which of these statements is false, from Article Set 1 (Personal Investing)?

a.	Brokerage fees charged to small investors have steadily decreased over recent decades
b.	Retail investors (individuals) are not easily scared by drops in stock prices in the stock market
c.	Index funds invest in all of the stocks included in standard measures of the market such as S&P 500
d.	Retail investors should regularly review their balance of risk and return from investing

6. What is meant by the concept of stock market efficiency?

a.	Stock prices will immediately adjust to new information.
b.	There are many buyers and sellers of stocks at any time.
c.	A company can find willing buyers for any new IPO sold.
d.	Stock prices are determined by true risk and company cash flows.