Which one of the following are zero-coupon bonds?

I) Treasury bill

II) Treasury note

III) Treasury bond

IV) Commercial paper

V) Agency bonds

		I, V
		I, II, III
		I, IV, V
		II, III
		I, IV

You buy a call option on Citibank with the strike price of 100. Suppose the Citibank's stock price is 110 on the option expiration date. What is your payoff?

		0.
		10.
		20.
		-10.
		-20.

According the lectures, what one of the following signals can be used to predict a forthcoming recession?

I) Ted spread

II) Risk-free rate

III) Bid-ask spread

IV) Fed fund rate

V) Inverted yield curve

		I, II, III, IV, V
		I, III, V
		II, IV
		I, V
		III, IV, V

1. The money market is a subsector of the

   		capital market.
   		commodity market.
   		equity market.
   		derivatives market.
   		None of the options are correct.

________ financial asset(s).

		Derivatives are
		Land is a
		Derivatives and U.S. agency bonds are
		Buildings are
		U.S. agency bonds are