Write vour Staaen C)i record you student number by filling in the appropriale examination booklet when you have finished the examination. QUESTION 1 The principal participants in the financial markets are Remember to place THE GENERAL PURPOSE DATA SHEET inside your a mutual funds, hedge funds, investment bankers. b businesses, banks, gove c borrowers, savers, financial institutions. d dealers, brokers, regulators. rnment. QUESTION 2 Which one of the following statements provides a snapshot at a point of time rather than flows over time? a b c d Sources and uses statement Income statement Statement of cash flows Balance sheet QUESTION 3 Assuming two investments have equal periods, a high discount rate tends to favour a the investment with even cash flow b the investment with large cash flow early c neither investment since they have equal periods. d the investment with large cash flow late. continued