question
Medicare is a federal program that provides health care for...
answer
the elderly and disabled
question
Each state listed on the NYSE is allocated a specialist. This person has a specific location on the floor of the exchange known as...
answer
the trading post
question
A fund for which you pay a fee when you purchase the fund is a...
answer
front-end-load fund
question
A fund for which you do not pay a fee when you purchase or sell the fund is known as a...
answer
no-load fund
question
The maturity date of a bond is...
answer
the time when the coupon payments end and the principal is paid back
question
The unique alphabetic name that identifies a listed stock is known as the...
answer
ticker symbol
question
In terms of internationally traded stocks, what does ADR stand for?
answer
American Depository Receipt
question
The greatest share of spending on hospital care and nursing homes goes for care of...
answer
the elderly
question
The cash payments that companies give to their stockholder are known as...
answer
dividends
question
A share of stock is...
answer
financial capital
question
The best-known corporate scandal of the 1990s and 2000s involved which corporations?
answer
Enron
question
Which best describes a bond?
answer
an IOU issued by a borrower to a lender
question
The aging of the population stimulates the demand for...
answer
health care
question
The largest publicly sponsored health care program is...
answer
Medicare
question
There are stock exchanges that do not have a specific trading location but that are instead virtual network of computers. What is the largest of these exchanges?
answer
NASDAQ
question
The "E" or earnings, refer to a firms...
answer
profit
question
Health care is such a major concern because...
answer
of the rapidly increasing costs
question
Medicaid...
answer
is a jointly funded federal and state program
question
According to the text, there would be less worry about the Social Security System if the amount paid into the system by and individual...
answer
were equal to the amount received by that individual in retirement benefits
question
When was the New York Stock Exchange founded?
answer
1792
question
Which describes the relationship between bond prices and bond yields?
answer
there is an inverse relationship between the yield and the price
question
Mutual funds composed of corporate and government bonds are known as...
answer
fixed-income funds
question
Aside form Enron, which companies were also involved in frauds and accounting shenanigans in the 1990s and 2000s?
answer
WorldCom and Tyco
question
If health care is allocated by a first com first served system, then...
answer
those who ask for the health care first will get the health care
question
A group of physicians who contract with a firm to provide services at a price discount is known as a...
answer
preferred provider organization (PPO)
question
I health care is allocated by the market system, then...
answer
those who are willing and able to pay will get the health care
question
An investment has the same features, such as risk and ease of selling as the investment being considered is commonly known as...
answer
comparable investment
question
Stock price is the result of...
answer
the demand and supply of shares of stock
question
Div, Yld, P/E, EPS stands for?
answer
Dividend, Yield, Price to Earnings, and Earnings per Share
question
The coupon of a bond is...
answer
the fixed amount that the borrower agrees to pay the bondholder each year
question
The current surplus generated by the Social Security tax is being used to finance...
answer
other government expenditures
question
The yield on a bond is...
answer
inversely related to the price of the bond
question
The most widely followed stock market index in the U.S. is the...
answer
Dow Jones Industrial Average
question
The fact that world leaders come to the U.S. when they need medical care demonstrates that...
answer
the market system must provide the best medical care
question
The social security tax...
answer
has risen more rapidly than any other tax in the past 2 decades
question
The yield on a bond is the...
answer
percent return on investment
question
A bond that provides no interest rate payments but instead is issued at a value lower than its face value is called a...
answer
zero coupon bond
question
One proposal for solving the Social Security problem is privatization. The countries that have privatized their Social Security Systems have found that...
answer
the returns people have received are more than what they would have received from the government
question
What might cause the demand for the stock of a firm to rise?
answer
the firm performs better than expected
question
If the price of capital rises...
answer
quantity supplied of capital increases
question
According to the Economic insight in the text, there are several myths about social security. Which is not a myth?
answer
the Social Security System was not meant to be a full retirement program but instead was to be just a portion of a persons retirement
question
The goal of the Social Security System is to ensure that the elderly retire with...
answer
a lifestyle that is above the poverty level
question
One proposal for solving the Social Security problem is privatization. The primary argument against the proposal is that...
answer
with private investments there is no guaranteed return
question
A capital gain is the...
answer
increase in the value of capital
question
Risk is typically measured...
answer
by comparing how much the stock price fluctuates compared with the average firm
question
Which of the following is sometimes used as a synonym to describe a bond?
answer
a fixed-income security
question
Who was Ida Mae Fuller?
answer
the 1st recipient of social security in the U.S.
question
Typically, which health care personnel is not a hospital employee?
answer
Physicians
question
The Social Security System in the U.S. is financed by...
answer
a payroll tax levied equally on the employer and employee
question
PPO's have come about because of the...
answer
increased costs of medical care
question
Which best describes the Social Security System?
answer
a transfer payment that taxes the working population today and pays benefits for current retirees from the proceeds of that tax
question
Government intervention is the health care market to guide competition for the purpose of cost reduction known as...
answer
managed care
question
The annual return of a stock is the...
answer
dividend plus the capital gain on a stock
question
What does the dividend yield represent?
answer
the percentage return provided by the dividend of the stock
question
P/E stands for...
answer
price to earnings
question
A higher risk firm is one...
answer
that is more likely to experience a profit reduction
question
The definition of equity capital is...
answer
money raised by selling shares of stock
question
The stock price multiplied by the number of shares that are outstanding is known as...
answer
market capitalization(market cap)
question
If health care is allocated by the government, then...
answer
congress and president will get the best health care
question
A share of stock is...
answer
a share of ownership
question
Which is not true of the New York Stock Exchange?
answer
the exchange is virtual, composed of a network of computers through which trades are made electronically
question
Social Security exists...
answer
in the most developed countries in the world
question
A pervasive trade off in financial markets relates risk to expected returns. which statement reflects this relationship?
answer
the higher the risk asset, the higher the expected return
question
It is a myth that what people put in is what they get out. Why is this a myth?
answer
retirees had received more than they had ever paid into the system
question
1. you know you will get your money back plus more. 2. you may or may not get anything. Investing in either alternatives...
answer
you would expect a higher possible return from the 2nd
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