Stage 5 Testing 2:True-False Statements
In this part of the test,you will read ten statements about the information presented in the lecture.First read the statement carefully.Then check your notes to decide whether the statement is true or false.If it is true,write a T in the blank space before the statement; if it is false,write an F in the blank.
1._______Digital currency is one of the major functions of money.
2._______A financial system is a network of financial markets and instruments that mobilize and allocate financial resources.
3._______The value of a derivative security depends on the trading volume of this derivative security.
4._______If you are the holder of a warrant,you have the right to purchase the shares of the issuing company during a certain time period in the future.
5._______Gold is termed a commodity money because it can perform all the primary functions of money.
6._______Government bonds are free of risk because the government can always print money to pay off the debt.
7._______The most important function of financial intermediaries is that they lower transaction costs.
8._______Mitsubishi UFJ is one of the largest commercial banks in the world.
9._______Leasing companies,venture capital companies and mutual funds accept deposits from their clients and make investments in bonds and stocks.
10._______Today there are 197 central banks in the world employing over 315,000 people.