15) The smallest component of domestic net worth in 2018 was
A) nonresidential real estate.
B) residential real estate.
C) inventories.
D) consumer durables.
E) equipment and software.
16) The domestic net worth of the U.S. in 2018 was
A) $9.350 trillion.
B) $22.642 trillion.
C) $32.539 trillion.
D) $72.683 trillion.
E) $80.983 trillion.
17) A fixed-income security pays
A) a fixed level of income for the life of the owner.
B) a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
C) a variable level of income for owners on a fixed income.
D) a fixed or variable income stream at the option of the owner.
18) A debt security pays
A) a fixed level of income for the life of the owner.
B) a variable level of income for owners on a fixed income.
C) a fixed or variable income stream at the option of the owner.
D) a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
19) Money market securities
A) are short term.
B) are highly marketable.
C) are generally very low risk.
D) are highly marketable and are generally very low risk.
E) All of the options.
20) An example of a derivative security is
A) a common share of Microsoft.
B) a call option on Intel stock.
C) a commodity futures contract.
D) a call option on Intel stock and a commodity futures contract.
E) a common share of Microsoft and a call option on Intel stock.
21) The value of a derivative security
A) depends on the value of the related security.
B) is unable to be calculated.
C) is unrelated to the value of the related security.
D) has been enhanced due to the recent misuse and negative publicity regarding these instruments.