Trắc Nghiệm Chương 3: Tổng Quan Về Hệ Thống Tài Chính | Môn Tài chính tiền tệ - Đại học Cần Thơ

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CHAPTER 3: OVERVIEW OF THE FINANCIAL SYSTEM
Question 1: What is the Financial Market?
A. A financial market that facilitates the transfer of physical assets
B. A market where consumer goods are traded
C. A market where surplus units provide capital to deficit units
D. A market that operates only in the banking sector
Question 2: What are the three important factors of the Financial Market?
A. Banks, enterprises, government
B. Financial intermediaries, lender-savers, borrowers-spenders C. Stocks, bonds, real estate
D. Primary market, secondary market, central bank
Question 3: What is the primary role of the Financial Market?
A. Supporting currency transactions between banks
B. Channeling funds from surplus units to deficit units
C. Managing the national financial system
D. Only assisting the government in raising capital
Question 4: What is the difference between Financial Markets and Financial Intermediaries?
A. Financial Markets are direct markets, while Financial Intermediaries act as financial middlemen
B. Financial Markets include banks, while Financial Intermediaries are only financial companies
C. Financial Markets focus on trading goods, while Financial Intermediaries focus on services
D. Financial Markets are less liquid than Financial Intermediaries
Question 5: What are securities?
A. Financial instruments that can be traded in the market
B. Assets for sellers and liabilities for buyers lOMoAR cPSD| 58504431 C. Only include stocks D. Only include bonds
Question 6: Why is the channeling of funds in the Financial Market important?
A. Helps optimize bank profits
B. Creates investment opportunities and supports economic growth
C. Helps the government control the economy
D. Completely eliminates financial risk
Question 7: What are the functions of the Financial Market?
A. Facilitating capital mobilization B. Providing market liquidity
C. Efficiently allocating resources D. All of the above
Question 8: What do debt instruments include? A. Only bonds B. Only mortgages C. Both bonds and mortgages
D. Not related to the financial market
Question 9: What are examples of short-term debt instruments? A. 30-year government bonds
B. Certificates of deposit (CDs), Treasury bills C. Common stocks D. Real estate
Question 10: What is the typical maturity period for long-term debt instruments? A. Less than 1 year B. 1-5 years C. More than 10 years D. No fixed maturity
Question 11: Which of the following is considered a lender-saver in the financial system? lOMoAR cPSD| 58504431
A. The government when issuing bonds
B. Businesses borrowing capital to expand production
C. Households depositing savings in banks
D. Commercial banks borrowing from the Central Bank
Question 12: Who are typically considered borrowers-spenders? A. Government B. Businesses
C. Individuals in need of loans D. All of the above
Question 13: What is a characteristic of the Direct Financial Market?
A. Transactions go through financial intermediaries
B. Parties transact directly without intermediaries
C. Has lower liquidity than the indirect financial market
D. Only available for large financial institutions
Question 14: Which of the following is an example of a Financial Intermediary? A. Stock market B. Commercial bank C. Commodity exchange D. Manufacturing company
Question 15: Which instrument is traded in the direct financial market? A. Bank deposits B. Stocks and bonds C. Life insurance D. Mutual fund certificates
Question 16: What is the typical maturity period for medium-term debt instruments? A. Less than 1 year B. 1 - 10 years C. More than 20 years lOMoAR cPSD| 58504431 D. No fixed maturity period
Question 17: An investment in a 30-year government bond falls under which type of financial instrument? A. Short-term debt instrument
B. Medium-term debt instrument C. Long-term debt instrument
D. Derivative financial instrument
Question 18: Which of the following is a correct characteristic of a debt instrument?
A. Generates profit only when its price increases
B. Has no specific maturity period
C. The borrower is obligated to pay interest and principal as agreed
D. Not related to the financial market
Question 19: One of the key functions of the financial market is:
A. Ensuring the value of money remains unchanged
B. Minimizing all risks for investors
C. Channeling funds from lender-savers to borrowers-spenders
D. Creating money for the economy
Question 20: What is the main benefit of Financial Intermediaries to the economy?
A. Reducing transaction costs and managing risk
B. Serving only large institutions
C. Increasing costs for borrowers
D. Reducing access to capital for small businesses
Question 21: How does the financial market allocate capital efficiently?
A. Directing funds to those who need them most
B. Reducing interest rates to 0%
C. Allowing only the government to borrow money
D. Completely eliminating financial risks
Question 22: Mortgages are typically used to finance: lOMoAR cPSD| 58504431 A. Consumer goods purchases B. Real estate purchases C. Monthly bill payments D. Stock purchases
Question 23: What are corporate bonds?
A. A type of security representing ownership in a company
B. A form of debt issued by companies to raise capital
C. A type of insurance for employees D. A risk-free investment
Question 24: What is an important characteristic of short-term debt instruments?
A. Maturity period of less than 1 year B. Extremely high risk
C. Cannot be traded in financial markets
D. Issued only by the government
Question 25: How does the Financial Market help the economy function more efficiently?
A. Helps allocate financial resources optimally
B. Increases government control over cash flows
C. Prevents all financial risks
D. Serves only large businesses
Question 26: Why do households typically act as lender-savers in the financial system?
A. Because they often have income exceeding their expenses and need a place to invest
B. Because they can borrow more money than other institutions
C. Because they always spend more than they earn
D. Because they have no choice but to save
Question 27: Why is the financial market important for economic development?
A. Helps transfer capital from surplus areas to where it is needed B. Helps control inflation
C. Helps reduce the tax burden on the government lOMoAR cPSD| 58504431
D. Has no significant impact on the economy
Question 28: How do Financial Intermediaries reduce financial risk?
A. Strengthening financial regulations
B. Distributing risk among multiple depositors and investors C. Limiting loans
D. Completely eliminating the possibility of capital loss
Question 29: What is one of the most important functions of the Financial Market?
A. Providing liquidity for investments
B. Restricting foreign investments
C. Strengthening the power of the central bank
D. Creating new money for the economy
Question 30: Why does the direct financial market have high liquidity?
A. Because there are many participants buying and selling daily
B. Because of government support
C. Because only small loans are traded
D. Because there are no financial risks
Question 31: What is one of the main characteristics of Financial Intermediaries?
A. They connect borrowers and lenders without direct transactions
B. They operate only in the banking sector
C. They are not regulated by the government
D. They play no significant role in the economy
Question 32: Why are bonds considered a debt instrument?
A. Because they represent an obligation of the issuer to the holder
B. Because they represent ownership in a business
C. Because they do not have a fixed interest rate
D. Because they cannot be traded in the financial market
Question 33: How does indirect finance work?
A. Lenders and borrowers transact directly without intermediaries lOMoAR cPSD| 58504431
B. Financial intermediaries collect deposits and then lend them out
C. Only large financial institutions can participate
D. Only applies to government loans
Question 34: What is the primary function of the stock market?
A. Helping businesses raise capital
B. Ensuring stock prices always rise
C. Helping banks control the financial system
D. Reducing taxes for investors
Question 35: Why is classifying debt instruments into short-term, medium-term,
and long-term important?
A. To help investors choose according to their financial needs
B. To allow the government to control the financial market
C. To completely eliminate risk for borrowers
D. To ensure all loans have the same interest rate
Question 36: A bond with a maturity period of 5 years is classified as: A. Short-term debt instrument
B. Medium-term debt instrument C. Long-term debt instrument D. Cannot be determined
Question 37: How does common stock differ from a bond?
A. Stocks represent ownership, whereas bonds are debt
B. Stocks always generate profits, while bonds do not
C. Bonds are riskier than stocks
D. Stocks are only for institutional investors
Question 38: Where are short-term debt instruments typically traded? A. Money Market B. Stock Market C. Commodity Market D. Real Estate Market lOMoAR cPSD| 58504431
Question 39: What is the main benefit of the financial market for borrowers?
A. Helps them access capital for investment and spending
B. Helps them reduce living costs
C. Helps them completely avoid financial risks
D. Helps them receive free money from the governmentQuestion 40: Securities can be considered as:
A. A type of asset that can be traded in the financial market
B. An instrument valuable only to banks
C. A debt that cannot be repaid
D. A worthless asset during an economic downturn
Question 41: A startup wants to expand production but lacks sufficient capital. How
can it raise funds in the direct financial market? A. Borrowing from a bank B. Issuing stocks or bonds
C. Receiving donations from a charity fund
D. Raising product prices to increase profit
Question 42: An individual has 50 million VND in idle cash and wants to invest in a
highly liquid asset. Where should he invest? A. Buying real estate
B. Depositing in a 5-year term savings account
C. Buying stocks or bonds in the stock market
D. Lending money to friends interest-free
Question 43: A government wants to raise capital to build a highway. Which
financial instrument is most suitable? A. Issuing stocks B. Issuing government bonds
C. Borrowing from the central bank
D. Increasing taxes from citizens lOMoAR cPSD| 58504431
Question 44: A small business wants to borrow capital but has no collateral. Which
financing option is more suitable?
A. Borrowing from a commercial bank B. Issuing corporate bonds
C. Raising capital from a venture capital fund
D. Borrowing from the central bank
Question 45: You work at a financial company, and a client asks about the difference
between the money market and the capital market. How should you respond?
A. The money market deals with short-term instruments, while the capital market deals
with long-term instruments B. Both markets trade stocks
C. The capital market is primarily for commercial banks
D. The money market applies only to personal loans
Question 46: An investor wants to buy a 15-year corporate bond with a fixed interest
rate of 8% per year. What could affect its value on the secondary market?
A. Market interest rates rising to 10%
B. The issuing company earning higher-than-expected profits
C. The central bank lowering interest rates to 5% D. Both A and C
Question 47: If market interest rates rise significantly, what happens to the price of existing bonds? A. Bond prices increase B. Bond prices decrease
C. Bond prices remain unchanged
D. Bond prices depend on exchange rates
Question 48: A company issues 10,000 bonds, each with a face value of 1 million
VND, a 10-year term, and an interest rate of 7% per year. How much capital does
the company raise from the market? A. 7 billion VND B. 10 billion VND C. 70 billion VND D. 100 billion VND lOMoAR cPSD| 58504431
Question 49: You buy a stock for 100,000 VND per share. One year later, its price
rises to 120,000 VND, and the company pays a dividend of 5,000 VND per share.
What is your total return? A. 5% B. 20% C. 25% D. 30%
Question 50: If a commercial bank faces liquidity difficulties, what can it do to
increase cash reserves?
A. Borrow from the central bank B. Issue new stocks
C. Close branches to reduce costs
D. Attract more customer deposits
Question 51: A company wants to issue shares to the public for the first time (IPO).
Which market will it enter? A. Money market
B. Capital market - primary market
C. Capital market - secondary market D. Foreign exchange market
Question 52: If a listed company wants to raise additional capital by issuing new
shares, which market will it enter? A. Primary market B. Secondary market C. Money market D. Real estate market
Question 53: An investor wants to buy a financial asset with low risk and stable
income. What is the best choice? A. Stock in a startup company B. 10-year government bond
C. Real estate in an underdeveloped area lOMoAR cPSD| 58504431 D. Gold
Question 54: How can a company reduce financial risk when issuing bonds?
A. Ensuring bond interest rates are lower than market interest rates
B. Providing collateral or bond guarantees
C. Issuing only long-term bonds
D. Keeping financial information confidential
Question 55: When the central bank raises interest rates, what could happen in the financial market? A. Stock prices rise sharply B. Bond prices decrease
C. Investment capital flows heavily into the stock market
D. Commercial bank loan interest rates decrease
Question 56: A company has high profits, but its stock price declines in the stock
market. What could be the reason?
A. Negative investor sentiment B. Economic recession C. Rising interest rates D. All of the above
Question 57: Why do investors often invest in short-term debt instruments?
A. Because they have higher interest rates than long-term debt instruments
B. Because they have high liquidity
C. Because higher risk means higher returns
D. Because they can be easily converted into stocks
Question 58: Why do businesses and governments often use long-term debt instruments?
A. Because the cost of raising capital is lower
B. Because they want to reduce credit risk
C. Because they help stabilize long-term capital sources
D. Because they can be easily converted into cash lOMoAR cPSD| 58504431
Question 59: Besides issuing bonds, how else can businesses raise capital? A. Issuing shares
B. Increasing employee salaries C. Reducing production costs D. Buying back shares
Question 60: Why is buying government bonds considered safe?
A. Because the government never defaults
B. Because government-issued bonds have high credibility
C. Because they yield higher profits than stocks
D. Because they are not affected by inflation
Question 61: What is a dividend?
A. The interest a company pays to bondholders
B. A portion of the profit distributed to shareholders from the company's business activities
C. The profit earned from selling stocks
D. The tax paid to the government
Question 62: What is the disadvantage of dividends for investors?
A. They always have a high rate of return
B. They are unstable and depend on the company's business performance
C. They are received before bond debt is paid
D. They are guaranteed by the government
Question 63: What is the difference between stocks and bonds?
A. Stocks have no maturity date, whereas bonds have a maturity date
B. Stocks have a maturity date, whereas bonds do not
C. Neither stocks nor bonds have a maturity date
D. Bonds are riskier than stocks
Question 64: What rights do investors have when owning stocks?
A. The right to receive dividends and the right to vote in shareholder meetings
B. The right to receive a fixed annual return
C. The right to sell stocks back to the company at the original price
D. The right to request the company to buy back stocks at any time
Question 65: What is the primary market? lOMoAR cPSD| 58504431
A. A place where investors trade stocks with each other
B. A place where companies issue securities to the public for the first time
C. A place where financial derivatives are traded
D. A place exclusively for government bond transactions
Question 66: What is the difference between a Broker and a Dealer?
A. A Broker trades on behalf of clients, while a Dealer buys and sells for themselves
B. A Broker buys stocks, while a Dealer sells stocks
C. A Broker is a company that issues securities, while a Dealer is a company that repurchases securities
D. A Broker operates only in the primary market, while a Dealer operates only in the secondary market
Question 67: Why do investors often invest in short-term debt instruments?
A. Because they have higher interest rates than long-term debt instruments
B. Because they have high liquidity
C. Because higher risk means higher returns
D. Because they can be easily converted into stocks
Question 68: Why do businesses and governments often use long-term debt instruments?
A. Because the cost of raising capital is lower
B. Because they want to reduce credit risk
C. Because they help stabilize long-term capital sources
D. Because they can be easily converted into cash
Question 69: Besides issuing bonds, how else can businesses raise capital? A. Issuing shares
B. Increasing employee salaries C. Reducing production costs D. Buying back shares
Question 70: Why is buying government bonds considered safe?
A. Because the government never defaults
B. Because government-issued bonds have high credibility
C. Because they yield higher profits than stocks
D. Because they are not affected by inflation
Question 71: What is a dividend? lOMoAR cPSD| 58504431
A. The interest a company pays to bondholders
B. A portion of the profit distributed to shareholders from the company's business activities
C. The profit earned from selling stocks
D. The tax paid to the government
Question 72: What is the disadvantage of dividends for investors?
A. They always have a high rate of return
B. They are unstable and depend on the company's business performance
C. They are received before bond debt is paid
D. They are guaranteed by the government
Question 73: What is the difference between stocks and bonds?
A. Stocks have no maturity date, whereas bonds have a maturity date
B. Stocks have a maturity date, whereas bonds do not
C. Neither stocks nor bonds have a maturity date
D. Bonds are riskier than stocks
Question 74: What rights do investors have when owning stocks?
A. The right to receive dividends and the right to vote in shareholder meetings
B. The right to receive a fixed annual return
C. The right to sell stocks back to the company at the original price
D. The right to request the company to buy back stocks at any time
Question 75: What is the primary market?
A. A place where investors trade stocks with each other
B. A place where companies issue securities to the public for the first time
C. A place where financial derivatives are traded
D. A place exclusively for government bond transactions
Question 76: What is the difference between a Broker and a Dealer?
A. A Broker trades on behalf of clients, while a Dealer buys and sells for themselves
B. A Broker buys stocks, while a Dealer sells stocks
C. A Broker is a company that issues securities, while a Dealer is a company that repurchases securities
D. A Broker operates only in the primary market, while a Dealer operates only in the secondary market
Question 77: Which financial instrument typically has the highest liquidity? lOMoAR cPSD| 58504431 A. Stocks B. Long-term bonds C. Treasury bills D. Corporate bonds
Question 78: When a company issues additional shares to the public, in which
market does this take place? A. Secondary market B. Primary market C. Derivatives market D. Foreign exchange market
Question 79: In the secondary market, who trades securities? A. Only the government B. Only the central bank
C. Individual and institutional investors
D. Only the company that issued the securities
Question 80: Which of the following is NOT a characteristic of bonds?
A. They have a fixed maturity date
B. Bondholders receive periodic interest payments
C. Bondholders have voting rights in the issuing company
D. They are issued by both governments and corporations
Question 81: Which financial instrument provides fixed income to investors? A. Stocks B. Bonds C. Options D. Futures contracts
Question 82: What is the greatest risk when investing in stocks?
A. The company may go bankrupt, leading to capital loss B. Dividends are not stable
C. Stock prices can fluctuate significantly D. All of the above
Question 83: In the event of a company's bankruptcy, what is the order of payment priority?
A. Shareholders > Bondholders > Creditors lOMoAR cPSD| 58504431
B. Creditors > Bondholders > Shareholders
C. Bondholders > Creditors > Shareholders
D. Shareholders > Creditors > Bondholders
Question 84: What is the primary function of financial markets?
A. Helping the government collect taxes from investors
B. Mobilizing and allocating capital within the economy
C. Ensuring that currency values remain unchanged
D. Controlling corporate business activities
Question 85: An investor buys a stock for 100,000 VND and receives a dividend of
5,000 VND. What is the dividend yield? A. 2% B. 5% C. 10% D. 20%
Question 86: Which of the following financial instruments is classified as a shortterm instrument? A. 10-year government bonds B. Bank bill C. Common stock D. 5-year corporate bonds
Question 87: Which instrument belongs to the capital market? A. Stock B. Treasury bill C. Commercial bill
D. Short-term certificate of deposit
Question 88: Which financial instrument typically has a maturity period of 1 to 5
years and is considered medium-term? A. 15-year government bonds B. 3-year corporate bonds C. Preferred stock
D. Interest rate swap contract
Question 89: Which financial instrument is primarily traded in the money market? lOMoAR cPSD| 58504431 A. 10-year treasury bonds B. Treasury bill C. Common stock D. Corporate bonds
Question 90: The capital market trades financial instruments with a minimum maturity of: A. Less than 1 year B. 1 year or more C. 5 years or more D. No fixed maturity
Question 91: What is the primary purpose of the money market? A. Long-term investment
B. Providing short-term capital to businesses and governments C. Stock trading D. Real estate investment
Question 92: What is the key difference between the money market and the capital market?
A. The money market primarily provides short-term capital, while the capital market provides long-term capital
B. The money market trades stocks, while the capital market trades bonds
C. The capital market is exclusively for businesses, while the money market is for governments
D. There is no clear distinction between the two markets
Question 93: Which of the following securities does not belong to the capital market? A. Common stock B. 10-year corporate bonds C. Bank bill D. Preferred stock
Question 94: A 9-month certificate of deposit is primarily traded in which market? lOMoAR cPSD| 58504431 A. Money market B. Capital market C. Foreign exchange market D. Derivatives market
Question 95: A company looking to raise capital for business expansion over the next
10 years should participate in which market? A. Money market B. Capital market C. Foreign exchange market D. Commodity market
Question 96: A company needs to borrow 500 million VND to purchase raw
materials for production and plans to repay the loan within six months. Which
market should the company borrow from? A. Capital market B. Money market C. Stock market D. Foreign exchange market
Question 97: An individual investor wants to buy shares of Vinamilk Joint Stock
Company on the stock exchange to receive dividends and long-term capital
appreciation. This transaction belongs to which market? A. Money market B. Capital market C. Foreign exchange market D. Derivatives market
Question 98: A commercial bank issues a 1-year certificate of deposit with an
interest rate of 7% per year to raise funds from customers. Which category does this
financial instrument belong to? A. Short-term instrument B. Medium-term instrument
C. Long-term instrumentD. Derivative instrument lOMoAR cPSD| 58504431
Question 99: Company A issues a 7-year bond to raise capital for expanding its
factory. This type of bond belongs to which market? A. Money market B. Capital market C. Foreign exchange market D. Derivatives market
Question 100: An export company in Vietnam receives payment in USD from an
American partner but needs to convert it to VND to cover domestic expenses. Which
market should the company participate in? A. Capital market B. Money market C. Foreign exchange market D. Derivatives market
Question 101: An individual deposits 1 billion VND into a bank for a 3-month term
to earn interest. This transaction belongs to which market? A. Capital market B. Money market C. Stock market D. Derivatives market
Question 102: An investor wants to hedge against exchange rate risks when dealing
with foreign partners. Which financial instrument should they use? A. Corporate bond B. Forward contract C. Preferred stock D. Bank bill
Question 103: The Central Bank of Vietnam issues treasury bills to control the
money supply in circulation. This instrument belongs to which market? A. Capital market B. Money market
C. Stock marketD. Derivatives market