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1. An ____ is an annuity whose payments are made at the beginning of each period

a) Annuity-past

b) Annuity-fixed

c) Annuity-done

d) Annuity-due

 

 

2. A _____ is an annuity for which the payments continue forever

a) Perpetuity

b) Proximity

c) Due

d) Propensity

 

 

3. _____ primary considerations when thinking about annuities

a) Four

b) Five

c) Three 

d) Two

 

 

4. The first thing to determine is if you need an_____ or deferred annuity.

a) Immediate 

b) Calculated

c) Predicted

d) Fixed

 

 

 

5. In an_____ annuity, the investor begins to receive payments immediately upon investing

a) Commission  

b) Immediate 

c) Calculated

d) Predicted

 

 

 

6. In a deferred annuity, you typically receive payments starting at some____

date, usually at retirement

a) Future 

b) Current

c) Mid-way

d) Concurrent  

 

 

7. _____annuities are invested primarily in government securities and high-grade corporate bonds.

a) Timely

b) Flexible

c) Fixed 

d) Wavering

 

 

8. They offer a guaranteed rate of return, typically over a period of one to ____ years.

a) Fifteen 

b) Ten

c) Twelve

d) Eight

 

 

 

9. There are ____ basic types of fixed annuities.

a) Three

b) Four

c) Two 

d) One

   

10.  GRA is an acronyms for the Guaranteed ______ Annuities

a) Income

b) Investment

c) Dividend

d) Return   

 

 

11. The _____ Value Adjustment annuity (MVA)

a) 
Money

b) Mortgage

c) Militate

d) Market

 

 

 

12. A _____ annuity is a contract between you and an issuer whereby you agree to give the issuer principal and in return the issuer guarantees you variable payments over time.

a) Variable 

b) Varieties

c) Valued

d) Varied

 

 

13. GMIB; Guaranteed Minimum ______ Benefit

a) Incumbent

b) Income 

c) Incidences

d) Investment  

 

 

 

14. ____ flow is the movement of money into or out of a business, project, or

financial product.

a) Cost

b) Considerable

c) Cash

d) Consumption

 

 

15. The _____cash flow/operating cash flow ratio measures the relationship between free cash flow and operating cash flow

a) Fixed

b) Free

c) Focused

d) Flexible   

 

 

16. Free cash flow is most often defined as operating cash flow minus capital

______

a) Expenditures 

b) Expenses

c) Exponents

d) Expectations

 

 

 

17. An item on the cash flow statement belongs in the investing activities section if it results from any ______

a) Purchases

b) Assets

c) Liabilities

d) Gains   

 

 

18. An investing activity refers to cash spent on investments in _____ assets

a) Liabilities

b) Capital 

c) Profitable

d) Projected

 

19. CFF; CASH FLOW FROM ______,

a) FINANCE

b) FORCAST

c) FORMATION

d) FORMULA

 

 

20. CASH FLOW FROM _________,

a) INVESTIGATION

b) INVESTMENT

c) INVOICES

d) INVENTORY

 

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21. CFO; CASH FLOW FROM _______

a) OPPOSITIONS

b) OPPOSTIMISTICS

c) OPERATION

d) OPERANT

 

 

22. _____ CASH FLOW = CFF + CFI + CFO

a) NETWORK

b) NEMESIS

c) NET

d) NETFLIX

 

 

23.  FCFE; free cash flow to____

a) Equity 

b) Equation

c) Equipment

d) Equality

 

 

24.  (P/CF) price-to-cash-flow ______

a) Rational

b) Price

c) Ratio 

d) Reoccurred

 

 

25.  FCFF; free cash flow to the ____

a) Formulae

b) Formulation

c) Foremost

d) Firm 

 

 

26. Cash Flow from investing activities includes purchasing and selling long-term _____

a) Liabilities

b) Assets 

c) Valuables

d) Commodities

 

 

27. Cash Flow from financing activities includes issuing and buying back capital stock, as well as ______ and repaying loans on a short- or long-term basis (issuing bonds and notes)

a). Borrowing 

b). Investing

c). Lending

d). Leasing

 

 

 

32. The sinking fund was first used in ______ in the 18th century to reduce national debt.

a) Lagos

b) Abuja

c) Canada

d) Great Britain 

 

 

 

33. Investors prefer bonds and debentures backed by sinking funds because there is less _____ of a default

a) Stress

b) Panic

c) Risk 

d) Obstacle

 

 

 

34. In ______ the nonconformist minister Richard Price published a pamphlet on methods of reducing the national debt.

a) 1772

b) 1779

c) 1771

d) 1776

 

 

 

35. _____ Pitt the Younger, who drafted a proposal to reform the Sinking Fund

in 1786.

a) Ayo

b) William

c) Socrates

d) Wolesoyinka

 

 

 

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36. R = Ai / (1+i) / i  represent ______

a) Interest

b) Internet

c) Interlocutor

d) Interlock

 

 

37. n: number of______.

a) Years

b) Months

c) Days

d) Periods 

 

 

38. Interest that is computed on the previously accumulated interest as well as on the principal is called _______ interest.

a) Simple

b) Compound 

c) Composite

d) Common

 

 

 

39. Debt instruments are a way for markets and participants to easily _____the ownership of debt obligations from one party to another.

a) Transfer 

b) Movement

c) Relocation

d) Reconsideration

 

 

40. Debt _____ transfer-ability increases liquidity and gives creditors a means of trading debt obligations on the market

a) Responsibility

b) Obligation 

c) Focus

d) Derivatives

 

 

41. _____ are often referred to as debt instruments, debt obligations, or fixed

income securities

a) Liabilities

b) Dividend

c) Bonds 

d) Investment

 

 

 

 

 

42. The rate of interest that a bond pays to the bondholder is called the _____ rate.

a) Interest

b) Partnership

c) Labour

d) Coupon 

 

 

 

43. Bearer bonds became the _____ of whoever had physical possession of the bond

a) Property

b) Capital

c) Liability

d) Asset

 

 

 

44. ____ coupon bonds do not make coupon payments during the life of the bond

a) Life

b) Long-term

c) Short-term

d) Zero 

 

 

 

45. Zeros, as they are sometimes called, are bonds that pay no coupon or _____ payment.

a) Increased

b) Interest 

c) Viable

d) Composit

 

 

 

46. A floating rate bond has a coupon rate that is pegged to a ______(standard for others to follow),

a) Fixation

b) Writtten

c) Concreted

d) Benchmark    

 

 

47. { } this called a ______

a) Matrix

b) Set

c) Sequence

d) Element

 

 

 

 

48. ∪ This is called _____ 

a) Unionism

b) Utopia

c) Umbrella

d) Union

 

 

 

49. All the element that belongs all sets. Let set A = {5,7,8} and let set  B = {6,11,15, Y}.  What is the union of set A & B?

Ans. {5,6,7,8,11,15,Y}

 

 

 

51. Let set A = {5,Y,7,8} and let set B ={6,11,15,Y}. What is the INTERSECTION of set A & B?

AՈB = { Y }

 

 

 

52. The _____ of a set is seen as an element that is not a member of a particular set.

a) Composition

b) Complement

c) Formation

d) Regulation

 

 

53. Let U = {1,2,3,4,5,6,7,8,9,10,11} A = {2,4,6,8,10} what is A complement?

 

Ans; A^I = {1,3,5,7,11}

 

 

 

 

54. There are _____ sides to a  real line

a) Three

b) Four

c) Two

d) One  

 

55. ______ are numbers that is not fraction a whole numbers.

a) Equations

b) Number lines

c) Integers

d) Matrices