金融市场与金融机构（原书第9版）题库chapter 20.docVIP

PAGE 15 Copyright ? 2018 Pearson Education, Inc. Financial Markets and Institutions, 9e (Mishkin) Chapter 20 The Mutual Fund Industry 20.1 Multiple Choice 1) At the beginning of 2013, ________ of mutual fund shares were owned by households. This is a tremendous increase — in 1980, only 5.7% of households held mutual fund shares. A) 30% B) 50% C) 10% D) 75% Answer: D Topic: Chapter 20.1 The Growth of Mutual Funds Question Status: Updated from Previous Edition 2) The origins of mutual funds can be traced back to the mid to late 1800s in A) England and Scotland. B) New York City. C) Boston. D) Germany. Answer: A Topic: Chapter 20.1 The Growth of Mutual Funds Question Status: Previous Edition 3) At the end of 2012 there were over ________ separate mutual funds with total assets over ________. A) 800; $10 trillion B) 7,500; $13 trillion C) 10,000; $10 trillion D) 1,000; $7 trillion Answer: B Topic: Chapter 20.1 The Growth of Mutual Funds Question Status: Previous Edition 4) Household ownership of mutual funds grew steadily from 1980, where about 5% of households owned mutual fund shares, to 2000, when about ________ of households held mutual fund shares. A) 30% B) 40% C) 50% D) 60% Answer: C Topic: Chapter 20.1 The Growth of Mutual Funds Question Status: New Question 5) Household ownership of mutual funds ________ from 2000 through 2015. A) grew steadily B) declined dramatically C) remained constant at about 50% D) fluctuated dramatically from year to year Answer: C Topic: Chapter 20.1 The Growth of Mutual Funds Question Status: New Question 6) Relative to people in their 20s, the average asset allocation across all 401(k) plans for people in their 60s is higher for which of the following asset classes? A) equity funds B) target date funds C) Both A and B are correct. D) None of the above is correct. Answer: A Topic: Chapter 20.1 The Growth of Mutual Funds Question Status: New Question 7) ________ intermediation means that small invest