The agreement between two parties to exchange cash flows in future and the cash flows are based on underlying instruments is classified as ___________?

A. swaps
B. interchange
C. exchange
D. index

The difference between net proceeds and gross proceeds is called __________?

A. non-participating spread
B. participating spread
C. under writer spread
D. over writer spread

The indexes in which the price of stock of companies listed in stock market index are added together and is divided by an adjusted value are classified as ________?

A. herring indexes
B. group indexes
C. John indexes
D. Dow Indexes

The markets in which new securities are issued by the corporations to raise funds are called _____________?

A. primary markets
B. secondary markets
C. Gross markets
D. proceeds markets

The type of exchange members who only buy and sell for their personal account are classified as __________?

A. non-investment traders
B. professional traders
C. commercial traders
D. investment traders

In interest rate swap transaction, the party who pays the fixed payments of interest is classified as __________?

A. notion buyer
B. notion seller
C. swap buyer
D. swap seller

The intrinsic value of option is $280 and the price of option is $350 then the time value of option is ___________?

A. 125
B. 135
C. 280
D. 70

The types of corporate stock that are traded in exchange markets are ___________?

A. common stock
B. preferred stock
C. quoted stock
D. both A and B

The type of preferred stock whose dividend payments are never paid to stock holders and are not considered in arrears is classified as ____________?

A. non-participating preferred stock
B. participating preferred stock
C. non-cumulative preferred stock
D. cumulative preferred stock

The sum of capital gains and dividend payments which are paid to stock holders on periodic basis is equal to ___________?

A. return to common stockholders
B. return on premium bonds
C. return to stock holder
D. return to preferred stock