33. The beta of a security represents its risk relative to the market portfolio.
A. systematic
B. nonsystematic
For Problems #34, #35, and #36, use the following information:
You want to buy a car with a six-year loan of $17,250. The loan has an APR of 4.49%.
34. Your monthly payments will be:
A. less than $200
B. between $200 and $225
C. between $226 and $250
D. between $250 and $275
E. more than $275
35. The effective rate on the loan is closest to which of the following:
A. 4.49%
B. 4.58%
C. 4.65%
D. 4.87%
E. 4.00%
36. How much interest did you pay over the life of this loan:
A. less than $2400
B. between $2401 and $2450
C. between $2451 and $2500
D. between $2501 and $2550
E. more than $2551
37. Which is the most common tool the Federal Reserve uses to conduct monetary policy?
A. open market operations
B. the required reserve ratio
C. the Federal Funds rate
D. the discount rate
38. The prices of bonds with less time to maturity are more interest rate sensitive.
A. True
B. False
39. On January 1, 2020, you start putting the same amount of money every month into an account that pays 3.49% annually. Your last payment will be at the beginning of December 2024, and you'll withdraw the money at the end of that month to make the down payment on a house you'll buy. If you want that down payment to be $35,000, how much would your deposits have to be?
A. $534.76
B. $533.21
C. $178.78
D. $172.75
E. none of the above