International Finance (Introduction)

The primary market is:

• a. the main part of the stock market.

• b. the market for new issuance.

• c. reserved for large companies.

The secondary market:

• a. promotes business financing.

• b. connects investors with each other.

• c. is reserved for stocks only.

An over-the-counter market :

• a. concerns only physical assets such as (real estate, inventory…).

• b. relates to derivative assets only ( Options, forwards).

• c. can concern both types of assets (physical and derivative)

Euronext is :

• a. a public regulatory authority.

• b. a financial intermediary.

• c. an independent private stock exchange platform.

The money market is a market:

• a. reserved for banks only.

• b. restricted to all financial institutions.

• c. accessible to business, government and financial institutions.

The bond market is a market:

• a. short-term and long-term debt financing.

• b. reserved for sovereign debt only.

• c. long-term debt financing only.

Derivative instruments relate to :

• a. shares and bonds only.

• b. physical assets.

• c. currencies only.

Euronext Growth and Euronext Access are :

• a. regulated stock markets.

• b. over-the-counter markets.

• c. unregulated stock markets.

On Euronext, transactions are executed :

• a. systematically in cash.

• b. systematically via the « DSS = Deferred settlement system ».

• c. depending on the investor's order strategy (buyer or seller)

Which of these activities is not carried out by the Middle Office in a trading room :

• a. Operational activity (management of financial transactions after their negotiation)

• b. Activity of monitoring the execution of transactions against rules and standards

• c. Administrative, accounting, control (settlement-delivery) and auditing/reporting activities