货币银行学习题exercises(Part 12).docVIP

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Exercises,,,(Part,,,1,,,2,,,) 1．The,,,principal,,,lender-savers,,,are A),,,governments,,,,,,B),,,businesses,,,,,,C),,,households,,,,,,D),,,foreigners. 2.,,,Which,,,of,,,the,,,following,,,can,,,be,,,described,,,as,,,direct,,,finance? A),,,A,,,corporation,,,issues,,,new,,,shares,,,of,,,stock. B),,,People,,,buy,,,shares,,,in,,,a,,,mutual,,,fund. C),,,A,,,pension,,,fund,,,manager,,,buys,,,a,,,short-term,,,corporate,,,security,,,in,,,the,,,secondary,,,market. D),,,An,,,insurance,,,company,,,buys,,,shares,,,of,,,common,,,stock,,,in,,,the,,,over-the-counter,,,markets. 3.,,,,,,Which,,,of,,,the,,,following,,,can,,,be,,,described,,,as,,,indirect,,,finance? A),,,You,,,make,,,a,,,loan,,,to,,,your,,,neighbor. B),,,A,,,corporation,,,buys,,,a,,,share,,,of,,,common,,,stock,,,issued,,,by,,,another,,,corporation,,,in,,,the,,,primary,,,market. C),,,You,,,buy,,,a,,,U.S.,,,Treasury,,,bill,,,from,,,the,,,U.S.,,,Treasury. D),,,You,,,make,,,a,,,deposit,,,at,,,a,,,bank. 4.,,,________,,,work,,,in,,,the,,,secondary,,,markets,,,matching,,,buyers,,,with,,,sellers,,,of,,,securities. A),,,Dealers,,,,,,B),,,Underwriters,,,,,,C),,,Brokers,,,,,,D),,,security,,,issuers 5.,,,The,,,higher,,,a,,,securitys,,,price,,,in,,,the,,,secondary,,,market,,,the,,,________,,,funds,,,a,,,firm,,,can,,,raise,,,by,,,selling,,,securities,,,in,,,the,,,________,,,market.,,, A),,,more;,,,primary,,,B),,,more;,,,secondary,,,C),,,less;,,,primary,,,D),,,less;,,,secondary 6.,,,Of,,,moneys,,,three,,,functions,,,,the,,,one,,,that,,,distinguishes,,,money,,,from,,,other,,,assets,,,is,,,its,,,function,,,as,,,a A),,,store,,,of,,,value,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,B),,,unit,,,of,,,account.,,, C),,,standard,,,of,,,deferred,,,payment.,,,,,,D),,,medium,,,of,,,exchange. 7.,,,The,,,currency,,,component,,,includes,,,paper,,,money,,,and,,,coins,,,held,,,in,,, A),,,bank,,,vaults,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,B),,,ATMs,,,,,, C),,,the,,,hands,,,of