MACRO CHAPTER 9 TESTQUESTIONS宏观经济学答案.docx

MACRO CHAPTER 9 TEST QUESTIONSMoney, Prices, and the Financial System ?Multiple Choice Questions?1.?In the United States saving is allocated to its most productive use by:?A.?the Federal Reserve.B.?the Federal, state, and local governments.C.?regulations and laws designed to improve productivity.D.?a decentralized, market-oriented financial system.?2.?Decentralized market-based financial systems improve the allocation of saving by:?A.?insuring capital gains exceed dividend payments.B.?eliminating the need for commercial banks or other financial intermediaries.C.?matching net capital inflows to net capital outflows.D.?providing information and risk-sharing services.?3.?The financial system consists of financial _____, such as commercial banks, and financial _____, such as the stock market.?A.?markets; intermediariesB.?allocations; investmentsC.?intermediaries; marketsD.?markets; institutions?4.?Firms that extend credit to borrowers using funds from savers are called:?A.?bond dealers.B.?stock brokers.C.?central banks.D.?financial intermediaries.?5.?The specialized information-gathering activities that banks use to evaluate borrowers are an example of the:?A.?cost-benefit principle.B.?principle of comparative advantage.C.?scarcity principle.D.?principle of increasing opportunity cost.?6.?Privately-owned firms that accept deposits from individuals and businesses and use those deposits to make loans are called:?A.?mortgage banks.B.?brokerage firms.C.?commercial banks.D.?investment banks.?7.?Banks help savers find productive uses for their funds because banks have specialized in:?A.?gathering information about and evaluating potential borrowers.B.?obtaining preferential tax treatment for savers.C.?securing government guarantees for loans.D.?evaluating the riskiness of stocks.?8.?Financial intermediaries, such as commercial banks, help borrowers, particularly small borrowers, by:?A.?providing information to evaluate potential lenders.B.?offering tax-preferred borrowing opp