暨南大学国际学院货币银行期末考试.doc

Chp2 1. Financial market抯 the following characteristic: a. It determines the level of interest rates b. It allows common stock to be traded c It allows loans to be made d. It channels funds from lenders to borrower 2. Financial markets have the basic function of a. getting people with funds to lend together with people who want to borrow funds b. assuring that the swings in the business cycle are less pronounced c. both a and b d. both b and c 3. Which of the following can be described as involving direct finance? a. a corporation issues new shares through an investment bank b. a corporation buys commercial paper issued by another corporation c. a or b d. both a b 4. Which of the following can be described as involving indirect finance? a. You make a loan to your neighbor b. A company buys a share issued by another one c. You buy a T.B. from the US Treasury d. You make a deposit at a bank 5. Which pf the following can be described as involving indirect finance? a. A corporation takes out loans from a bank b. People buy shares in a mutual fund c. A corporation buys commercial paper issued by another one d. Both a and b 6. Which of the following are securities? a. CD b. a GM share c. TB d. All of a,b c 7. Which of the following are long-term financial instruments? a. CD b. Bankers acceptance c. a 6-month loan d. TB e. None of the above 8. Which of the following statements about the characteristics of debt and equity are true? a. Both be long-term financial instruments b. Both involve a claim on the issuer抯 income c. Both enable a corporation to raise funds d. All of the above e. Both a and b 9. Which of the following are primary markets? a. NYSE