货币金融学（第十二版）英文版题库及答案chapter10.pdfVIP

Economics of Money, Banking, and Financial Markets, 12e (Mishkin) Chapter 10 Economic Analysis of Financial Regulation 10.1 Asymmetric Information as a Rationale for Financial Regulation 1) Depositors lack of information about the quality of bank assets can lead to A) bank panics. B) bank booms. C) sequencing. D) asset transformation. Answer: A Ques Status: Previous Edition AACSB: Analytical Thinking 2) The fact that banks operate on a sequential service constraint means that A) all depositors share equally in the banks funds during a crisis. B) depositors arriving last are just as likely to receive their funds as those arriving first. C) depositors arriving first have the best chance of withdrawing their funds. D) banks randomly select the depositors who will receive all of their funds. Answer: C Ques Status: Previous Edition AACSB: Reflective Thinking 3) Depositors have a strong incentive to show up first to withdraw their funds during a bank crisis because banks operate on a A) last-in, first-out constraint. B) sequential service constraint. C) double-coincidence of wants constraint. D) everyone-shares-equally constraint. Answer: B Ques Status: Previous Edition AACSB: Reflective Thinking 4) Because of asymmetric information, the failure of one bank can lead to runs on other banks. This is the A) too-big-to-fail effect. B) moral hazard problem. C) adverse selection problem. D) contagion effect. Answer: D Ques Status: Previous Edition AACSB: Analytical Thinking 1 Copyright © 2019 Pearson Education, Inc. 5) The contagion effect refers to the fact that A) deposit insurance has eliminated the problem of bank failures. B) bank runs involve only sound banks. C) bank runs involve only insolvent banks. D) the failure of one bank can hasten the failure of other banks. Answer: D Ques Status: Previous Edition