货币金融学（第十二版）英文版题库及答案chapter2.pdfVIP

Economics of Money, Banking, and Financial Markets, 12e (Mishkin) Chapter 2 An Overview of the Financial System 2.1 Function of Financial Markets 1) Every financial market has 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-savers to borrowers-spenders. Answer: D Ques Status: Previous Edition AACSB: Reflective Thinking 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) assuring that governments need never resort to printing money. D) providing a risk-free repository of spending power. Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 3) Financial markets improve economic welfare because A) they channel funds from investors to savers. B) they allow consumers to time their purchase better. C) they weed out inefficient firms. D) they eliminate the need for indirect finance. Answer: B Ques Status: Previous Edition AACSB: Reflective Thinking 4) Well-functioning financial markets A) cause inflation. B) eliminate the need for indirect finance. C) cause financial crises. D) allow the economy to operate more efficiently. Answer: D Ques Status: Previous Edition AACSB: Reflective Thinking 1 Copyright © 2019 Pearson Education, Inc. 5) A breakdown of financial markets can result in A) financial stability. B) rapid economic growth. C) political instability. D) stable prices. Answer: C Ques Status: Previous Edition AACSB: Reflective Thinking 6) The principal lender-savers are A) governments. B) businesses. C) households. D) foreigners. Answer: C Ques Status: Previous Edition AACSB: Application of Knowledg