货币金融学（第十二版）英文版题库及答案chapter1.pdfVIP

Economics of Money, Banking, and Financial Markets, 12e (Mishkin) Chapter 1 Why Study Money, Banking, and Financial Markets? 1.1 Why Study Financial Markets? 1) Financial markets promote economic efficiency by A) channeling funds from investors to savers. B) creating inflation. C) channeling funds from savers to investors. D) reducing investment. Answer: C Ques Status: Previous Edition AACSB: Reflective Thinking 2) Financial markets promote greater economic efficiency by channeling funds from ________ to ________. A) investors; savers B) borrowers; savers C) savers; borrowers D) savers; lenders Answer: C Ques Status: Previous Edition AACSB: Reflective Thinking 3) Well-functioning financial markets promote A) inflation. B) deflation. C) unemployment. D) growth. Answer: D Ques Status: Previous Edition AACSB: Reflective Thinking 4) A key factor in producing high economic growth is A) eliminating foreign trade. B) well-functioning financial markets. C) high interest rates. D) stock market volatility. Answer: B Ques Status: Previous Edition AACSB: Reflective Thinking 1 Copyright © 2019 Pearson Education, Inc. 5) Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called A) commodity markets. B) fund-available markets. C) derivative exchange markets. D) financial markets. Answer: D Ques Status: Previous Edition AACSB: Application of Knowledge 6) ________ markets transfer funds from people who have an excess of available funds to people who have a shortage. A) Commodity B) Fund-available C) Financial D) Derivative exchange Answer: C Ques Status: Previous Edition AACSB: Application of Knowledge 7) Poorly performing financial markets can be the cause of A) wealth. B) poverty. C) financial stability. D) financ