Mishkin_TB_ch02米什金货币金融学题库.pdfVIP

Mishkin_TB_ch02米什金货币金融学题库

TheEconomicsofMoney,Banking,andFinancialMarkets,9e(Mishkin)

Chapter2AnOverviewoftheFinancialSystem

2.1FunctionofFinancialMarkets

1)Everyfinancialmarkethasthefollowingcharacteristic:A)It

determinesthelevelofinterestrates.B)Itallowscommonstocktobe

traded.

C)Itallowsloanstobemade.

D)Itchannelsfundsfromlenders-saverstoborrowers-spenders.

Answer:D

QuesStatus:PreviousEdition

2)FinancialmarketshavethebasicfunctionofA)gettingpeople

withfundstolendtogetherwithpeoplewhowanttoborrowfunds.

B)assuringthattheswingsinthebusinesscycleareless

pronounced.

C)assuringthatgovernmentsneedneverresorttoprintingmoney.D)

providingarisk-freerepositoryofspendingpower.Answer:A

QuesStatus:PreviousEdition

3)FinancialmarketsimproveeconomicwelfarebecauseA)they

channelfundsfrominvestorstosavers.B)theyallowconsumerstotime

theirpurchasebetter.C)theyweedoutinefficientfirms.

D)eliminatetheneedforindirectfinance.Answer:B

QuesStatus:PreviousEdition

4)Well-functioningfinancialmarkets

A)causeinflation.

B)eliminatetheneedforindirectfinance.C)causefinancial

crises.

D)produceanefficientallocationofcapital.Answer:D

QuesStatus:PreviousEdition

5)AbreakdownoffinancialmarketscanresultinA)financial

stability.

B)rapideconomicgrowth.

C)politicalinstability.

D)stableprices.

Answer:C

QuesStatus:PreviousEdition

1

6)Theprincipallender-saversare

A)governments.

B)businesses.

C)households.

D)foreigners.

Answer:C

QuesStatus:New

7)Whichofthefollowingcanbedescribedasdirectfinance?A)You

takeoutamortgagefromyourlocalbank.

B)Youborrow$2500fromafriend.

C)