米什金 货币金融学 英文版习题答案chapter 10英文习题.pdfVIP

EconomicsofMoney,Banking,andFinancialMarkets,11e,GlobalEdition(Mishkin)

Chapter10EconomicAnalysisofFinancialRegulation

10.1AsymmetricInformationasaRationaleforFinancialRegulation

1)Depositorslackofinformationaboutthequalityofbankassetscanleadto

A)bankpanics.

B)bankbooms.

C)sequencing.

D)assettransformation.

Answer:A

AACSB:AnalyticalThinking

2)Thefactthatbanksoperateonasequentialserviceconstraintmeansthat

A)alldepositorsshareequallyinthebanksfundsduringacrisis.

C)depositorsarrivingfirsthavethebestchanceofwithdrawingtheirfunds.

D)banksrandomlyselectthedepositorswhowillreceivealloftheirfunds.

Answer:C

AACSB:ReflectiveThinking

crisisbecausebanksoperateona

A)last-in,first-outconstraint.

B)sequentialserviceconstraint.

C)double-coincidenceofwantsconstraint.

D)everyone-shares-equallyconstraint.

Answer:B

AACSB:ReflectiveThinking

Thisisthe

A)too-big-to-faileffect.

B)moralhazardproblem.

C)adverseselectionproblem.

D)contagioneffect.

Answer:D

AACSB:AnalyticalThinking

5)Thecontagioneffectreferstothefactthat

A)depositinsurancehaseliminatedtheproblemofbankfailures.

B)bankrunsinvolveonlysoundbanks.

C)bankrunsinvolveonlyinsolventbanks.

D)thefailureofonebankcanhastenthefailureofotherbanks.

Answer:D

AACSB:ReflectiveThinking

6)Duringtheboomyearsofthe1920s,bankfailureswerequite

A)uncommon,averaginglessthan30peryear.

B)uncommon,averaginglessthan100peryear.

C)common,averagingabout600peryear.

D)common,averagingabout1000peryear.

Answer:C

AACSB:ApplicationofKnowledge

________in1934toprovidedepositinsurance.

A)FDIC

B)SEC

C)FederalReserve

D)ATM

Answer:A

AACSB:ApplicationofKnowledge

handlingfailedbanksis

A)thattheFDICguaranteesalldepositswhenitusesthepayoffmethod.

thatde