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ID:35451711
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页数:16页
时间:2019-03-24
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1、Chapter15WhyDoFinancialInstitutionsExist?■MultipleChoiceQuestions1•OfthefollowingsourcesofexternalfinanceforAmericannonfinancialbusinesses,theleastimportantis(a)loansfrombanks.(b)stocks・(c)bondsandcommercialpaper.(d)nonbankloans・Answer:B2.OfthefollowingsourcesofexternalfinanceforAmericannonfina
2、ncialbusinesses,themostimportantis(a)loansfrombanks・(b)stocks・(c)bondsandcommercialpaper.(d)nonbankloans.Answer:D3.OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,bondsaccountforapproximatelyofthetotal.(a)10percent(b)20percent(c)30percent(d)50percentAnswer:C4.Ofthesourceso
3、fexternalfundsfornonfinancialbusinessesintheUnitedStates,stocksaccountforapproximatelyofthetotal.(a)10percent(b)20percent(c)30percent(d)40percent2.WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStates,whichofthefollowingareaccuratestatements?(a)Marketablesecuritiesacc
4、ountforalargershareofexternalbusinessfinancingintheUnitedStatesthaninmostothercountries・(b)Since1970,lessthan5percentofnewlyissuedcorporatebondsandcommercialpaperhavebeensolddirectlytoAmericanhouseholds・(c)ThestockmarketaccountedforthelargestshareofthefinancingofAmericanbusinessesinthe1970-2000
5、period.(d)Alloftheabove.(e)Only(a)and(b)oftheabove.Answer:E3.WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStates,whichofthefollowingareaccuratestatements?(a)Directfinanceisusedinlessthan5percentoftheexternalfinancingofAmericanbusinesses・(b)Onlylarge,well-established
6、corporationshaveaccesstosecuritiesmarketstofinancetheiractivities.(c)LoansfrombanksandotherfinancialintermediariesintheUnitedStatesprovidefivetimesmorefinancingofcorporateactivitiesthandostockmarkets.(d)Alloftheabove.(e)Only(a)and(b)oftheabove.Answer:D4.(1)IntheUnitedStatesnonbankloansarcthemos
7、timportantsourceofexternalfundsfornonfinancialbusinesses.(II)InGermanyandJapan,issuingstocksandbondsisthemostimportantsourceofexternalfornonfinancialbusinesses・(a)(I)istrue,(II)false.(b)(I)isfhlse,(II)true.(c)Botharetrue.(d)Bothar
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