macro chapter 9 testquestions宏观经济学答案

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1、MACROCHAPTER9TESTQUESTIONSMoney,Prices,andtheFinancialSystem MultipleChoiceQuestions 1. IntheUnitedStatessavingisallocatedtoitsmostproductiveuseby: A. theFederalReserve.B. theFederal,state,andlocalgovernments.C. regulationsandlawsdesignedtoimproveproduct

2、ivity.D. adecentralized,market-orientedfinancialsystem. 2. Decentralizedmarket-basedfinancialsystemsimprovetheallocationofsavingby: A. insuringcapitalgainsexceeddividendpayments.B. eliminatingtheneedforcommercialbanksorotherfinancialintermediaries.C. mat

3、chingnetcapitalinflowstonetcapitaloutflows.D. providinginformationandrisk-sharingservices. 3. Thefinancialsystemconsistsoffinancial_____,suchascommercialbanks,andfinancial_____,suchasthestockmarket. A. markets;intermediariesB. allocations;investmentsC. i

4、ntermediaries;marketsD. markets;institutions 4. Firmsthatextendcredittoborrowersusingfundsfromsaversarecalled: A. bonddealers.B. stockbrokers.C. centralbanks.D. financialintermediaries. 5. Thespecializedinformation-gatheringactivitiesthatbanksusetoevalua

5、teborrowersareanexampleofthe: A. cost-benefitprinciple.B. principleofcomparativeadvantage.C. scarcityprinciple.D. principleofincreasingopportunitycost. 6. Privately-ownedfirmsthatacceptdepositsfromindividualsandbusinessesandusethosedepositstomakeloansare

6、called: A. mortgagebanks.B. brokeragefirms.C. commercialbanks.D. investmentbanks. 7. Bankshelpsaversfindproductiveusesfortheirfundsbecausebankshavespecializedin: A. gatheringinformationaboutandevaluatingpotentialborrowers.B. obtainingpreferentialtaxtreat

7、mentforsavers.C. securinggovernmentguaranteesforloans.D. evaluatingtheriskinessofstocks. 8. Financialintermediaries,suchascommercialbanks,helpborrowers,particularlysmallborrowers,by: A. providinginformationtoevaluatepotentiallenders.B. offeringtax-prefer

8、redborrowingopportunities.C. eliminatingtheriskofborrowing.D. providingcreditthatmightotherwisenotbeavailable. 9. Saversmayprefertousefinancialintermediariesratherthanlendingdirectlytoborrowersbecausefinancialintermediarie