第二单元金融考试题西南财经大学天府学院

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1、FinancialMarketsandInstitutions^7e(Mishkin)Chapter2OverviewoftheFinancialSystem2.1MultipleChoice1)Everyfinancialmarketperformsthefollowingfunction:A)Itdeterminesthelevelofinterestrates.B)Itallowscommonstocktobetraded・C)Itallowsloanstobemade.D)Itchannels

2、fundsfromlenders-saverstoborrowers-spenders.Answer:D2)FinancialmarketshavethebasicfunctionofA)bringingtogetherpeoplewithfundstolendandpeoplewhowanttoborrowfunds.B)assuringthattheswingsinthebusinesscyclearelesspronounced-C)assuringthatgovernmentsneedneve

3、rresorttoprintingmoney.D)bothAandBoftheabove.E)bothBandCoftheabove.Answer:A3)Whichofthefollowingcanbedescribedasinvolvingdirectfinance?A)Acorporation'sstockistradedinanover-the-countermarket.B)Peoplebuysharesinamutualfund.C)Apensionfundmanagerbuyscommer

4、cialpaperinthesecondarymarket.D)Aninsurancecompanybuyssharesofcommonstockintheover-the-countermarkets.E)Noneoftheabove.Answer:E4)Whichofthefollowingcanbedescribedasinvolvingdirectfinance?A)Acorporation^stockistradedinanover-the-countermarket.B)Acorporat

5、ionbuyscommercialpaperissuedbyanothercorporation.C)Apensionfundmanagerbuyscommercialpaperfromtheissuingcorporation.D)BothAandBoftheabove.E)BothBandCoftheabove.Answer:B5)Whichofthefollowingcanbedescribedasinvolvingindirectfinance?A)Acorporationtakesoutlo

6、ansfromabank・B)Peoplebuysharesinamutualfund.C)Acorporationbuyscommercialpaperinasecondarymarket.D)Alloftheabove.E)OnlyAandBoftheabove.Answer:E1)Whichofthefollowingcanbedescribedasinvolvingindirectfinance?A)AbankbuysaU.S.Treasurybillfromoneofitsdepositor

7、s.B)Acorporationbuyscommercialpaperissuedbyanothercorporation.C)Apensionfundmanagerbuyscommercialpaperintheprimarymarket.D)BothAandCoftheabove.Answer:D2)FinancialmarketsimproveeconomicwelfarebecauseA)theyallowfundstomovefromthosewithoutproductiveinvestm

8、entopportunitiestothosewhohavesuchopportunities.B)theyallowconsumerstotimetheirpurchasesbetter.C)theyweedoutinefficientfirms.D)theydoalloftheabove.E)theydoAandBoftheabove.Answer:E3)Acountrywhosefinancialmarketsfunctionpoorlyislik