货币银行学 题库

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1、Chapter2AnOverviewoftheFinancialSystem57Chapter2AnOverviewoftheFinancialSystemnMultipleChoice1)Everyfinancialmarkethasthefollowingcharacteristic:(a)Itdeterminesthelevelofinterestrates.(b)Itallowscommonstocktobetraded.(c)Itallowsloanstobemade.(d)Itchannelsfundsfromlenders-saverstobor

2、rowers-spenders.Answer:DQuestionStatus:PreviousEdition2)Financialmarketshavethebasicfunctionof(a)gettingpeoplewithfundstolendtogetherwithpeoplewhowanttoborrowfunds.(b)assuringthattheswingsinthebusinesscyclearelesspronounced.(c)assuringthatgovernmentsneedneverresorttoprintingmoney.(d

3、)both(a)and(b)oftheabove.(e)both(b)and(c)oftheabove.Answer:AQuestionStatus:PreviousEdition3)Financialmarketsimproveeconomicwelfarebecause(a)theyallowfundstomovefromthosewithoutproductiveinvestmentopportunitiestothosewhohavesuchopportunities.(b)theyallowconsumerstotimetheirpurchasebe

4、tter.(c)theyweedoutinefficientfirms.(d)theydoeachoftheabove.(e)theydo(a)and(b)oftheabove.Answer:EQuestionStatus:PreviousEdition4)Well-functioningfinancialmarkets(a)causeinflation.(b)eliminatetheneedforindirectfinance.(c)causefinancialcrises.(d)produceanefficientallocationofcapital.(

5、e)promotepoliticalinstability.Answer:DQuestionStatus:NewChapter2AnOverviewoftheFinancialSystem571)Abreakdownoffinancialmarketscanresultin(a)anefficientallocationofcapital.(b)rapideconomicgrowth.(c)politicalinstability.(d)stableprices.(e)financialstability.Answer:CQuestionStatus:New2

6、)Whichofthefollowingcanbedescribedasdirectfinance?(a)Youtakeoutamortgagefromyourlocalbank.(b)Youborrow$2500fromafriend.(c)ApensionfundlendsmoneytoGeneralMotors.(d)Youbuysharesinamutualfund.(e)Noneoftheabove.Answer:BQuestionStatus:StudyGuide3)Assumethatyouborrow$2000at10%annualintere

7、sttofinanceanewbusinessproject.Forthisloantobeprofitable,theminimumamountthisprojectmustgenerateinannualearningsis(a)$400.(b)$201.(c)$200.(d)$199.(e)$101.Answer:BQuestionStatus:New4)Youcanborrow$5000tofinanceanewbusinessventure.Thisnewventurewillgenerateannualearningsof$251.Themaxim

8、uminterestratethaty