金融市场机构(1

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1、Chapter24RiskManagementinFinancialInstitutions319Chapter24RiskManagementinFinancialInstitutionsnMultipleChoiceQuestions1.Banksfacetheproblemof_________inloanmarketsbecausebadcreditrisksaretheonesmostlikelytoseekbankloans.(a)adverseselection(b)moralhazard(c)moralsuasion(d

2、)intentionalfraudAnswer:A2.Ifborrowerswiththemostriskyinvestmentprojectsaremorelikelytoseekbankloansthanborrowerswiththesafestinvestmentprojects,banksfacetheproblemof(a)adversecreditrisk.(b)adverseselection.(c)moralhazard.(d)conflictofinterest.Answer:B3.Becauseborrowers,

3、oncetheyhavealoan,aremorelikelytoinvestinhigh-riskinvestmentprojects,banksfacethe(a)adverseselectionproblem.(b)lemonproblem.(c)adversecreditriskproblem.(d)moralhazardproblem.Answer:D4.Banks’attemptstosolveadverseselectionandmoralhazardproblemshelpexplainloanmanagementpri

4、nciplessuchas(a)screeningandmonitoringofloanapplicants.(b)collateralandcompensatingbalances.(c)creditrationing.(d)alloftheabove.Chapter24RiskManagementinFinancialInstitutions319(e)only(a)and(b)oftheabove.Answer:DChapter24RiskManagementinFinancialInstitutions3195.Inonesen

5、se,_________appearssurprisingsinceitmeansthatthebankisnot_________itsportfolioofloansandthusisexposingitselftomorerisk.(a)specializationinlending;diversifying(b)specializationinlending;rationing(c)creditrationing;diversifying(d)screening;rationingAnswer:A6.Fromthestandpo

6、intof_________,specializationinlendingissurprisingbutmakesperfectsensewhenoneconsidersthe_________problem.(a)moralhazard;diversification(b)diversification;moralhazard(c)adverseselection;diversification(d)diversification;adverseselectionAnswer:D7.Provisionsinloancontracts

7、thatproscribeborrowersfromengaginginspecifiedriskyactivitiesarecalled(a)proscriptionbonds.(b)collateralclauses.(c)restrictivecovenants.(d)liens.Answer:C8.Banksattempttoscreengoodfrombadcreditriskstoreducetheincidenceofloandefaults.Todothis,banks(a)specializeinlendingtoce

8、rtainindustriesorregions.(b)writerestrictivecovenantsintoloancontracts.(c)expendresourcestoacquireaccur