Sec 26.1 MC Financial Institutions in the U.S. Economy

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1、1. Atthebroadestlevel,thefinancialsystemmovestheeconomy’sscarceresourcesfrom a. therichtothepoor. b. financialinstitutionstobusinessfirmsandgovernment. c. householdstofinancialinstitutions. d. saverstoborrowers.ANSWER:  dDIFFICULTY:  EasyREFERENCES:  FinancialInstitutionsin

2、theU.S.EconomyLEARNING OBJECTIVES:  ECON.MANK.067-Determinetheeffectofaneventontheloanablefundsmarket.KEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  001.26.1-MC-MANK082. Thefactthatborrowerssometimesdefaultontheirloansbydeclaringbankruptcyisdirectlyrelatedtothecharacteristicof

3、abondcalled a. creditrisk. b. interestrisk. c. termrisk. d. privaterisk.ANSWER:  aDIFFICULTY:  EasyREFERENCES:  FinancialInstitutionsintheU.S.EconomyLEARNING OBJECTIVES:  ECON.MANK.067-Determinetheeffectofaneventontheloanablefundsmarket.TOPICS:  BondsFinancialeconomicsKEYWO

4、RDS:  BLOOM'S:KnowledgeCUSTOM ID:  002.26.1-MC-MANK083. Whenalarge,well-knowncorporationwishestoborrowdirectlyfromthepublic,itcan a. sellbonds. b. sellsharesofstock. c. gotoabankforaloan. d. Alloftheabovearecorrect.ANSWER:  aDIFFICULTY:  EasyREFERENCES:  FinancialInstitutio

5、nsintheU.S.EconomyLEARNING OBJECTIVES:  ECON.MANK.067-Determinetheeffectofaneventontheloanablefundsmarket.TOPICS:  BondsFinancialeconomicsKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  003.26.1-MC-MANK084. Whichofthefollowingstatementsaboutthetermofabondiscorrect? a. Termrefer

6、stothevariouscharacteristicsofabond,includingitsinterestrateandtaxtreatment. b. Thetermofabondisdeterminedentirelybyitscreditrisk. c. Thetermofabondisdeterminedentirelybyhowmuchsaleschargethebuyerofthebondpayswhenheorshepurchasesthebond.CopyrightCengageLearning.PoweredbyCog

7、nero.Page 60 d. Interestratesonlong-termbondsareusuallyhigherthaninterestratesonshort-termbonds.ANSWER:  dDIFFICULTY:  ModerateREFERENCES:  FinancialInstitutionsintheU.S.EconomyLEARNING OBJECTIVES:  ECON.MANK.067-Determinetheeffectofaneventontheloanablefundsmarket.TOPICS:  

8、BondsFinancialeconomicsKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  004.26.1-MC-MAN