The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 11

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter11EconomicAnalysisofFinancialRegulation11.1AsymmetricInformationandFinancialRegulation1)DepositorslackofinformationaboutthequalityofbankassetscanleadtoA)bankpanics.B)bankbooms.C)sequencing.D)assettransformation.Answe

2、r:AQuesStatus:PreviousEditionAACSB:Analyticskills2)Thefactthatbanksoperateona"sequentialserviceconstraint"meansthatA)alldepositorsshareequallyinthebank'sfundsduringacrisis.B)depositorsarrivinglastarejustaslikelytoreceivetheirfundsasthosearrivingfirst.C)depositorsarrivingfirs

3、thavethebestchanceofwithdrawingtheirfunds.D)banksrandomlyselectthedepositorswhowillreceivealloftheirfunds.Answer:CQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills3)DepositorshaveastrongincentivetoshowupfirsttowithdrawtheirfundsduringabankcrisisbecausebanksoperateonaA

4、)last-in,first-outconstraint.B)sequentialserviceconstraint.C)double-coincidenceofwantsconstraint.D)everyone-shares-equallyconstraint.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills4)Becauseofasymmetricinformation,thefailureofonebankcanleadtorunsonotherbanks.

5、ThisistheA)too-big-to-faileffect.B)moralhazardproblem.C)adverseselectionproblem.D)contagioneffect.Answer:DQuesStatus:PreviousEditionAACSB:Analyticskills25Copyright©2013PearsonEducation,Inc.5)ThecontagioneffectreferstothefactthatA)depositinsurancehaseliminatedtheproblemofbank

6、failures.B)bankrunsinvolveonlysoundbanks.C)bankrunsinvolveonlyinsolventbanks.D)thefailureofonebankcanhastenthefailureofotherbanks.Answer:DQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills6)Duringtheboomyearsofthe1920s,bankfailureswerequiteA)uncommon,averaginglessthan3

7、0peryear.B)uncommon,averaginglessthan100peryear.C)common,averagingabout600peryear.D)common,averagingabout1000peryear.Answer:CQuesStatus:PreviousEdition7)Topreventbankrunsandtheconsequentbankfailures,theUnitedStatesestablishedthe________in1934toprovidedepositinsurance.A)FDICB

8、)SECC)FederalReserveD)ATMAnswer:AQuesStatus:PreviousEdition8)Theprimarydiff