Money Banking and the Financial System 3E - Hubbard - TB chapter 9

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1、Money,Banking,andtheFinancialSystem,3e(Hubbard/O'Brien)Chapter9TransactionsCosts,AsymmetricInformation,andtheStructureoftheFinancialSystem9.1TheFinancialSystemandEconomicPerformance1)Allofthefollowingarefactorsthatdeterminewhetheracountry'seconomycanprovideahighstandardoflivingforitsresidentsand

2、whetherthatstandardoflivingcanincreaseovertimeEXCEPTA)theabilityofthecountry'sbusinessestoaccumulatecapital.B)theabilityofthecountry'sbusinessestoadoptthelatesttechnology.C)theabilityofthecountry'sgovernmenttoprovidealegalframeworkthatprotectspropertyrightsandenforcescontracts.D)theabilityofthec

3、ountry'sgovernmenttoprintmoneyinresponsetohighlevelsofinflation.Answer:DDiff:1PageRef:279Topic:financialsystemObjective:Evaluatethereasonseconomistsbelieveeconomicperformancedependsonthefinancialsystem*:RecurringAACSB:ReflectiveThinking2)Inthe1790s,TreasurySecretaryAlexanderHamiltonmadeaseriesof

4、decisionsthathelpedtheUnitedStatesdevelopamodernfinancialsystem.ThesedecisionsincludedA)theContinentalCongressbeingforcedtostoppaymentsonitsbonds.B)thefederalgovernmenttakingresponsibilityforpayingoffbondsissuedbytheContinentalCongressandstategovernments.C)therequestthatstategovernmentsstoppayme

5、ntsonitsbonds.D)thenewfederalgovernment'sagreementtodefaultofbondsheldbyEuropeans.Answer:BDiff:1PageRef:279Topic:financialsystemObjective:Evaluatethereasonseconomistsbelieveeconomicperformancedependsonthefinancialsystem*:RecurringAACSB:ReflectiveThinking39Copyright©2018PearsonEducation,Inc.3)In1

6、791,CongressestablishedtheBankoftheUnitedStates,whichwassetupasaA)privatecorporationwithstocksoldtothegeneralpublic.B)privatecorporationwithstocksoldonlytofinancialinstitutions.C)publicenterprisefundedsolelybythefederalgovernment.D)publicenterprisewhichsoldlimitedquantitiesofTreasurybondsforitsi

7、nitialfunding.Answer:ADiff:1PageRef:279Topic:financialsystemObjective:Evaluatethereasonseconomistsbelieveeconomicperformancedependsonthefinancialsystem*:RecurringAACSB:ReflectiveThinking4)Inthe1790s,stockandbondmarketswerees