money and bank test bank chap01

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1、TheEconomicsofMoney,Banking,andFinancialMarkets,9e(Mishkin)Chapter1WhyStudyMoney,Banking,andFinancialMarkets?1.1WhyStudyFinancialMarkets?1)FinancialmarketspromoteeconomicefficiencybyA)channelingfundsfrominvestorstosavers.B)creatinginflation.C)channelingfundsfromsaverstoinvestors.D)reduc

2、inginvestment.Answer:CQuesStatus:PreviousEdition2)Financialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.A)investors;saversB)borrowers;saversC)savers;borrowersD)savers;lendersAnswer:CQuesStatus:PreviousEdition3)Well-functioningfinancialmarketspromoteA)in

3、flation.B)deflation.C)unemployment.D)growth.Answer:DQuesStatus:PreviousEdition4)AkeyfactorinproducinghigheconomicgrowthisA)eliminatingforeigntrade.B)well-functioningfinancialmarkets.C)highinterestrates.D)stockmarketvolatility.Answer:BQuesStatus:New5)Marketsinwhichfundsaretransferredfrom

4、thosewhohaveexcessfundsavailabletothosewhohaveashortageofavailablefundsarecalledA)commoditymarkets.B)fund-availablemarkets.C)derivativeexchangemarkets.D)financialmarkets.Answer:DQuesStatus:PreviousEdition206)________marketstransferfundsfrompeoplewhohaveanexcessofavailablefundstopeoplewh

5、ohaveashortage.A)CommodityB)Fund-availableC)FinancialD)DerivativeexchangeAnswer:CQuesStatus:PreviousEdition7)PoorlyperformingfinancialmarketscanbethecauseofA)wealth.B)poverty.C)financialstability.D)financialexpansion.Answer:BQuesStatus:PreviousEdition8)Thebondmarketsareimportantbecauset

6、heyareA)easilythemostwidelyfollowedfinancialmarketsintheUnitedStates.B)themarketswhereforeignexchangeratesaredetermined.C)themarketswhereinterestratesaredetermined.D)themarketswhereallborrowersgettheirfunds.Answer:CQuesStatus:PreviousEdition9)Thepricepaidfortherentalofborrowedfunds(usua

7、llyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoastheA)inflationrate.B)exchangerate.C)interestrate.D)aggregatepricelevel.Answer:CQuesStatus:PreviousEdition10)Comparedtointerestratesonlong-termU.S.governmentbonds,interestratesonthree-monthTreasurybillsfluct