金融市场与机构_(15).doc

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1、.....Chapter15WhyDoFinancialInstitutionsExist?nMultipleChoiceQuestions1.OfthefollowingsourcesofexternalfinanceforAmericannonfinancialbusinesses,theleastimportantis(a)loansfrombanks.(b)stocks.(c)bondsandcommercialpaper.(d)nonbankloans.Answer:B2.OfthefollowingsourcesofexternalfinanceforAmeri

2、cannonfinancialbusinesses,themostimportantis(a)loansfrombanks.(b)stocks.(c)bondsandcommercialpaper.(d)nonbankloans.Answer:D3.OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,bondsaccountforapproximately_________ofthetotal.(a)10percent(b)20percent(c)30percent(d)50percen

3、tAnswer:C.专业word可编辑......4.OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,stocksaccountforapproximately_________ofthetotal.(a)10percent(b)20percent(c)30percent(d)40percentAnswer:A.专业word可编辑......5.WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUn

4、itedStates,whichofthefollowingareaccuratestatements?(a)MarketablesecuritiesaccountforalargershareofexternalbusinessfinancingintheUnitedStatesthaninmostothercountries.(b)Since1970,lessthan5percentofnewlyissuedcorporatebondsandcommercialpaperhavebeensolddirectlytoAmericanhouseholds.(c)Thesto

5、ckmarketaccountedforthelargestshareofthefinancingofAmericanbusinessesinthe1970–2000period.(d)Alloftheabove.(e)Only(a)and(b)oftheabove.Answer:E6.WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStates,whichofthefollowingareaccuratestatements?(a)Directfinanceisusedin

6、lessthan5percentoftheexternalfinancingofAmericanbusinesses.(b)Onlylarge,well-establishedcorporationshaveaccesstosecuritiesmarketstofinancetheiractivities.(c)LoansfrombanksandotherfinancialintermediariesintheUnitedStatesprovidefivetimesmorefinancingofcorporateactivitiesthandostockmarkets.(d

7、)Alloftheabove.(e)Only(a)and(b)oftheabove.Answer:D7.(I)IntheUnitedStatesnonbankloansarethemostimportantsourceofexternalfundsfornonfinancialbusinesses.(II)InGermanyandJapan,issuingstocksandbondsisthemostimportantsourceofexternalfornonfinancialbusinesses.(a)(I)i