macro chapter 9 testquestions宏观经济学答案

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1、MACROCHAPTER9TESTQUESTIONSMoney,Prices,andtheFinancialSystem MultipleChoiceQuestions 1. IntheUnitedStatessavingisallocatedtoitsmostproductiveuseby: A. theFederalReserve.B. theFederal,state,andlocalgovernments.C. regulationsandlawsdesignedtoimproveproductivity.D. adecentralized,market-orientedfinan

2、cialsystem. 2. Decentralizedmarket-basedfinancialsystemsimprovetheallocationofsavingby: A. insuringcapitalgainsexceeddividendpayments.B. eliminatingtheneedforcommercialbanksorotherfinancialintermediaries.C. matchingnetcapitalinflowstonetcapitaloutflows.D. providinginformationandrisk-sharingservice

3、s. 3. Thefinancialsystemconsistsoffinancial_____,suchascommercialbanks,andfinancial_____,suchasthestockmarket. A. markets;intermediariesB. allocations;investmentsC. intermediaries;marketsD. markets;institutions 4. Firmsthatextendcredittoborrowersusingfundsfromsaversarecalled: A. bonddealers.B. sto

4、ckbrokers.C. centralbanks.D. financialintermediaries. 5. Thespecializedinformation-gatheringactivitiesthatbanksusetoevaluateborrowersareanexampleofthe: A. cost-benefitprinciple.B. principleofcomparativeadvantage.C. scarcityprinciple.D. principleofincreasingopportunitycost. 6. Privately-ownedfirmst

5、hatacceptdepositsfromindividualsandbusinessesandusethosedepositstomakeloansarecalled: A. mortgagebanks.B. brokeragefirms.C. commercialbanks.D. investmentbanks. 7. Bankshelpsaversfindproductiveusesfortheirfundsbecausebankshavespecializedin: A. gatheringinformationaboutandevaluatingpotentialborrower

6、s.B. obtainingpreferentialtaxtreatmentforsavers.C. securinggovernmentguaranteesforloans.D. evaluatingtheriskinessofstocks. 8. Financialintermediaries,suchascommercialbanks,helpborrowers,particularlysmallborrowers,by: A. providinginformationtoevaluatepotentiallenders.B. offeringtax-preferredborrowi

7、ngopportunities.C. eliminatingtheriskofborrowing.D. providingcreditthatmightotherwisenotbeavailable. 9. Saversmayprefertousefinancialintermediariesratherthanlendingdirectlytoborrowersbecausefinancialintermediarie