MACRO CHAPTER 9 TESTQUESTIONS宏观经济学答案.docx

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1、MACROCHAPTER9TESTQUESTIONSMoney,Prices,andtheFinancialSystem MultipleChoiceQuestions 1. IntheUnitedStatessavingisallocatedtoitsmostproductiveuseby: A. theFederalReserve.B. theFederal,state,andlocalgovernments.C. regulationsandlawsdesignedtoimproveproduc

2、tivity.D. adecentralized,market-orientedfinancialsystem. 2. Decentralizedmarket-basedfinancialsystemsimprovetheallocationofsavingby: A. insuringcapitalgainsexceeddividendpayments.B. eliminatingtheneedforcommercialbanksorotherfinancialintermediaries.C. m

3、atchingnetcapitalinflowstonetcapitaloutflows.D. providinginformationandrisk-sharingservices. 3. Thefinancialsystemconsistsoffinancial_____,suchascommercialbanks,andfinancial_____,suchasthestockmarket. A. markets;intermediariesB. allocations;investmentsC

4、. intermediaries;marketsD. markets;institutions 4. Firmsthatextendcredittoborrowersusingfundsfromsaversarecalled: A. bonddealers.B. stockbrokers.C. centralbanks.D. financialintermediaries. 5. Thespecializedinformation-gatheringactivitiesthatbanksusetoev

5、aluateborrowersareanexampleofthe: A. cost-benefitprinciple.B. principleofcomparativeadvantage.C. scarcityprinciple.D. principleofincreasingopportunitycost. 6. Privately-ownedfirmsthatacceptdepositsfromindividualsandbusinessesandusethosedepositstomakeloa

6、nsarecalled: A. mortgagebanks.B. brokeragefirms.C. commercialbanks.D. investmentbanks. 7. Bankshelpsaversfindproductiveusesfortheirfundsbecausebankshavespecializedin: A. gatheringinformationaboutandevaluatingpotentialborrowers.B. obtainingpreferentialta

7、xtreatmentforsavers.C. securinggovernmentguaranteesforloans.D. evaluatingtheriskinessofstocks. 8. Financialintermediaries,suchascommercialbanks,helpborrowers,particularlysmallborrowers,by: A. providinginformationtoevaluatepotentiallenders.B. offeringtax

8、-preferredborrowingopportunities.C. eliminatingtheriskofborrowing.D. providingcreditthatmightotherwisenotbeavailable. 9. Saversmayprefertousefinancialintermediariesratherthanlendingdirectlytoborrowersbecausefinancialintermediarie