货币银行学单选题练习1-8单元资料.ppt

7) The subprime financial crisis lead to a decline in stock prices because A) of a lowered expected dividend growth rate. B) of a lowered required return on investment in equity. C) higher expected future stock prices. D) higher current dividends. 8) Increased uncertainty resulting from the subprime crisis ________ the required return on investment in equity. A) raised B) lowered C) had no impact on D) decreased CH8 29) A borrower who takes out a loan usually has better information about the potential returns and risk of the investment projects he plans to undertake than does the lender. This inequality of information is called moral hazard. B) asymmetric information. C) noncollateralized risk. D) adverse selection. 5) Of the sources of external funds for nonfinancial businesses in the United States, stocks account for approximately ________ of the total. A) 2% B) 11% C) 20% D) 40%  9) Nonfinancial businesses in Germany, Japan, and Canada raise most of their funds A) by issuing stock. B) by issuing bonds. C) from nonbank loans. D) from bank loans. 13) Property that is pledged to the lender in the event that a borrower cannot make his or her debt payment is called A) collateral. B) points. C) interest. D) good faith money. 18) If you default on your auto loan, your car will be repossessed because it has been pledged as ________ for the loan. A) interest B) collateral C) dividend D) commodity 1) The lemons problem exists because of A) transactions costs. B) economies of scale. C) rational expectations. D) asymmetric information. 33) Adverse selection is a problem associated with equity and debt contracts arising from A) the lenders relative lack of information about the borrowers potential returns and risks of his investment activities. B) the lenders inability to legally require sufficient collateral to cover a 100% loss if the borrower defaults. C) the borrowers lack of incentive to seek a loan for highly risky inve