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米什金货币金融学英文版习题答案chapter2英文习题
EconomicsofMoney,Banking,andFinancialMarkets,11e,GlobalEdition(Mishkin)Chapter2AnOverviewoftheFinancialSystem
2.1FunctionofFinancialMarkets
1)Everyfinancialmarkethasthefollowingcharacteristic.
A)Itdeterminesthelevelofinterestrates.
B)Itallowscommonstocktobetraded.
C)Itallowsloanstobemade.
D)Itchannelsfundsfromlenders-saverstoborrowers-spenders.
Answer:D
AACSB:ReflectiveThinking
2)Financialmarketshavethebasicfunctionof
A)gettingpeoplewithfundstolendtogetherwithpeoplewhowanttoborrowfunds.
B)assuringthattheswingsinthebusinesscyclearelesspronounced.
C)assuringthatgovernmentsneedneverresorttoprintingmoney.
D)providingarisk-freerepositoryofspendingpower.
Answer:A
AACSB:ReflectiveThinking
3)Financialmarketsimproveeconomicwelfarebecause
A)theychannelfundsfrominvestorstosavers.
B)theyallowconsumerstotimetheirpurchasebetter.
C)theyweedoutinefficientfirms.
D)theyeliminatetheneedforindirectfinance.
Answer:B
AACSB:ReflectiveThinking
4)Well-functioningfinancialmarkets
A)causeinflation.
B)eliminatetheneedforindirectfinance.
C)causefinancialcrises.
D)allowtheeconomytooperatemoreefficiently.
Answer:D
AACSB:ReflectiveThinking
5)Abreakdownoffinancialmarketscanresultin
A)financialstability.
B)rapideconomicgrowth.
C)politicalinstability.
D)stableprices.
Answer:C
AACSB:ReflectiveThinking
6)Theprincipallender-saversare
A)governments.
B)businesses.
C)households.
D)foreigners.
Answer:C
AACSB:ApplicationofKnowledge
7)Whichofthefollowingcanbedescribedasdirectfinance?
A)Youtakeoutamortgagefromyourlocalbank.
B)Youborrow$2500fromafriend.
C)Youbuysharesofcommonstockinthesecondarymarket.
D)Youbuysharesinamutualfund.
Answer:B
AACSB:AnalyticalThinking
8)Assumethatyouborrow$2000at10%annualinteresttofinanceanewbusines
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