米什金 货币金融学 英文版习题答案chapter 8英文习题Word文件下载.docx

米什金 货币金融学 英文版习题答案chapter 8英文习题Word文件下载.docx

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Answer:

D

AACSB:

AnalyticalThinking

2）OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,loansfrombanksandotherfinancialintermediariesaccountforapproximately________ofthetotal.

A）6%

B）40%

C）56%

D）60%

C

3）OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,corporatebondsandcommercialpaperaccountforapproximately________ofthetotal.

A）5%

B）10%

C）32%

D）50%

4）OfthefollowingsourcesofexternalfinanceforAmericannonfinancialbusinesses,theleastimportantis

A）loansfrombanks.

B）stocks.

C）bondsandcommercialpaper.

D）loansfromotherfinancialintermediaries.

B

5）OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,stocksaccountforapproximately________ofthetotal.

A）2%

B）11%

C）20%

D）40%

6）Ofthefoursourcesofexternalfundingfornonfinancialbusinesses,theleastoftenusedintheU.S.is

B）nonbankloans.

C）bonds.

D）stock.

7）WhichofthefollowingstatementsconcerningexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStatesareTRUE?

A）Stocksareafarmoreimportantsourceoffinancethanarebonds.

B）Stocksandbonds,combined,supplylessthanone-halfoftheexternalfunds.

C）Financialintermediariesaretheleastimportantsourceofexternalfundsforbusinesses.

D）Since1970,morethanhalfofthenewissuesofstockhavebeensoldtoAmericanhouseholds.

ReflectiveThinking

8）WhichofthefollowingstatementsconcerningexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStatesareTRUE?

A）Issuingmarketablesecuritiesistheprimarywaythattheyfinancetheiractivities.

B）Bondsaretheleastimportantsourceofexternalfundstofinancetheiractivities.

C）Stocksarearelativelyunimportantsourceoffinancefortheiractivities.

D）SellingbondsdirectlytotheAmericanhouseholdisamajorsourceoffundingforAmericanbusinesses.

9）WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStates,whichofthefollowingareaccuratestatements?

A）MarketablesecuritiesaccountforalargershareofexternalbusinessfinancingintheUnitedStatesthaninGermanyandJapan.

B）Since1970,mostofthenewlyissuedcorporatebondsandcommercialpaperhavebeensolddirectlytoAmericanhouseholds.

C）Directfinanceaccountsformorethan50percentoftheexternalfinancingofAmericanbusinesses.

D）Smallerbusinessesalmostalwaysraisefundsbyissuingmarketablesecurities.

A

10）NonfinancialbusinessesinGermany,Japan,andCanadaraisemostoftheirfunds

A）byissuingstock.

B）byissuingbonds.

C）fromnonbankloans.

D）frombankloans.

ApplicationofKnowledge

11）Asasourceoffundsfornonfinancialbusinesses,stocksarerelativelymoreimportantin

A）theUnitedStates.

B）Germany.

C）Japan.

D）Canada.

12）Directfinanceinvolvesthesaleto________ofmarketablesecuritiessuchasstocksandbonds.

A）households

B）insurancecompanies

C）pensionfunds

D）financialintermediaries

13）Regulationofthefinancialsystem

A）occursonlyintheUnitedStates.

B）protectsthejobsofemployeesoffinancialinstitutions.

C）protectsthewealthofownersoffinancialinstitutions.

D）ensuresthestabilityofthefinancialsystem.

14）Onepurposeofregulationoffinancialmarketsisto

A）limittheprofitsoffinancialinstitutions.

B）increasecompetitionamongfinancialinstitutions.

C）promotetheprovisionofinformationtoshareholders,depositorsandthepublic.

D）guaranteethatthemaximumratesofinterestarepaidondeposits.

15）Propertythatispledgedtothelenderintheeventthataborrowercannotmakehisorherdebtpaymentiscalled

A）collateral.

B）points.

C）interest.

D）goodfaithmoney.

16）Collateralizeddebtisalsoknowas

A）unsecureddebt.

B）secureddebt.

C）unrestricteddebt.

D）promissorydebt.

Applic