经济学原理对应练习Ch 26.doc

经济学原理对应练习Ch 26.doc

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Chapter26/Saving,Investment,andtheFinancialSystemv1125

Chapter26

Saving,Investment,andtheFinancialSystem

MultipleChoice

1. Whenopeningarestaurantyoumayneedtobuyovens,freezers,tables,andcashregisters.Economistscalltheseexpenditures

a. capitalinvestment.

b. investmentinhumancapital.

c. businessconsumptionexpenditures.

d. Noneoftheaboveiscorrect.

ANS:

A PTS:

1 DIF:

1 REF:

26-1

TOP:

Investment MSC:

Interpretive

2. WhenacountrysavesalargerportionofitsGDP,itwillhave

a. morecapitalandhigherproductivity.

b. morecapitalandlowerproductivity.

c. lesscapitalandhigherproductivity.

d. lesscapitalandlowerproductivity.

ANS:

A PTS:

1 DIF:

1 REF:

26-1

TOP:

Investment MSC:

Definitional

3. Institutionsintheeconomythathelptomatchoneperson'ssavingwithanotherperson'sinvestmentarecollectivelycalledthe

a. FederalReservesystem.

b. bankingsystem.

c. monetarysystem.

d. financialsystem.

ANS:

D PTS:

1 DIF:

1 REF:

26-1

TOP:

Financialsystem MSC:

Definitional

4. Lekeisha'sincomeexceedsherexpenditures.Lekeishaisa

a. saverwhodemandsmoneyfromthefinancialsystem.

b. saverwhosuppliesmoneytothefinancialsystem.

c. borrowerwhodemandsmoneyfromthefinancialsystem.

d. borrowerwhosuppliesmoneytothefinancialsystem.

ANS:

B PTS:

1 DIF:

2 REF:

26-1

TOP:

Supplyofloanablefunds MSC:

Definitional

5. Whichofthefollowingisnotcorrect?

a. Whenacountrysavesmore,ithasmorecapital.

b. Asupplierofloanablefundsborrowsmoney.

c. Theinterestrateadjuststobalancethequantitysuppliedofandthequantitydemandedofloanablefunds.

d. IfMarybuysequipmentforherfactory,Maryisengagingincapitalinvestment.

ANS:

B PTS:

1 DIF:

1 REF:

26-1

TOP:

Investment|Capital|Marketforloanablefunds MSC:

Definitional

6. Lucystartsherownpsychiatricpractice,butherexpenditurestoopenthepracticeexceedherincome.Lucyisa

a. saverwhodemandsmoneyfromthefinancialsystem.

b. saverwhosuppliesmoneytothefinancialsystem.

c. borrowerwhodemandsmoneyfromthefinancialsystem.

d. borrowerwhosuppliesmoneytothefinancialsystem.

ANS:

C PTS:

1 DIF:

1 REF:

26-1

TOP:

Supplyofloanablefunds MSC:

Definitional

7. Abondisa

a. financialintermediary.

b. certificateofindebtedness.

c. certificateofpartialownershipinanenterprise.

d. Noneoftheaboveiscorrect.

ANS:

B PTS:

1 DIF:

1 REF:

26-1

TOP:

Bonds MSC:

Definitional

8. Whichofthefollowingwouldbeanexampleofdirectfinance?

a. Asaverbuyssharesinamutualfund.

b. Asaverdepositsmoneyintoacreditunion.

c. Asaverbuysabondacorporationhasjustissuedsoitcanpurchasecapital.

d. Noneoftheaboveiscorrect.

ANS:

C PTS:

1 DIF:

1 REF:

26-1

TOP:

Bonds|Directfinance MSC:

Interpretive

9. Acertificateofindebtednessthatspecifiestheobligationsoftheborrowertotheholderiscalleda

a. bond.

b. stock.

c. mutualfund.

d. Alloftheabovearecorrect.

ANS:

A PTS:

1 DIF:

1 REF:

26-1

TOP:

Bonds MSC:

Definitional

10. Ifthegovernment'sexpendituresexceededitsreceipts,itwouldlikely

a. lendmoneytoabankorotherfinancialintermediary.

b. borrowmoneyfromabankorotherfinancialintermediary.

c. buybondsdirectlyfromthepublic.

d. sellbondsdirectlytothepublic.

ANS:

D PTS:

1 DIF:

2 REF:

26-1

TOP:

Bonds|Directfinance MSC:

Interpretive

11. MegasoftwantstofinancethepurchaseofnewequipmentfordevelopingsecuritysoftwarecalledDoors,buttheyhavelimitedinternalfunds.Megasoftwilllikely

a. demandloanablefundsbybuyingbonds.

b. demandloanablefundsbysellingbonds.

c. supplyloanablefundsbybuyingbonds.

d. supplyloanablefundsbysellingbonds.

ANS:

B PTS:

1 DIF:

2 REF:

26-1

TOP:

Investment|Marketforloanablefunds MSC:

Interpretive

12. SkylineChiliwantstofinancethepurchaseofnewequipmentforitsrestaurants,buttheyhavelimitedinternalfunds.Skylinewilllikely

a. demandloanablefundsbybuyingbonds.

b. demandloanablefundsbysellingbonds.

c. supplyloanablefundsbybuyingbonds.

d. supplyloanablefundsbysellingbonds.

ANS:

B PTS:

1 DIF:

2 REF:

26-1

TOP:

Investment|Marketforloanablefunds MSC:

Interpretive

13. IfProctorandGamblesellsabonditis

a. borrowingdirectlyfromthepublic.

b. borrowingindirectlyfromthepublic.

c. lendingdirectlytothepublic.

d. lendingindirectlytothepublic.

ANS:

A PTS:

1 DIF:

2 REF:

26-1

TOP:

Bonds|Directfinance MSC:

Interpretive

14. Whichofthefollowingiscorrect?

a. Thematurityofabondreferstotheamounttobepaidback.

b. Theprincipalofthebondreferstothepersonsellingthebond.

c. Abondbuyercannotsellabondbeforeitmatures.

d. Noneoftheaboveiscorrect.

ANS:

D PTS:

1 DIF:

1 REF:

26-1

TOP:

Bonds MSC:

Definitional

15. Whichofthefollowingisnotanonsensicalheadline?