第二单元金融考试题西南财经大学天府学院复习进程.docx
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第二单元金融考试题西南财经大学天府学院复习进程
FinancialMarketsandInstitutions,7e（Mishkin）
Chapter2OverviewoftheFinancialSystem
2.1MultipleChoice
1）Everyfinancialmarketperformsthefollowingfunction:
A）Itdeterminesthelevelofinterestrates.
B）Itallowscommonstocktobetraded.
C）Itallowsloanstobemade.
D）Itchannelsfundsfromlenders-saverstoborrowers-spenders.
Answer:
D
2）Financialmarketshavethebasicfunctionof
A）bringingtogetherpeoplewithfundstolendandpeoplewhowanttoborrowfunds.
B）assuringthattheswingsinthebusinesscyclearelesspronounced.
C）assuringthatgovernmentsneedneverresorttoprintingmoney.
D）bothAandBoftheabove.
E）bothBandCoftheabove.
Answer:
A
3）Whichofthefollowingcanbedescribedasinvolvingdirectfinance?
A）Acorporation'sstockistradedinanover-the-countermarket.
B）Peoplebuysharesinamutualfund.
C）Apensionfundmanagerbuyscommercialpaperinthesecondarymarket.
D）Aninsurancecompanybuyssharesofcommonstockintheover-the-countermarkets.
E）Noneoftheabove.
Answer:
E
4）Whichofthefollowingcanbedescribedasinvolvingdirectfinance?
A）Acorporation'sstockistradedinanover-the-countermarket.
B）Acorporationbuyscommercialpaperissuedbyanothercorporation.
C）Apensionfundmanagerbuyscommercialpaperfromtheissuingcorporation.
D）BothAandBoftheabove.
E）BothBandCoftheabove.Answer:
B
5）Whichofthefollowingcanbedescribedasinvolvingindirectfinance?
A）Acorporationtakesoutloansfromabank.
B）Peoplebuysharesinamutualfund.
C）Acorporationbuyscommercialpaperinasecondarymarket.
D）Alloftheabove.
E）OnlyAandBoftheabove.Answer:
E
6）Whichofthefollowingcanbedescribedasinvolvingindirectfinance?
A）AbankbuysaU.S.Treasurybillfromoneofitsdepositors.
B）Acorporationbuyscommercialpaperissuedbyanothercorporation.
C）Apensionfundmanagerbuyscommercialpaperintheprimarymarket.
D）BothAandCoftheabove.
Answer:
D
7）Financialmarketsimproveeconomicwelfarebecause
A）theyallowfundstomovefromthosewithoutproductiveinvestmentopportunitiestothosewhohavesuchopportunities.
B）theyallowconsumerstotimetheirpurchasesbetter.
C）theyweedoutinefficientfirms.
D）theydoalloftheabove.
E）theydoAandBoftheabove.
Answer:
E
8）Acountrywhosefinancialmarketsfunctionpoorlyislikelyto
A）efficientlyallocateitscapitalresources.
B）enjoyhighproductivity.
C）experienceeconomichardshipandfinancialcrises.
D）increaseitsstandardofliving.
Answer:
C
9）Whichofthefollowingaresecurities?
A）Acertificateofdeposit
B）AshareofTexacocommonstock
C）ATreasurybill
D）Alloftheabove
E）OnlyAandBoftheabove
Answer:
D
10）Whichofthefollowingstatementsaboutthecharacteristicsofdebtandequityaretrue?
A）Theybothcanbelong-termfinancialinstruments.
B）Theybothinvolveaclaimontheissuer'sincome.
C）Theybothenableacorporationtoraisefunds.
D）Alloftheabove.
E）OnlyAandBoftheabove.Answer:
D
11）Themoneymarketisthemarketinwhicharetraded.
A）newissuesofsecurities
B）previouslyissuedsecurities
C）short-termdebtinstruments
D）long-termdebtandequityinstruments
Answer:
C
12）Long-termdebtandequityinstrumentsaretradedinthemarket.
A）primary
B）secondary
C）capital
D）moneyAnswer:
C
13）Whichofthefollowingareprimarymarkets?
A）TheNewYorkStockExchange
B）TheU.S.governmentbondmarket
C）Theover-the-counterstockmarket
D）Theoptionsmarkets
E）NoneoftheaboveAnswer:
E
14）Whichofthefollowingaresecondarymarkets?
A）TheNewYorkStockExchange
B）TheU.S.governmentbondmarket
C）Theover-the-counterstockmarket
D）Theoptionsmarkets
E）AlloftheaboveAnswer:
E
15）Acorporationacquiresnewfundsonlywhenitssecuritiesaresoldinthe
A）secondarymarketbyaninvestmentbank.
B）primarymarketbyaninvestmentbank.
C）secondarymarketbyastockexchangebroker.
D）secondarymarketbyacommercialbank.
Answer:
B
16）Intermediarieswhoareagentsofinvestorsandmatchbuyerswithsellersofsecuritiesarecalled
A）investmentbankers.
B）traders.
C）brokers.
D）dealers.
E）noneoftheabove.
Answer:
C
17）Intermediarieswholinkbuyersandsellersbybuyingandsellingsecuritiesatstatedpricesarecalled
A）investmentbankers.
B）traders.
C）brokers.
D）dealers.
E）noneoftheabove.Answer:
D
18）Animportantfinancialinstitutionthatassistsintheinitialsaleofsecuritiesintheprimarymarketisthe
A）investmentbank.
B）commercialbank.
C）stockexchange.
D）brokeragehouse.
Answer:
A
19）Whichofthefollowingstatementsaboutfinancialmarketsandsecuritiesaretrue?
A）Mostcommonstocksaretradedover-the-counter,althoughthelargestcorporationshavetheirsharestradedatorganizedstockexchangessuchastheNewYorkStockExchange.
B）Acorpor
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