金融市场学双语题库及答案第二章米什金金融市场与机构.docx

金融市场学双语题库及答案第二章米什金金融市场与机构.docx

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金融市场学双语题库及答案第二章米什金金融市场与机构

FinancialMarketsandInstitutions,8e（Mishkin）

Chapter2OverviewoftheFinancialSystem

2.1MultipleChoice

1）Everyfinancialmarketperformsthefollowingfunction:

A）Itdeterminesthelevelofinterestrates.

B）Itallowscommonstocktobetraded.

C）Itallowsloanstobemade.

D）Itchannelsfundsfromlenders-saverstoborrowers-spenders.

Answer:

D

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

2）Financialmarketshavethebasicfunctionof

A）bringingtogetherpeoplewithfundstolendandpeoplewhowanttoborrowfunds.

B）assuringthattheswingsinthebusinesscyclearelesspronounced.

C）assuringthatgovernmentsneedneverresorttoprintingmoney.

D）bothAandBoftheabove.

E）bothBandCoftheabove.

Answer:

A

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

3）Whichofthefollowingcanbedescribedasinvolvingdirectfinance?

A）Acorporation'sstockistradedinanover-the-countermarket.

B）Peoplebuysharesinamutualfund.

C）Apensionfundmanagerbuyscommercialpaperinthesecondarymarket.

D）Aninsurancecompanybuyssharesofcommonstockintheover-the-countermarkets.

E）Noneoftheabove.

Answer:

E

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

4）Whichofthefollowingcanbedescribedasinvolvingdirectfinance?

A）Acorporation'sstockistradedinanover-the-countermarket.

B）Acorporationbuyscommercialpaperissuedbyanothercorporation.

C）Apensionfundmanagerbuyscommercialpaperfromtheissuingcorporation.

D）BothAandBoftheabove.

E）BothBandCoftheabove.

Answer:

B

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

5）Whichofthefollowingcanbedescribedasinvolvingindirectfinance?

A）Acorporationtakesoutloansfromabank.

B）Peoplebuysharesinamutualfund.

C）Acorporationbuyscommercialpaperinasecondarymarket.

D）Alloftheabove.

E）OnlyAandBoftheabove.

Answer:

E

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

6）Whichofthefollowingcanbedescribedasinvolvingindirectfinance?

A）AbankbuysaU.S.Treasurybillfromoneofitsdepositors.

B）Acorporationbuyscommercialpaperissuedbyanothercorporation.

C）Apensionfundmanagerbuyscommercialpaperintheprimarymarket.

D）BothAandCoftheabove.

Answer:

D

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

7）Financialmarketsimproveeconomicwelfarebecause

A）theyallowfundstomovefromthosewithoutproductiveinvestmentopportunitiestothosewhohavesuchopportunities.

B）theyallowconsumerstotimetheirpurchasesbetter.

C）theyweedoutinefficientfirms.

D）theydoalloftheabove.

E）theydoAandBoftheabove.

Answer:

E

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

8）Acountrywhosefinancialmarketsfunctionpoorlyislikelyto

A）efficientlyallocateitscapitalresources.

B）enjoyhighproductivity.

C）experienceeconomichardshipandfinancialcrises.

D）increaseitsstandardofliving.

Answer:

C

Topic:

Chapter2.1FunctionofFinancialMarkets

QuestionStatus:

PreviousEdition

9）Whichofthefollowingaresecurities?

A）Acertificateofdeposit

B）AshareofTexacocommonstock

C）ATreasurybill

D）Alloftheabove

E）OnlyAandBoftheabove

Answer:

D

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

10）Whichofthefollowingstatementsaboutthecharacteristicsofdebtandequityaretrue?

A）Theybothcanbelong-termfinancialinstruments.

B）Theybothinvolveaclaimontheissuer'sincome.

C）Theybothenableacorporationtoraisefunds.

D）Alloftheabove.

E）OnlyAandBoftheabove.

Answer:

D

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

11）Themoneymarketisthemarketinwhich________aretraded.

A）newissuesofsecurities

B）previouslyissuedsecurities

C）short-termdebtinstruments

D）long-termdebtandequityinstruments

Answer:

C

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

12）Long-termdebtandequityinstrumentsaretradedinthe________market.

A）primary

B）secondary

C）capital

D）money

Answer:

C

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

13）Whichofthefollowingareprimarymarkets?

A）TheNewYorkStockExchange

B）TheU.S.governmentbondmarket

C）Theover-the-counterstockmarket

D）Theoptionsmarkets

E）Noneoftheabove

Answer:

E

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

14）Whichofthefollowingaresecondarymarkets?

A）TheNewYorkStockExchange

B）TheU.S.governmentbondmarket

C）Theover-the-counterstockmarket

D）Theoptionsmarkets

E）Alloftheabove

Answer:

E

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

15）Acorporationacquiresnewfundsonlywhenitssecuritiesaresoldinthe

A）secondarymarketbyaninvestmentbank.

B）primarymarketbyaninvestmentbank.

C）secondarymarketbyastockexchangebroker.

D）secondarymarketbyacommercialbank.

Answer:

B

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

16）Intermediarieswhoareagentsofinvestorsandmatchbuyerswithsellersofsecuritiesarecalled

A）investmentbankers.

B）traders.

C）brokers.

D）dealers.

E）noneoftheabove.

Answer:

C

Topic:

Chapter2.4FunctionofFinancialIntermediaries:

IndirectFinance

QuestionStatus:

PreviousEdition

17）Intermediarieswholinkbuyersandsellersbybuyingandsellingsecuritiesatstatedpricesarecalled

A）investmentbankers.

B）traders.

C）brokers.

D）dealers.

E）noneoftheabove.

Answer:

D

Topic:

Chapter2.4FunctionofFinancialIntermediaries:

IndirectFinance

QuestionStatus:

PreviousEdition

18）Animportantfinancialinstitutionthatassistsintheinitialsaleofsecuritiesintheprimarymarketisthe

A）investmentbank.

B）commercialbank.

C）stockexchange.

D）brokeragehouse.

Answer:

A

Topic:

Chapter2.5TypesofFinancialIntermediaries

QuestionStatus:

PreviousEdition

19）Whichofthefollowingstatementsaboutfinancialmarketsandsecuritiesaretrue?

A）Mostcommonstocksaretradedover-the-counter,althoughthelargestcorporationshavetheirsharestradedatorganizedstockexchangessuchastheNewYorkStockExchange.

B）Acorporationacquiresnewfundsonlywhenitssecuritiesaresoldintheprimarymarket.

C）Moneymarketsecuritiesareusuallymorewidelytradedthanlonger-termsecuritiesandsotendtobemoreliquid.

D）Alloftheabovearetrue.

E）OnlyAandBoftheabovearetrue.

Answer:

D

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

20）Whichofthefollowingstatementsaboutfinancialmarketsandsecuritiesaretrue?

A）Abondisalong-termsecuritythatpromisestomakeperiodicpaymentscalleddividendstothefirm'sresidualclaimants.

B）Adebtinstrumentisintermediatetermifitsmaturityislessthanoneyear.

C）Adebtinstrumentislongtermifitsmaturityistenyearsorlonger.

D）Thematurityofadebtinstrumentisthetime（term）thathaselapsedsinceitwasissued.

Answer:

C

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

21）Whichofthefollowingstatementsaboutfinancialmarketsandsecuritiesaretrue?

A）Fewcommonstocksaretradedover-the-counter,althoughtheover-the-countermarketshavegrowninrecentyears.

B）Acorporationacquiresnewfundsonlywhenitssecuritiesaresoldintheprimarymarket.

C）Capitalmarketsecuritiesareusuallymorewidelytradedthanlonger-termsecuritiesandsotendtobemoreliquid.

D）Alloftheabovearetrue.

E）OnlyAandBoftheabovearetrue.

Answer:

B

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

22）Whichofthefollowingmarketsissometimesorganizedasanover-the-countermarket?

A）Thestockmarket

B）Thebondmarket

C）Theforeignexchangemarket

D）Thefederalfundsmarket

E）alloftheabove

Answer:

E

Topic:

Chapter2.2StructureofFinancialMarkets

QuestionStatus:

PreviousEdition

23）Bondsthataresoldinaforeigncountryandaredenominatedinthatcountry'scurrencyareknownas

A）foreignbonds.

B）Eurobonds.

C）Eurocurrencies.

D）Eurodollars.

Answer:

A

Topic:

Chapter2.3InternationalizationofFinancialMarkets

QuestionStatus:

PreviousEdition

24）Bondsthataresoldinaforeigncountryandaredenominatedinacurrencyotherthanthatofthecountryinwhichtheyaresoldareknownas

A）foreignbonds.

B）Eurobonds.

C）Eurocurrencies.

D）Eurodollars.

Answer:

B

Topic:

Chapter2.3InternationalizationofFinancialMarkets

QuestionStatus:

PreviousEdition

25）Financialintermediaries

A）existbecausetherearesubstantialinformationandtransactioncostsintheeconomy.

B）improvethelotofthesmallsaver.

C）areinvolvedintheprocessofindirectfinance.

D）doalloftheabove.

E）doonlyAandBoftheabove.

Answer:

D

Topic:

Chapter2.4FunctionofFinancialIntermediaries:

IndirectFinance

QuestionStatus:

PreviousEdition

26）Themainsourcesoffinancingforbusinesses,inorderofimportance,are

A）financialintermediaries,issuingbonds,issuingstocks.

B）issuingbonds,issuingstocks,financialintermediaries.

C）issuingstocks,issuingbonds,financialintermediaries.

D）issuingstocks,financialintermediaries,issuingbonds.

Answer:

A

Topic:

Chapter2.4FunctionofFinancialIntermediaries:

IndirectFinance

QuestionStatus:

Previous