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

1、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Financial Markets and Institutions, 8e (Mishkin)Chapter 2 Overview of the Financial System2.1 Multiple Choice1) Every financial market performs the following function:A) It determines the level of interest rates.B) It allows common stock to be traded.C) It allows loans to be

2、 made.D) It channels funds from lenders-savers to borrowers-spenders.Answer: DTopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition2) Financial markets have the basic function ofA) bringing together people with funds to lend and people who want to borrow funds.B) assuring

3、 that the swings in the business cycle are less pronounced.C) assuring that governments need never resort to printing money.D) both A and B of the above.E) both B and C of the above.Answer: ATopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition3) Which of the following ca

4、n be described as involving direct finance?A) A corporations stock is traded in an over-the-counter market.B) People buy shares in a mutual fund.C) A pension fund manager buys commercial paper in the secondary market.D) An insurance company buys shares of common stock in the over-the-counter markets

5、.E) None of the above.Answer: ETopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition4) Which of the following can be described as involving direct finance?A) A corporations stock is traded in an over-the-counter market.B) A corporation buys commercial paper issued by anot

6、her corporation.C) A pension fund manager buys commercial paper from the issuing corporation.D) Both A and B of the above.E) Both B and C of the above.Answer: BTopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition5) Which of the following can be described as involving ind

7、irect finance?A) A corporation takes out loans from a bank.B) People buy shares in a mutual fund.C) A corporation buys commercial paper in a secondary market.D) All of the above.E) Only A and B of the above.Answer: ETopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition6)

8、Which of the following can be described as involving indirect finance?A) A bank buys a U.S. Treasury bill from one of its depositors.B) A corporation buys commercial paper issued by another corporation.C) A pension fund manager buys commercial paper in the primary market.D) Both A and C of the above

9、.Answer: DTopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition7) Financial markets improve economic welfare becauseA) they allow funds to move from those without productive investment opportunities to those who have such opportunities.B) they allow consumers to time thei

10、r purchases better.C) they weed out inefficient firms.D) they do all of the above.E) they do A and B of the above.Answer: ETopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition8) A country whose financial markets function poorly is likely toA) efficiently allocate its cap

11、ital resources.B) enjoy high productivity.C) experience economic hardship and financial crises.D) increase its standard of living.Answer: CTopic: Chapter 2.1 Function of Financial MarketsQuestion Status: Previous Edition9) Which of the following are securities?A) A certificate of depositB) A share o

12、f Texaco common stockC) A Treasury billD) All of the aboveE) Only A and B of the aboveAnswer: DTopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition10) Which of the following statements about the characteristics of debt and equity are true?A) They both can be long-term f

13、inancial instruments.B) They both involve a claim on the issuers income.C) They both enable a corporation to raise funds.D) All of the above.E) Only A and B of the above.Answer: DTopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition11) The money market is the market in w

14、hich _ are traded.A) new issues of securitiesB) previously issued securitiesC) short-term debt instrumentsD) long-term debt and equity instrumentsAnswer: CTopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition12) Long-term debt and equity instruments are traded in the _ m

15、arket.A) primaryB) secondaryC) capitalD) moneyAnswer: CTopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition13) Which of the following are primary markets?A) The New York Stock ExchangeB) The U.S. government bond marketC) The over-the-counter stock marketD) The options m

16、arketsE) None of the aboveAnswer: ETopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition14) Which of the following are secondary markets?A) The New York Stock ExchangeB) The U.S. government bond marketC) The over-the-counter stock marketD) The options marketsE) All of th

17、e aboveAnswer: ETopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition15) A corporation acquires new funds only when its securities are sold in theA) secondary market by an investment bank.B) primary market by an investment bank.C) secondary market by a stock exchange bro

18、ker.D) secondary market by a commercial bank.Answer: BTopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition16) Intermediaries who are agents of investors and match buyers with sellers of securities are calledA) investment bankers.B) traders.C) brokers.D) dealers.E) none

19、of the above.Answer: CTopic: Chapter 2.4 Function of Financial Intermediaries: Indirect FinanceQuestion Status: Previous Edition17) Intermediaries who link buyers and sellers by buying and selling securities at stated prices are calledA) investment bankers.B) traders.C) brokers.D) dealers.E) none of

20、 the above.Answer: DTopic: Chapter 2.4 Function of Financial Intermediaries: Indirect FinanceQuestion Status: Previous Edition18) An important financial institution that assists in the initial sale of securities in the primary market is theA) investment bank.B) commercial bank.C) stock exchange.D) b

21、rokerage house.Answer: ATopic: Chapter 2.5 Types of Financial IntermediariesQuestion Status: Previous Edition19) Which of the following statements about financial markets and securities are true?A) Most common stocks are traded over-the-counter, although the largest corporations have their shares tr

22、aded at organized stock exchanges such as the New York Stock Exchange.B) A corporation acquires new funds only when its securities are sold in the primary market.C) Money market securities are usually more widely traded than longer-term securities and so tend to be more liquid.D) All of the above ar

23、e true.E) Only A and B of the above are true.Answer: DTopic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition20) Which of the following statements about financial markets and securities are true?A) A bond is a long-term security that promises to make periodic payments call

24、ed dividends to the firms residual claimants.B) A debt instrument is intermediate term if its maturity is less than one year.C) A debt instrument is long term if its maturity is ten years or longer.D) The maturity of a debt instrument is the time (term) that has elapsed since it was issued.Answer: C

25、Topic: Chapter 2.2 Structure of Financial MarketsQuestion Status: Previous Edition21) Which of the following statements about financial markets and securities are true?A) Few common stocks are traded over-the-counter, although the over-the-counter markets have grown in recent years.B) A corporation

26、acquires new funds only when its securities are sold in the primary market.C) Capital market securities are usually more widely traded than longer-term securities and so tend to be more liquid.D) All of the above are true.E) Only A and B of the above are true.Answer: BTopic: Chapter 2.2 Structure of

27、 Financial MarketsQuestion Status: Previous Edition22) Which of the following markets is sometimes organized as an over-the-counter market?A) The stock marketB) The bond marketC) The foreign exchange marketD) The federal funds marketE) all of the aboveAnswer: ETopic: Chapter 2.2 Structure of Financi

28、al MarketsQuestion Status: Previous Edition23) Bonds that are sold in a foreign country and are denominated in that countrys currency are known asA) foreign bonds.B) Eurobonds.C) Eurocurrencies.D) Eurodollars.Answer: ATopic: Chapter 2.3 Internationalization of Financial MarketsQuestion Status: Previ

29、ous Edition24) Bonds that are sold in a foreign country and are denominated in a currency other than that of the country in which they are sold are known asA) foreign bonds.B) Eurobonds.C) Eurocurrencies.D) Eurodollars.Answer: BTopic: Chapter 2.3 Internationalization of Financial MarketsQuestion Sta

30、tus: Previous Edition25) Financial intermediariesA) exist because there are substantial information and transaction costs in the economy.B) improve the lot of the small saver.C) are involved in the process of indirect finance.D) do all of the above.E) do only A and B of the above.Answer: DTopic: Cha

31、pter 2.4 Function of Financial Intermediaries: Indirect FinanceQuestion Status: Previous Edition26) The main sources of financing for businesses, in order of importance, areA) financial intermediaries, issuing bonds, issuing stocks.B) issuing bonds, issuing stocks, financial intermediaries.C) issuing stocks, issuing bonds, financial intermediaries.D) issuing stocks, financial intermediaries, issuing bonds.Answer: ATopic: Chapter 2.4 Function of Financial Intermediaries: Indirect FinanceQuestion Status: Previous