The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 1

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter1WhyStudyMoney,Banking,andFinancialMarkets?1.1WhyStudyFinancialMarkets?1)FinancialmarketspromoteeconomicefficiencybyA)channelingfundsfrominvestorstosavers.B)creatinginflation.C)channelingfundsfromsaverstoinvest

2、ors.D)reducinginvestment.Answer:CQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills2)Financialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.A)investors;saversB)borrowers;saversC)savers;borrowersD)savers;lendersAnswer:CQuesStatus:P

3、reviousEditionAACSB:Reflectivethinkingskills3)Well-functioningfinancialmarketspromoteA)inflation.B)deflation.C)unemployment.D)growth.Answer:DQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills4)AkeyfactorinproducinghigheconomicgrowthisA)eliminatingforeigntrade.B)w

4、ell-functioningfinancialmarkets.C)highinterestrates.D)stockmarketvolatility.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills23Copyright©2013PearsonEducation,Inc.5)Marketsinwhichfundsaretransferredfromthosewhohaveexcessfundsavailabletothosewhohaveashorta

5、geofavailablefundsarecalledA)commoditymarkets.B)fund-availablemarkets.C)derivativeexchangemarkets.D)financialmarkets.Answer:DQuesStatus:PreviousEdition6)________marketstransferfundsfrompeoplewhohaveanexcessofavailablefundstopeoplewhohaveashortage.A)CommodityB)Fund-avai

6、lableC)FinancialD)DerivativeexchangeAnswer:CQuesStatus:PreviousEdition7)PoorlyperformingfinancialmarketscanbethecauseofA)wealth.B)poverty.C)financialstability.D)financialexpansion.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills8)Thebondmarketsareimport

7、antbecausetheyareA)easilythemostwidelyfollowedfinancialmarketsintheUnitedStates.B)themarketswhereforeignexchangeratesaredetermined.C)themarketswhereinterestratesaredetermined.D)themarketswhereallborrowersgettheirfunds.Answer:CQuesStatus:PreviousEditionAACSB:Reflectivet

8、hinkingskills9)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommon