金融市场与机构 (16)

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1、Chapter16WhatShouldWeDoAboutConflictsofInterestintheFinancialIndustry?211Chapter16WhatShouldWeDoAboutConflictsofInterestintheFinancialIndustry?nMultipleChoiceQuestions1.Economiesofscoperefertocostsavingsthatarisewhenthe(a)sizeoffinancialtransactionsincrease.(b)s

2、izeoffinancialtransactionsdecrease.(c)numberofdifferentactivitiesundertakenincreases.(d)numberofdifferentactivitiesundertakendecreases.Answer:C2.Afinancialinstitutioncanachievecostsavingsbyengaginginmultipleactivities.Thesearecalledeconomiesof(a)scope.(b)scale.(

3、c)complexity.(d)information.Answer:A3.Afinancialinstitutioncanachievecostsavingsinitscreditcardoperationsifitincreasesthenumberofcardholders.Thisisanexampleofeconomiesof(a)scope.(b)scale.(c)complexity.(d)information.Answer:B4.Whichcombinationofactivitieswithinas

4、inglefinancialinstitutionisleastlikelytoleadtoconflictsofinterest?(a)auditingandmanagementadvisoryservices(b)commercialbankingandinvestmentbanking(c)assessmentofcreditqualityandconsulting(d)consumerlendingandbusinesslendingAnswer:DChapter16WhatShouldWeDoAboutCon

5、flictsofInterestintheFinancialIndustry?2115.Conflictsofinterestposeaproblembecausethey(a)lowerthequalityofinformation.(b)increaseproblemsofasymmetricinformation.(c)makethefinancialsystemlessefficient.(d)doalloftheabove.Answer:D6.Anadvantageofprovidingmultiplefin

6、ancialserviceswithinonefinancialinstitutionisthatit(a)lowersinformationcosts.(b)developsbroaderlong-termrelationshipswithcustomers.(c)both(a)and(b).(d)noneoftheabove.Answer:C7.Aconflictofinterestoccurswhen(a)afinancialfirmsellsaservicetoitscustomersforapricethat

7、exceedsthecostofproducingtheservice.(b)lenderspreferhigherinterestratesandborrowerspreferlowerinterestrates.(c)riskierborrowersaretheoneswhoaremorelikelytoapplyforloans.(d)peopleexpectedtoprovidereliableinformationtothepublichaveincentivesnottodoso.Answer:D8.Aco

8、nflictofinterestbetweenprovidingimpartialresearchaboutcompaniesissuingsecuritiesandsellingthosesamesecuritiesarisesin(a)investmentbanking.(b)commercialbanking.(c)acco