金融市场与机构 (24)

《金融市场与机构 (24)》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、Chapter24RiskManagementinFinancialInstitutions313Chapter24RiskManagementinFinancialInstitutionsnMultipleChoiceQuestions1.Banksfacetheproblemof_________inloanmarketsbecausebadcreditrisksaretheonesmostlikelytoseekbankloans.(a)adverseselection(b)moralhazard(c)moralsuasion(d)intentionalfrau

2、dAnswer:A2.Ifborrowerswiththemostriskyinvestmentprojectsaremorelikelytoseekbankloansthanborrowerswiththesafestinvestmentprojects,banksfacetheproblemof(a)adversecreditrisk.(b)adverseselection.(c)moralhazard.(d)conflictofinterest.Answer:B3.Becauseborrowers,oncetheyhavealoan,aremorelikelyt

3、oinvestinhigh-riskinvestmentprojects,banksfacethe(a)adverseselectionproblem.(b)lemonproblem.(c)adversecreditriskproblem.(d)moralhazardproblem.Answer:D4.Banks’attemptstosolveadverseselectionandmoralhazardproblemshelpexplainloanmanagementprinciplessuchas(a)screeningandmonitoringofloanappl

4、icants.(b)collateralandcompensatingbalances.(c)creditrationing.(d)alloftheabove.(e)only(a)and(b)oftheabove.Answer:DChapter24RiskManagementinFinancialInstitutions3135.Inonesense,_________appearssurprisingsinceitmeansthatthebankisnot_________itsportfolioofloansandthusisexposingitselftomor

5、erisk.(a)specializationinlending;diversifying(b)specializationinlending;rationing(c)creditrationing;diversifying(d)screening;rationingAnswer:A6.Fromthestandpointof_________,specializationinlendingissurprisingbutmakesperfectsensewhenoneconsidersthe_________problem.(a)moralhazard;diversif

6、ication(b)diversification;moralhazard(c)adverseselection;diversification(d)diversification;adverseselectionAnswer:D7.Provisionsinloancontractsthatproscribeborrowersfromengaginginspecifiedriskyactivitiesarecalled(a)proscriptionbonds.(b)collateralclauses.(c)restrictivecovenants.(d)liens.A

7、nswer:C8.Banksattempttoscreengoodfrombadcreditriskstoreducetheincidenceofloandefaults.Todothis,banks(a)specializeinlendingtocertainindustriesorregions.(b)writerestrictivecovenantsintoloancontracts.(c)expendresourcestoacquireaccuratecredithistoriesoftheirpotentialloancustomers.(