The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 1

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1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter1WhyStudyMoney,Banking,andFinancialMarkets?1.1WhyStudyFinancialMarkets?1)FinancialmarketspromoteeconomicefficiencybyA)channelingfundsfrominvestorstosavers.B)creatinginflation.C)channelingfundsfromsaverstoinvestors.D)

2、reducinginvestment.Answer:CAACSB:ReflectiveThinking2)Financialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.A)investors;saversB)borrowers;saversC)savers;borrowersD)savers;lendersAnswer:CAACSB:ReflectiveThinking3)Well-functioningfinancialmarketspro

3、moteA)inflation.B)deflation.C)unemployment.D)growth.Answer:DAACSB:ReflectiveThinking4)AkeyfactorinproducinghigheconomicgrowthisA)eliminatingforeigntrade.B)well-functioningfinancialmarkets.C)highinterestrates.D)stockmarketvolatility.Answer:BAACSB:ReflectiveThinking5)Marketsinwhich

4、fundsaretransferredfromthosewhohaveexcessfundsavailabletothosewhohaveashortageofavailablefundsarecalledA)commoditymarkets.B)fund-availablemarkets.C)derivativeexchangemarkets.D)financialmarkets.Answer:DAACSB:ApplicationofKnowledge22Copyright©2016PearsonEducation,Inc.6)________mark

5、etstransferfundsfrompeoplewhohaveanexcessofavailablefundstopeoplewhohaveashortage.A)CommodityB)Fund-availableC)FinancialD)DerivativeexchangeAnswer:CAACSB:ApplicationofKnowledge7)PoorlyperformingfinancialmarketscanbethecauseofA)wealth.B)poverty.C)financialstability.D)financialexpa

6、nsion.Answer:BAACSB:ReflectiveThinking8)ThebondmarketsareimportantbecausetheyareA)easilythemostwidelyfollowedfinancialmarketsintheUnitedStates.B)themarketswhereforeignexchangeratesaredetermined.C)themarketswhereinterestratesaredetermined.D)themarketswhereallborrowersgettheirfunds

7、.Answer:CAACSB:ReflectiveThinking9)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoastheA)inflationrate.B)exchangerate.C)interestrate.D)aggregatepricelevel.Answer:CAACSB:ApplicationofKnowledge10)Comparedtointerestr

8、atesonlong-termU.S.governmentbonds,inter