金融机构与市场-选择题题库 学生复习 2011

1、Chapter2Overview2.1FunctionofFinancialMarkets1.FinancialmarketshavethebasicfunctionofA)Gettingpeoplewithfundstolendtogetherwithpeoplewhowanttoborrowfunds.B)assuringthattheswingsinthebusinesscyclearelesspronounced.C)assuringthatgovernmentsneedneverresorttoprintingmoney.D)providingarisk-freerepositoryofspendingpower.Answer:A2.Whichofthefollowingcanbedescribedasdirectfinance?A)Youtakeoutamortgagefromyourlocalbank.B)Youborrow$2500fromafriend.C)Youbuysharesofcommonstockinthesecondarymarket.D)Youbuys。

2、haresinamutualfund.Answer:B3.Whichofthefollowingcanbedescribedasinvolvingindirectfinance?A)Youmakealoantoyourneighbor.B)Youbuysharesinamutualfund.C)YoubuyaU.S.TreasurybillfromtheU.S.Treasury.D)Acorporationbuysashort-termsecurityissuedbyanothercorporationintheprimarymarket.Answer:B4.Youcanborrow$5000tofinanceanewbusinessventure.Thisnewventurewillgenerateannualearningsof$251.ThemaximuminterestratethatyouwouldpayontheborrowedfundsandstillincreaseyourincomeisA)25%.B)12.5%.C)10%.D)5%.Answer:D5.With__。

3、______finance,borrowersobtainfundsfromlendersbysellingthemsecuritiesinthefinancialmarkets.A)activeB)determinedC)indirectD)directAnswer:D2.2StructureofFinancialMarkets6.Whichofthefollowingstatementsaboutthecharacteristicsofdebtandequitiesistrue?A)Theycanbothbelong-termfinancialinstruments.PDF文件使用pdfFactoryPro试用版本创建)Bondholdersareresidualclaimants.C)Theincomefrombondsistypicallymorevariablethanthatfromequities.D)Bondspaydividends.Answer:A7.Fortyorsodealersestablishamarketinthesesecuritiesbystandin。

4、greadytobuyandsellthem.A)SecondarystocksB)SurplusstocksC)U.S.governmentbondsD)CommonstocksAnswer:C8.SecondarymarketsmakefinancialinstrumentsmoreA)solid.B)vapid.C)liquid.D)risky.Answer:C9.AnimportantfinancialinstitutionthatassistsintheinitialsaleofsecuritiesintheprimarymarketistheA)investmentbank.B)commercialbank.C)stockexchange.D)brokeragehouse.Answer:A10.AcorporationacquiresnewfundsonlywhenitssecuritiesaresoldintheA)secondarymarketbyaninvestmentbank.B)primarymarketbyaninvestmentbank.C)secondary。

5、marketbyastockexchangebroker.D)secondarymarketbyacommercialbank.Answer:B11.Equityholdersareacorporation's________.Thatmeansthecorporationmustpayallofitsdebtholdersbeforeitpaysitsequityholders.A)debtorsB)brokersC)residualclaimantsD)underwritersAnswer:C12.Corporationsreceivefundswhentheirstockissoldintheprimarymarket.Whydocorporationspayattentiontowhatishappeningtotheirstockinthesecondarymarket?Answer:Theexistenceofthesecondarymarketmakestheirstockmoreliquidandthepriceinthesecondarymarketsetsthepr。

6、icethatthecorporationwouldPDF文件使用pdfFactoryPro试用版本创建)fundsraisedbythefederalgovernmentinthebondmarket.B)loansmadebytheFederalReserveSystemtobanks.C)loansmadebybankstotheFederalReserveSystem.D)loansmadebybankstoeachother.Answer:D14.Whichofthefollowinginstrumentsaretradedinamoneymarket?A)Stateandlocalgovernmentbonds.B)U.S.Treasurybills.C)Corporatebonds.D)U.S.governmentagencysecurities.Answer:B15.Whichofthefollowinginstrumentsaretradedinacapitalmarket?A)Corporatebonds.B)U.S.Treasurybills.C)Banker's。

7、acceptances.D)Repurchaseagreements.Answer:A16.U.S.Treasurybillspaynointerestbutaresoldata________.Thatis,youwillpayalowerpurchasepricethantheamountyoureceiveatmaturity.A)premiumB)collateralC)defaultD)discountAnswer:D17.Themoneymarketinstrumentsthatwerecreatedtoassistincarryingoutinternationaltradearecalled________.A)negotiableCDs.B)banker'sacceptances.C)repurchaseagreements.D)federalfunds.Answer:B2.4InternationalizationofFinancialMarkets18.Bondsthataresoldinaforeigncountryandaredenominatedinacur。

8、rencyotherthanthatofthecountryinwhichitissoldareknownasA)foreignbonds.B)Eurobonds.C)equitybonds.D)countrybonds.Answer:BPDF文件使用pdfFactoryPro试用版本创建)AtlanticdollarsB)EurodollarsC)foreigndollarsD)outsidedollarsAnswer:B2.5FunctionofFinancialIntermediaries:IndirectFinance20.IntheUnitedStates,loansfrom________arefar________importantforcorporatefinancethanaresecuritiesmarkets.A)governmentagencies;moreB)governmentagencies;lessC)financialintermediaries;moreD)financialintermediaries;lessAnswer:C21.Reducing。

9、riskthroughthepurchaseofassetswhosereturnsdonotalwaysmovetogetherisA)diversification.B)intermediation.C)intervention.D)discounting.Answer:A22.TheprocessofassettransformationreferstotheconversionofA)saferassetsintoriskyassets.B)saferassetsintosaferliabilities.C)riskyassetsintosaferassets.D)riskyassetsintoriskyliabilities.Answer:C23.Theproblemcreatedbyasymmetricinformationbeforethetransactionoccursiscalled________,whiletheproblemcreatedafterthetransactionoccursiscalled________.A)adverseselection;m。

10、oralhazardB)moralhazard;adverseselectionC)costlystateverification;free-ridingD)free-riding;costlystateverificationAnswer:A24.Becausethereisanimbalanceofinformationinalendingsituation,wemustdealwiththeproblemsofadverseselectionandmoralhazard.。