Test Bank for Economics of Money, Banking and Financial Markets, The, Business School Edition, 5th Edition by Mishkin



Chapter 1

Why Study Money, Banking, and Financial Markets?

1.1 Why Study Financial Markets?

1) Financial markets promote economic efficiency by

A) channeling funds from investors to savers.

B) creating inflation.

C) channeling funds from savers to investors.

D) reducing investment.

Answer: C

Ques Status: Previous Edition

2) Financial markets promote greater economic efficiency by channeling funds from ________ to

________.

A) investors; savers

B) borrowers; savers

C) savers; borrowers

D) savers; lenders

Answer: C

Ques Status: Previous Edition

3) Well-functioning financial markets promote

A) inflation.

B) deflation.

C) unemployment.

D) growth.

Answer: D

Ques Status: Previous Edition

4) A key factor in producing high economic growth is

A) eliminating foreign trade.

B) well-functioning financial markets.

C) high interest  rates.

D) stock market volatility.

Answer: B

Ques Status: New

5) Markets in which funds are transferred from those who have excess funds available to those

who have a shortage of available funds are called

A) commodity markets.

B) fund- available markets.

C) derivative exchange markets.

D) financial markets.

Answer: D

Ques Status: Previous Edition 

2   Mishkin ·  The Economics of Money, Banking, and Financial Markets,  9th Edition

6) ________ markets transfer funds from people who have an excess of available funds to people

who have a shortage.

A) Commodity

B) Fund- available

C) Financial

D) Derivative exchange

Answer: C

Ques Status: Previous Edition

7) Poorly performing financial markets can be the cause of

A) wealth.

B) poverty.

C) financial stability.

D) financial expansion.

Answer: B

Ques Status: Previous Edition

8) The bond markets are important because they are

A) easily the most widely followed financial markets in the United States.

B) the markets where foreign exchange rates are determined.

C) the markets where interest rates are determined.

D) the markets where all borrowers get their funds.

Answer: C

Ques Status: Previous Edition

9) The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental

of $100 per year) is commonly referred to as the

A) inflation rate.

B) exchange rate.

C) interest rate.

D) aggregate price level.

Answer: C

Ques Status: Previous Edition

10) Compared to interest rates on long-term  U.S. government bonds, interest  rates on three -month

Treasury bills fluctuate ________ and are ________ on average.

A) more; lower

B) less; lower

C) more; higher

D) less; higher

Answer: A

Ques Status: Previous Edition 

...







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Chapter 1

Why Study Money, Banking, and Financial Markets?

1.1 Why Study Financial Markets?

1) Financial markets promote economic efficiency by

A) channeling funds from investors to savers.

B) creating inflation.

C) channeling funds from savers to investors.

D) reducing investment.

Answer: C

Ques Status: Previous Edition

2) Financial markets promote greater economic efficiency by channeling funds from ________ to

________.

A) investors; savers

B) borrowers; savers

C) savers; borrowers

D) savers; lenders

Answer: C

Ques Status: Previous Edition

3) Well-functioning financial markets promote

A) inflation.

B) deflation.

C) unemployment.

D) growth.

Answer: D

Ques Status: Previous Edition

4) A key factor in producing high economic growth is

A) eliminating foreign trade.

B) well-functioning financial markets.

C) high interest  rates.

D) stock market volatility.

Answer: B

Ques Status: New

5) Markets in which funds are transferred from those who have excess funds available to those

who have a shortage of available funds are called

A) commodity markets.

B) fund- available markets.

C) derivative exchange markets.

D) financial markets.

Answer: D

Ques Status: Previous Edition 

2   Mishkin ·  The Economics of Money, Banking, and Financial Markets,  9th Edition

6) ________ markets transfer funds from people who have an excess of available funds to people

who have a shortage.

A) Commodity

B) Fund- available

C) Financial

D) Derivative exchange

Answer: C

Ques Status: Previous Edition

7) Poorly performing financial markets can be the cause of

A) wealth.

B) poverty.

C) financial stability.

D) financial expansion.

Answer: B

Ques Status: Previous Edition

8) The bond markets are important because they are

A) easily the most widely followed financial markets in the United States.

B) the markets where foreign exchange rates are determined.

C) the markets where interest rates are determined.

D) the markets where all borrowers get their funds.

Answer: C

Ques Status: Previous Edition

9) The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental

of $100 per year) is commonly referred to as the

A) inflation rate.

B) exchange rate.

C) interest rate.

D) aggregate price level.

Answer: C

Ques Status: Previous Edition

10) Compared to interest rates on long-term  U.S. government bonds, interest  rates on three -month

Treasury bills fluctuate ________ and are ________ on average.

A) more; lower

B) less; lower

C) more; higher

D) less; higher

Answer: A

Ques Status: Previous Edition 

...







LINK DOWNLOAD

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