第二单元金融考试题西南财经大学天府学院

Financial Markets and Institutions, 7e Mishkin Chapter 2 Overview of the Financial System Multiple Choice 1 Every financial market pers the following function A It determines the level of interest rates. B It allows common stock to be traded. C It allows loans to be made. D It channels funds from lenders-savers to borrowers-spenders. Answer D 2 Financial markets have the basic function of A bringing together people with funds to lend and people who want to borrow funds. B assuring that the swings in the business cycle are less pronounced. C assuring that governments need never resort to printing money. D both A and B of the above. E both B and C of the above. Answer A 3 Which of the following can be described as involving direct finance A A corporations stock is traded in an over-the-counter market. B People buy shares in a mutual fund. C A pension fund manager buys commercial paper in the secondary market. D An insurance company buys shares of common stock in the over-the-counter markets. E None of the above. Answer E 4 Which of the following can be described as involving direct finance A A corporations stock is traded in an over-the-counter market. B A corporation buys commercial paper issued by another corporation. C A pension fund manager buys commercial paper from the issuing corporation. D Both A and B of the above. E Both B and C of the above. Answer B 5 Which of the following can be described as involving indirect finance A A corporation takes out loans from a bank. B People buy shares in a mutual fund. C A corporation buys commercial paper in a secondary market. D All of the above. E Only A and B of the above. Answer E 6 Which of the following can be described as involving indirect finance A A bank buys a . Treasury bill from one of its depositors. B A corporation buys commercial paper issued by another corporation. C A pension fund manager buys commercial paper in the primary market. D Both A and C of the above. Answer D 7 Financial markets improve economic welfare because A they allow funds to move from those without productive investment opportunities to those who have such opportunities. B they allow consumers to time their purchases better. C they weed out inefficient firms. D they do all of the above. E they do A and B of the above. Answer E 8 A country whose financial markets function poorly is likely to A efficiently allocate its capital resources. B enjoy high productivity. C experience economic hardship and financial crises. D increase its standard of living. Answer C 9 Which of the following are securities A A certificate of deposit B A share of Texaco common stock C A Treasury bill D All of the above E Only A and B of the above Answer D 10 Which of the following statements about the characteristics of debt and equity are true A They bot