货币银行学单选题练习1-8单元

CH2
10) Which of the following can be described as involving direct finance? A) A corporation issues new shares of stock. B) A corporation buys commercial paper issued by another corporation. C) A pension fund manager buys commercial paper from the issuing corporation. D) All of the above. E) Both (b) and (c) of the above.
26) 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.
31) Budgets deficits can be a concern because they might A) ultimately lead to higher inflation. B) lead to a higher rate of money growth. C) lead to higher interest rates. D) cause all of the above to occur.
39) Which of the following instruments are traded in a money market? • Bank commercial loans B) Banker's acceptances C) State and local government bonds D) Residential mortgages.
37) Which of the following instruments is not traded in a money market? A) Banker's acceptances B) U.S. Treasury Bills C) Eurodollars D) Commercial paper E) Residential mortgages
29) The stock market is important because A) it is where interest rates are determined. B) it is the most widely followed financial market in the United States. C) it is where foreign exchange rates are determined. D) all of பைடு நூலகம்he above.
65) Federal funds are A) funds raised by the federal government in the bond market. B) loans made by the Federal Reserve System to banks. C) loans made by banks to the Federal Reserve System. D) loans made by banks to each other. E) none of the above.
75) From 1980 to early 1985 the dollar _____ in value, thereby, benefiting American _____. A) appreciated; consumers B) appreciated, businesses C) depreciated; consumers D) depreciated, businesses
51) Compared to interest rates on long-term U.S. government bonds, interest rates on _____ fluctuate more and are lower on average. A) medium-quality corporate bonds B) low-quality corporate bonds C) high-quality corporate bonds D) three-month Treasury bills E) none of the above
24) Compared to fifty years ago, A) small savers have more options for what they can do with their savings. B) small savers have fewer options for what they can do with their savings. C) small savers are likely to put their savings in a savings account at a commercial bank. D) small savers are likely to put their savings in a savings account at a savings and loan.
62) A rising stock market index due to higher share prices A) increases people's wealth and as a result may increase their willingness to spend. B) increases the amount of funds that business firms can raise by selling newly-issued stock. C) decreases the amount of funds that business firms can raise by selling newly-issued stock. D) both (a) and (b) of the above.
24) Which of the following are long-term financial instruments? A) A negotiable certificate of deposit B) A banker's acceptance C) A U.S. Treasury bond D) A U.S. Treasury bill
34) Everything else constant, a stronger dollar will mean that A) vacationing in England becomes more expensive. B) vacationing in England becomes less expensive. C) French cheese becomes more expensive. D) Japanese cars become more expensive.
45) Banks, savings and loan associations, mutual savings banks, and credit unions A) link those who want to save with these who want to invest. B) play an important role in determining the quantity of money in the economy. C) have been adept at innovating in response to changes in the regulatory environment. D) all of the above. E) only (a) and (c) of the above.
82) An important financial institution that assists in the initial sale of securities in the primary market is the • investment bank. B) commercial bank. C) stock exchange. D) brokerage house.
CH1
1)Financial markets and institutions A) involve the movement of huge flows of money. B) affect the profits of businesses. C) affect the types of goods and services produced in an economy. D) do each of the above. E) do only (a) and (b) of the above.
28) Which of the following are intermediateterm financial instruments? A) A banker's acceptance B) A share of Walt Disney Corporation stock C) A Treasury note with a maturity of four years D) Each of the above
77) Which of the following statements about financial markets and securities are true? A) A bond is a debt security that promises to make payments for a specified period of time. B) The maturity of a debt instrument is the time (term) to that instrument's expiration date. C) A debt instrument is short term if its maturity is less than one year. D) All of the above are true.
27) The bond markets are important because A) they are easily the most widely followed financial markets in the United States. B) they are the markets where foreign exchange rates are determined. C) they are the markets where interest rates are determined. D) of each of the above. E) of only (a) and (b) of the above.
33) The price of one country's currency in terms of another's is called A) the exchange rate. B) the interest rate. C) the Dow Jones industrial average. D) none of the above.