米什金 货币金融学 英文版习题答案chapter 8英文习题

Economics of Money, Banking, and Financial Markets, 11e, Global Edition (Mishkin) Chapter 8 An Economic Analysis of Financial Structure

8.1 Basic Facts About Financial Structure Throughout the World

1) American businesses get their external funds primarily from

A) bank loans.

B) bonds and commercial paper issues.

C) stock issues.

D) loans from nonbank financial intermediaries.

Answer: D

AACSB: Analytical Thinking

2) Of the sources of external funds for nonfinancial businesses in the United States, loans from banks and other financial intermediaries account for approximately ________ of the total.

A) 6%

B) 40%

C) 56%

D) 60%

Answer: C

AACSB: Analytical Thinking

3) Of the sources of external funds for nonfinancial businesses in the United States, corporate bonds and commercial paper account for approximately ________ of the total.

A) 5%

B) 10%

C) 32%

D) 50%

Answer: C

AACSB: Analytical Thinking

4) Of the following sources of external finance for American nonfinancial businesses, the least important is

A) loans from banks.

B) stocks.

C) bonds and commercial paper.

D) loans from other financial intermediaries.

Answer: B

AACSB: Analytical Thinking

5) Of the sources of external funds for nonfinancial businesses in the United States, stocks account for approximately ________ of the total.

A) 2%

B) 11%

C) 20%

D) 40%

Answer: B

AACSB: Analytical Thinking

6) Of the four sources of external funding for nonfinancial businesses, the least often used in the U.S. is

A) bank loans.

B) nonbank loans.

C) bonds.

D) stock.

Answer: D

AACSB: Analytical Thinking

7) Which of the following statements concerning external sources of financing for nonfinancial businesses in the United States are TRUE?

A) Stocks are a far more important source of finance than are bonds.

B) Stocks and bonds, combined, supply less than one-half of the external funds.

C) Financial intermediaries are the least important source of external funds for businesses.

D) Since 1970, more than half of the new issues of stock have been sold to American households.

Answer: B

AACSB: Reflective Thinking

8) Which of the following statements concerning external sources of financing for nonfinancial businesses in the United States are TRUE?

A) Issuing marketable securities is the primary way that they finance their activities.

B) Bonds are the least important source of external funds to finance their activities.

C) Stocks are a relatively unimportant source of finance for their activities.

D) Selling bonds directly to the American household is a major source of funding for American businesses.

Answer: C

AACSB: Reflective Thinking

9) With regard to external sources of financing for nonfinancial businesses in the United States, which of the following are accurate statements?

A) Marketable securities account for a larger share of external business financing in the United States than in Germany and Japan.

B) Since 1970, most of the newly issued corporate bonds and commercial paper have been sold directly to American households.

C) Direct finance accounts for more than 50 percent of the external financing of American businesses.

D) Smaller businesses almost always raise funds by issuing marketable securities.

Answer: A

AACSB: Reflective Thinking

10) Nonfinancial businesses in Germany, Japan, and Canada raise most of their funds

A) by issuing stock.

B) by issuing bonds.

C) from nonbank loans.

D) from bank loans.

Answer: D

AACSB: Application of Knowledge

11) As a source of funds for nonfinancial businesses, stocks are relatively more important in

A) the United States.

B) Germany.

C) Japan.

D) Canada.

Answer: D

AACSB: Application of Knowledge

12) Direct finance involves the sale to ________ of marketable securities such as stocks and bonds.

A) households

B) insurance companies

C) pension funds

D) financial intermediaries

Answer: A

AACSB: Application of Knowledge

13) Regulation of the financial system

A) occurs only in the United States.

B) protects the jobs of employees of financial institutions.

C) protects the wealth of owners of financial institutions.

D) ensures the stability of the financial system.

Answer: D

AACSB: Reflective Thinking

14) One purpose of regulation of financial markets is to

A) limit the profits of financial institutions.

B) increase competition among financial institutions.

C) promote the provision of information to shareholders, depositors and the public.

D) guarantee that the maximum rates of interest are paid on deposits.

Answer: C

AACSB: Reflective Thinking

15) Property that is pledged to the lender in the event that a borrower cannot make his or her debt payment is called

A) collateral.

B) points.

C) interest.

D) good faith money.

Answer: A

AACSB: Application of Knowledge

16) Collateralized debt is also know as

A) unsecured debt.

B) secured debt.

C) unrestricted debt.

D) promissory debt.

Answer: B

AACSB: Application of Knowledge

17) Credit card debt is

A) secured debt.

B) unsecured debt.

C) restricted debt.

D) unrestricted debt.

Answer: B

AACSB: Application of Knowledge

18) The predominant form of household debt is

A) consumer installment debt.

B) collateralized debt.

C) unsecured debt.

D) unrestricted debt.

Answer: B

AACSB: Analytic …… 此处隐藏：23263字，全部文档内容请下载后查看。喜欢就下载吧 ……