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(完整版)第二章金融体系预览(英文习题及答案)

时间：2022-11-25 23:25:25 下载该word文档

Chapter2OverviewoftheFinancialSystem
2.1SingleChoice
1Everyfinancialmarketperformsthefollowingfunction:
AItdeterminesthelevelofinterestrates.
BItallowscommonstocktobetraded.
CItallowsloanstobemade.
DItchannelsfundsfromlenders-saverstoborrowers-spenders.
2Financialmarketshavethebasicfunctionof
Abringingtogetherpeoplewithfundstolendandpeoplewhowanttoborrowfunds.
Bassuringthattheswingsinthebusinesscyclearelesspronounced.
Cassuringthatgovernmentsneedneverresorttoprintingmoney.
DbothAandBoftheabove.
EbothBandCoftheabove.

3Whichofthefollowingcanbedescribedasinvolvingdirectfinance?
AAcorporation'sstockistradedinanover-the-countermarket.
BPeoplebuysharesinamutualfund.
CApensionfundmanagerbuyscommercialpaperinthesecondarymarket.
DAninsurancecompanybuyssharesofcommonstockintheover-the-countermarkets.
ENoneoftheabove.
4Whichofthefollowingcanbedescribedasinvolvingdirectfinance?
AAcorporation'sstockistradedinanover-the-countermarket.
BAcorporationbuyscommercialpaperissuedbyanothercorporation.
CApensionfundmanagerbuyscommercialpaperfromtheissuingcorporation.
DBothAandBoftheabove.
EBothBandCoftheabove.

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