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1、Chapter!1Why!Study!Money,!Banking,!and!Financial!Markets?1.1Why!Study!Financial!Markets?1)Financial!markets!promote!economic!efficiency!byA)channeling!funds!from!investors!to!savers.B)creating!inflation.C)channeling!funds!from!savers!to!investors.D)reducing!investment.Ans
2、wer:CQues!Status:!Revised2)Financial!markets!promote!greater!economic!efficiency!by!channeling!funds!from!________!to________.A)investors;!saversB)borrowers;!saversC)savers;!borrowersD)savers;!lendersAnswer:CQues!Status:!New3)Well-functioning!financial!markets!promoteA)in
3、flation.B)deflation.C)unemployment.D)growth.Answer:DQues!Status:!Revised4)Markets!in!which!funds!are!transferred!from!those!who!have!excess!funds!available!to!thosewho!have!a!shortage!of!available!funds!are!calledA)commodity!markets.B)fund-available!markets.C)derivative!e
4、xchange!markets.D)financial!markets.Answer:DQues!Status:!Previous!Edition2!!!!!!!Mishkin!!·Economics!of!Money,!Banking,!and!Financial!Markets,!Alternate!Edition5)________!markets!transfer!funds!from!people!who!have!an!excess!of!available!funds!to!peoplewho!have!a!shortage
5、.A)CommodityB)Fund-availableC)FinancialD)Derivative!exchangeAnswer:CQues!Status:!New6)Poorly!performing!financial!markets!can!be!the!cause!ofA)wealth.B)poverty.C)financial!stability.D)financial!expansion.Answer:BQues!Status:!Revised7)The!bond!markets!are!important!because
6、!they!areA)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:CQues!Status:!Revised8)Th
7、e!price!paid!for!the!rental!of!borrowed!funds!(usually!expressed!as!a!percentage!of!therental!of!$100!per!year)!is!commonly!referred!to!as!theA)inflation!rate.B)exchange!rate.C)interest!rate.D)aggregate!price!level.Answer:CQues!Status:!Previous!EditionChapter!1!!!Why!Stud
8、y!Money,!Banking,!and!Financial!Markets?!!!!!!!39)Compared!to!interest!rates!on!long-term!U.S.!g