chap1ALTdoc文档格式.docx
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chap1ALTdoc文档格式.docx
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B)fund-availablemarkets.
C)derivativeexchangemarkets.
D)financialmarkets.
5)________marketstransferfundsfrompeoplewhohaveanexcessofavailablefundstopeoplewhohaveashortage.
A)Commodity
B)Fund-available
C)Financial
D)Derivativeexchange
6)Poorlyperformingfinancialmarketscanbethecauseof
A)wealth.
B)poverty.
C)financialstability.
D)financialexpansion.
7)Thebondmarketsareimportantbecausetheyare
A)easilythemostwidelyfollowedfinancialmarketsintheUnitedStates.
B)themarketswhereforeignexchangeratesaredetermined.
C)themarketswhereinterestratesaredetermined.
D)themarketswhereallborrowersgettheirfunds.
8)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoasthe
A)inflationrate.
B)exchangerate.
C)interestrate.
D)aggregatepricelevel.
9)Comparedtointerestratesonlong-termU.S.governmentbonds,interestratesonthree-monthTreasurybillsfluctuate________andare________onaverage.
A)more;
lower
B)less;
C)more;
higher
D)less;
10)TheinterestrateonBaa(mediumquality)corporatebondsis________,onaverage,thanotherinterestrates,andthespreadbetweenitandotherratesbecame________inthe1970s.
A)lower;
smaller
B)lower;
larger
C)higher;
D)higher;
11)Everythingelseheldconstant,adeclineininterestrateswillcausespendingonhousingto
A)fall.
B)remainunchanged.
C)eitherrise,fall,orremainthesame.
D)rise.
12)Anincreaseininterestratesmight________savingbecausemorecanbeearnedininterestincome.
A)encourage
B)discourage
C)disallow
D)invalidate
13)Everythingelseheldconstant,anincreaseininterestratesonstudentloans
A)increasesthecostofacollegeeducation.
B)reducesthecostofacollegeeducation.
C)hasnoeffectoneducationalcosts.
D)increasescostsforstudentswithnoloans.
14)Highinterestratesmightcauseacorporationto________buildinganewplantthatwouldprovidemorejobs.
A)complete
B)consider
C)postpone
D)contemplate
15)Thestockmarketisimportantbecauseitis
A)whereinterestratesaredetermined.
B)themostwidelyfollowedfinancialmarketintheUnitedStates.
C)whereforeignexchangeratesaredetermined.
D)themarketwheremostborrowersgettheirfunds.
16)Stockpricessincethe1950shavebeen
A)relativelystabletrendingupwardatasteadypace.
B)relativelystabletrendingdownwardatamoderaterate.
C)extremelyvolatile.
D)unstabletrendingdownwardatamoderaterate.
17)Arisingstockmarketindexduetohighershareprices
A)increasespeople'
swealth,butisunlikelytoincreasetheirwillingnesstospend.
B)increasespeople'
swealthandasaresultmayincreasetheirwillingnesstospend.
C)decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.
D)decreasespeople'
18)Whenstockpricesfall
A)anindividual'
swealthisnotaffectednoristheirwillingnesstospend.
B)abusinessfirmwillbemorelikelytosellstocktofinanceinvestmentspending.
C)anindividual'
swealthmaydecreasebuttheirwillingnesstospendisnotaffected.
D)anindividual'
swealthmaydecreaseandtheirwillingnesstospendmaydecrease.
19)Changesinstockprices
A)donotaffectpeople'
swealthandtheirwillingnesstospend
B)affectfirms'
decisionstosellstocktofinanceinvestmentspending.
C)occurinregularpatterns.
D)areunimportanttodecisionmakers.
20)Anincreaseinstockprices________thesizeofpeople'
swealthandmay________theirwillingnesstospend,everythingelseheldconstant.
A)increases;
increase
B)increases;
decrease
C)decreases;
D)decreases;
21)Fearofamajorrecessioncausesstockpricestofall,everythingelseheldconstant,whichinturncausesconsumerspendingto
A)increase.
C)decrease.
D)cannotbedetermined.
22)Acommonstockisaclaimonacorporation'
s
A)debt.
B)liabilities.
C)expenses.
D)earningsandassets.
23)On________,October19,1987,themarketexperienceditsworstone-daydropinitsentirehistorywiththeDIJAfallingbymorethan500points.
A)"
TerribleTuesday"
B)"
WoefulWednesday"
C)"
FreakyFriday"
D)"
BlackMonday"
24)Thedeclineinstockpricesfrom2000through2002
A)increasedindividuals'
willingnesstospend.
B)hadnoeffectonindividualspending.
C)reducedindividuals'
D)increasedindividualwealth.
25)TheDowreachedapeakofover11,000beforethecollapseofthe________bubblein2000.
A)housing
B)manufacturing
C)high-tech
D)banking
26)Thepriceofonecountry'
scurrencyintermsofanothercountry'
scurrencyiscalledthe
A)exchangerate.
B)interestrate.
C)DowJonesindustrialaverage.
D)primerate.
27)Themarketwhereonecurrencyisconvertedintoanothercurrencyiscalledthe________market.
A)stock
B)bond
C)derivatives
D)foreignexchange
28)Everythingelseconstant,astrongerdollarwillmeanthat
A)vacationinginEnglandbecomesmoreexpensive.
B)vacationinginEnglandbecomeslessexpensive.
C)Frenchcheesebecomesmoreexpensive.
D)Japanesecarsbecomemoreexpensive.
29)Whichofthefollowingismostlikelytoresultfromastrongerdollar?
A)U.S.goodsexportedaboardwillcostlessinforeigncountries,andsoforeignerswillbuymoreofthem.
B)U.S.goodsexportedaboardwillcostmoreinforeigncountriesandsoforeignerswillbuymoreofthem.
C)U.S.goodsexportedabroadwillcostmoreinforeigncountries,andsoforeignerswillbuyfewerofthem.
D)Americanswillpurchasefewerforeigngoods.
30)Everythingelseheldconstant,aweakerdollarwilllikelyhurt
A)textileexportersinSouthCarolina.
B)wheatfarmersinMontanathatselldomestically.
C)automobilemanufacturersinMichiganthatusedomesticallyproducedinputs.
D)furnitureimportersinCalifornia.
31)Everythingelseheldconstant,astrongerdollarbenefits________andhurts________.
A)Americanbusinesses;
Americanconsumers
B)Americanbusinesses;
foreignbusinesses
C)Americanconsumers;
Americanbusinesses
D)foreignbusinesses;
32)From1980toearly1985thedollar________invalue,therebybenefitingAmerican________.
A)appreciated;
consumers
B)appreciated,businesses
C)depreciated;
D)depreciated,businesses
33)From1980to1985thedollarappreciatedrelativetotheBritishpound.Holdingeverythingelseconstant,onewouldexpectthat,whencomparedto1980,
A)fewerBritonstraveledtotheUnitedStatesin1985.
B)BritonsimportedmorewinefromCaliforniain1985.
C)AmericansexportedmorewheattoEnglandin1985.
D)moreBritonstraveledtotheUnitedStatesin1985.
34)Whenin1985aBritishpoundcostapproximately$1.30,aShetlandsweaterthatcost100Britishpoundswouldhavecost$130.Withaweakerdollar,thesameShetlandsweaterwouldhavecost
A)lessthan$130.
B)morethan$130.
C)$130,sincetheexchangeratedoesnotaffectthepricesthatAmericanconsumerspayforforeigngoods.
D)$130,sincethedemandforShetlandsweaterswilldecreasetopreventanincreaseinpriceduetothestrongerdollar.
35)Everythingelseheldconstant,adecreaseinthevalueofthedollarrelativetoallforeigncurrenciesmeansthatthepriceofforeigngoodspurchasedbyAmericans
A)increases
B)decreases.
C)remainsunchanged.
D)eitherincreases,decreases,orremainsunchanged.
36)AmericanfarmerswhosellbeeftoEuropebenefitmostfrom
A)adecreaseinthedollarpriceofeuros.
B)anincreaseinthedollarpriceofeuros.
C)aconstantdollarpriceforeuros.
D)aEuropeanbanonimportsofAmericanbeef.
37)Ifthepriceofaeuro(theEuropeancurrency)increasesfrom$1.00to$1.10,then,everythingelseheldconstant,
A)aEuropeanvacationbecomeslessexpensive.
B)aEuropeanvacationbecomesmoreexpensive.
C)thecostofaEuropeanvacationisnotaffected.
D)foreigntravelbecomesimpossible.
38)Everythingelseheldconstant,AmericanswholoveFrenchwinebenefitmostfrom
D)abanonimportsfromEurope.
39)Whatisastock?
Howdostocksaffecttheeconomy?
Answer:
Astockrepresentsashareofownershipofacorporation,oraclaimonafirm'
searnings/assets.Stocksarepartofwealth,andchangesintheirvalueaffectpeople'
swillingnesstospend.Changesinstockpricesaffectafirm'
sabilitytoraisefunds,andthustheirinvestment.
QuesStatus:
PreviousEdition
1.2WhyStudyBankingandFinancialInstitutions?
1)Channelingfundsfromindividualswithsurplus
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