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Chapter15WhyDoFinancialInstitutionsExist?MultipleChoiceQuestions1.OfthefollowingsourcesofexternalfinanceforAmericannonfinancialbusinesses,theleastimportantis矚慫润厲钐瘗睞枥庑赖。(a)loansfrombanks.(b)stocks.(c)bondsandcommercialpaper.(d)nonbankloans.Answer:B2.OfthefollowingsourcesofexternalfinanceforAmericannonfinancialbusinesses,themostimportantis聞創沟燴鐺險爱氇谴净。(a)loansfrombanks.(b)stocks.(c)bondsandcommercialpaper.(d)nonbankloans.Answer:D3.OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,bondsaccountforapproximately_________ofthetotal.残骛楼諍锩瀨濟溆塹籟。(a)10percent(b)20percent(c)30percent(d)50percentAnswer:C4.OfthesourcesofexternalfundsfornonfinancialbusinessesintheUnitedStates,stocksaccountforapproximately_________ofthetotal.酽锕极額閉镇桧猪訣锥。(a)10percent(b)20percent(c)30percent(d)40percentAnswer:A186Mishkin/Eakins?FinancialMarketsandInstitutions,FifthEdition5.WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStates,whichofthefollowingareaccuratestatements?彈贸摄尔霁毙攬砖卤庑。(a)MarketablesecuritiesaccountforalargershareofexternalbusinessfinancingintheUnitedStatesthaninmostothercountries.謀荞抟箧飆鐸怼类蒋薔。(b)Since1970,lessthan5percentofnewlyissuedcorporatebondsandcommercialpaperhavebeensolddirectlytoAmericanhouseholds.厦礴恳蹒骈時盡继價骚。(c)ThestockmarketaccountedforthelargestshareofthefinancingofAmericanbusinessesinthe1970–2000period.茕桢广鳓鯡选块网羈泪。(d)Alloftheabove.(e)Only(a)and(b)oftheabove.Answer:E6.WithregardtoexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStates,whichofthefollowingareaccuratestatements?鹅娅尽損鹌惨歷茏鴛賴。(a)Directfinanceisusedinlessthan5percentoftheexternalfinancingofAmericanbusinesses.籟丛妈羥为贍偾蛏练淨。(b)Onlylarge,well-establishedcorporationshaveaccesstosecuritiesmarketstofinancetheiractivities.預頌圣鉉儐歲龈讶骅籴。(c)LoansfrombanksandotherfinancialintermediariesintheUnitedStatesprovidefivetimesmorefinancingofcorporateactivitiesthandostockmarkets.渗釤呛俨匀谔鱉调硯錦。(d)Alloftheabove.(e)Only(a)and(b)oftheabove.Answer:D7.(I)IntheUnitedStatesnonbankloansarethemostimportantsourceofexternalfundsfornonfinancialbusinesses.(II)InGermanyandJapan,issuingstocksandbondsisthemostimportantsourceofexternalfornonfinancialbusinesses.铙誅卧泻噦圣骋贶頂廡。(a)(I)istrue,(II)false.(b)(I)isfalse,(II)true.(c)Botharetrue.(d)Botharefalse.Answer:A8.Whichofthefollowingisnotoneoftheeightbasicfactsaboutfinancialstructure?擁締凤袜备訊顎轮烂蔷。(a)Debtcontractsaretypicallyextremelycomplicatedlegaldocumentsthatplacesubstantialrestrictionsonthebehavioroftheborrower.贓熱俣阃歲匱阊邺镓騷。(b)Indirectfinance,whichinvolvestheactivitiesoffinancialintermediaries,ismanytimesmoreimportantthandirectfinance,inwhichbusinessesraisefundsdirectlyfromlendersinfinancialmarkets.坛摶乡囂忏蒌鍥铃氈淚。(c)Collateralisaprevalentfeatureofdebtcontractsforbothhouseholdsandbusiness.蜡變黲癟報伥铉锚鈰赘。(d)Newsecurityissuesarethemostimportantsourceofexternalfundstofinancebusinesses.買鲷鴯譖昙膚遙闫撷凄。Answer:DChapter15WhyDoFinancialInstitutionsExist?1879.Whichofthefollowingisnotoneoftheeightbasicfactsaboutfinancialstructure?綾镝鯛駕櫬鹕踪韦辚糴。(a)Thefinancialsystemisamongthemostheavilyregulatedsectorsoftheeconomy.驅踬髏彦浃绥譎饴憂锦。(b)Issuingmarketablesecuritiesistheprimarywaybusinessesfinancet...