第一章
1. The nature of finance is capital financing, or fund circulating, that is,
transferring funds from capital providers to capital demanders. ( ) 答案:True
2. Banks are the only important financial institutions. ( ) 答案:False
3. Financial markets can promote economic efficiency, but cannot improve the
well-being of consumers. ( ) 答案:False
4. When businesses go looking for funds tofinance their activities, they usually
obtain them directly from securities markets and not indirectly through
financial intermediaries. ( ) 答案:False
5. Financial markets promotegreater economic efficiency by channeling funds
from ________ to ________. ( ) 答案:savers; borrowers
< ……此处隐藏14695个字…… pated decline in pricelevel8. The growth of the subprime mortgage market led to ___. ( ) 答案:increased
demand for houses as the less credit-worthy borrowers could obtain
residential mortgages.;increased demand for houses and helpedfuelthe
boom in housing prices.
9. Which of the following statements about effects of financial crisis are TRUE?
( ) 答案:global economic recession;run on theshadow banking
system;deterioration of financial institutions’ balance sheets
10. Which of the following belongsto China’s regulation system? ( ) 答案:China
Banking and Insurance Regulatory Commission;China Securities Regulatory
Commission;People’s Bank of China.
