金融市場與金融機(jī)構(gòu)知到智慧樹章節(jié)測試課后答案2024年秋北京第二外國語學(xué)院

金融市場與金融機(jī)構(gòu)知到智慧樹章節(jié)測試課后答案2024年秋北京第二外國語學(xué)院第一章單元測試

OnAverage,bondmarketsaremoreriskythanequitymarkets。（）

A:錯(cuò)B:對

答案:錯(cuò)OTCmarketsreplyonmarketdealerstoprovidebuyingandsellingopportunities.（）

A:對B:錯(cuò)

答案:對Whichfunctiondoesfinancialintermediariesplayinamoderneconomy?（）。

A:ConsumersB:ServiceprovidersC:ManufacturersD:Amarketplace

答案:ServiceprovidersWhichofthefollowingisnotaparticipantofaderivativemarket?（）

A:Investorsthatwouldprotectthemselvesfromfutureuncertainty.B:Investorsthatwouldspeculateonfuturepricemovements.C:Investorsthatwouldtakeadvantageofmarketmispricing.D:Investorsthatwouldacquirecertainsecuritiesorcommoditiesimmediately.

答案:Investorsthatwouldacquirecertainsecuritiesorcommoditiesimmediately.Whichofthefollowingarecorrectaboutprimarymarketsandsecondarymarkets?（）

A:Primarymarketsarewheresecuritiesaretraded.B:Secondarymarketsarewheresecuritiesaretraded.C:Secondarymarketsarewherefirmsraisemoneyfromthepublic.D:Primarymarketsarewherefirmsraisemoneyfromthepublic.

答案:Secondarymarketsarewheresecuritiesaretraded.；Primarymarketsarewherefirmsraisemoneyfromthepublic.

第二章單元測試

FinancialMarketsrepresentdirectfinance,andfinancialintermediariesrepresentindirectfinance.（）

A:錯(cuò)B:對

答案:對Bothadverseselectionandmoralhazardareproblemscreatedbyasymmetricinformationafterthetransactionoccurs.（）

A:錯(cuò)B:對

答案:錯(cuò)Sincefinancialregulationimposesrulesandrestrictionsonfinancialmarketsandfinancialinstitutions,itdoesharmtofinancialinnovation.（）

A:錯(cuò)B:對

答案:錯(cuò)Whatimportantfunctionscanfinancialinstitutionsplaytofacilitatetheprocessofindirectfinance?（）

A:Enhancingrisksharingbetweenlendersandborrowers.B:Provideservicesforfree.C:Reducingtransactioncostswitheconomiesofscale.D:Mitigatingasymmetricinformationproblems.

答案:Enhancingrisksharingbetweenlendersandborrowers.；Reducingtransactioncostswitheconomiesofscale.；Mitigatingasymmetricinformationproblems.Whoistheprincipallender-saversonfinancialmarkets?（）

A:GovernmentsB:ForeignersC:BusinessEnterprisesD:Households

答案:Governments；Foreigners；BusinessEnterprises；Households

第三章單元測試

Reservesareacentralbank'sliabilityandacommercialbank’sasset.（）

A:錯(cuò)B:對

答案:對Excessreservesareextracashheldbyacommercialbankandisthereforeuseless.（）

A:錯(cuò)B:對

答案:錯(cuò)Whichofthefollowingisnotafunctionofcentralbanks?（）

A:Tomanagereserves.B:Toensurefinancialstability.C:Toimplementtaxpoliciesandfiscalpolicies.D:Toregulateandsupervisethebankingindustry.

答案:Toimplementtaxpoliciesandfiscalpolicies.Whichofthefollowingis/areacentralbank'sasset?（）

A:Reserves.B:Governmentbonds.C:Loanstofinancialinstitutions.D:Currencyincirculation.

答案:Governmentbonds.；Loanstofinancialinstitutions.Whichofthefollowingisaneffectofanopenmarketpurchasebyacentralbank?（）

A:Thecentralbank’sgovernmentsecuritiesinholdingincrease.B:Thecentralbank’scurrencyincirculationincreases.C:Thecentralbank’sreservesincrease.D:Thecentralbank’sloanstofinancialinstitutionsincrease.

答案:Thecentralbank’sgovernmentsecuritiesinholdingincrease.；Thecentralbank’sreservesincrease.

第四章單元測試

Inaone-periodvaluationmodel,thecurrentpriceofastockisequaltothediscountedvalueofitsfinalsalesprice.（）

A:錯(cuò)B:對

答案:錯(cuò)China'sSTARmarketisanOTCmarket.（）

A:對B:錯(cuò)

答案:錯(cuò)China'sstockmarkethasabove-averageretailinvestorsaroundtheglobe.（）

A:錯(cuò)B:對

答案:對Whichofthefollowingisincorrectaboutacommonstock?（）

A:Commonstockdoesnothavematurityasabonddoes.B:Commonstockrepresentsownershipoftheissuingcompany.C:Commonstockimpliesafinancialobligationthattheissuingcompanymustfulfill.D:Commonstockentitlesshareholderswithclaimsonissuingcompany’sassets.

答案:Commonstockimpliesafinancialobligationthattheissuingcompanymustfulfill.WhichofthefollowingisrightaboutETF(ExchangeTradedFunds)?（）

A:ETFscanbeboughtandsoldmultipletimesduringatradingday.B:ETFsarelistedandtradedonastockexchangeasindividualstocks.C:ETFsusuallyrepresentastockportfolio.D:ETFsareactivelymanagedandadjustedbyfundmanagers.

答案:ETFscanbeboughtandsoldmultipletimesduringatradingday.；ETFsarelistedandtradedonastockexchangeasindividualstocks.；ETFsusuallyrepresentastockportfolio.

第五章單元測試

Likegovernmentbonds,agencybondstendtohavelowdefaultrisk.（）

A:錯(cuò)B:對

答案:對BondswithBBBratingsandbelowareconsideredspeculativegrade.（）

A:錯(cuò)B:對

答案:錯(cuò)Whichofthefollowingiscorrectaboutdefaultrisk?（）

A:BondinvestorscanbuyCDStopreventlossesfrombonddefaults.B:Ifabonddefaults,investorswilllosealltheirinvestmentinthatbond.C:Asecuredbondwillneverdefault.D:Governmentbondsareriskfreeandthereforewillnextdefault.

答案:BondinvestorscanbuyCDStopreventlossesfrombonddefaults.Whichofthefollowingisnotamechanismtoprotectbondholders’interest?（）

A:Conversiontermsthatallowbondholderstoconvertthebondintosharesofcommonstock.B:Callprovisionsthatallowthebondholderstosellthebondbacktothefirm.C:Restrictivecovenantsthatlimittheamountofdividendsthefirmcanpaytostockholders.D:Putprovisionsthatallowthefirmtobuythebondbackbeforeitexpires.

答案:Putprovisionsthatallowthefirmtobuythebondbackbeforeitexpires.Whichofthefollowingisamoneymarketinstrument?（）

A:TreasuryBondsB:NegotiableCertificatesofDeposit.C:RepurchaseAgreements.D:TreasuryBills

答案:NegotiableCertificatesofDeposit.；RepurchaseAgreements.；TreasuryBills

第六章單元測試

Afree-floatingexchangerateregimedoesnotneedforeignexchangeintervention。（）

A:對B:錯(cuò)

答案:對Inanygivenyear,acountry’scurrentaccountandcapitalaccountinthebalanceofpaymentalwayssumuptozero.（）

A:對B:錯(cuò)

答案:錯(cuò)Whichofthefollowingisnotpartofthepolicytrilemma?（）。

A:Fixedforeignexchangerates.B:Foreignexchangeintervention.C:Independenceofmonetarypolicies.D:FreecapitalMobility.

答案:Foreignexchangeintervention.Whichofthefollowingisafactorthataffectstheforeignexchangeratebetweentwocountriesinthelongrun?（）

A:Relativepricelevels.B:Productivityinthetwocountries.C:Tariffsandquotas.D:Consumerpreferencesfordomesticandforeigngoods.

答案:Relativepricelevels.；Productivityinthetwocountries.；Tariffsandquotas.；Consumerpreferencesfordomesticandforeigngoods.Whichofthefollowingisaconsequenceofasterilizedforeignexchangeinterventiontosellforeignassets?（）

A:Thecentralbank’sholdingofgovernmentbondsincreases.B:Themonetarybaseisunchanged.C:Theinterestratewillrise.D:Theforeignreserveswillincrease.

答案:Thecentralbank’sholdingofgovernmentbondsincreases.；Themonetarybaseisunchanged.

第七章單元測試

Oneadvantageoffuturesmarketsoverforwardmarketsisthatthereisdefaultriskorcounterpartyriskinfuturesmarkets.（）

A:錯(cuò)B:對

答案:錯(cuò)Inaswap,onecounterpartydoesnotneedtopaypremiumtotheothercounterparty.（）

A:對B:錯(cuò)

答案:對Hedgingmeansthatafinancialinstitutionneedstotakeanoffsettingpositionagainstoneofitscurrentholdings.（）

A:錯(cuò)B:對

答案:對Whichofthefollowingiscorrectaboutoptions?（）

A:Optionsellershavenoobligationsbutonlyrights.B:Calloptionbuyersneedtopaypremiumtoputoptionbuyers.C:Americanoptionbuyerscanexercisetheiroptionatanytimebytheexpirationdate.D:Calloptionsellerscanbenefitfrompriceincreaseoftheunderlyingasset.

答案:Americanoptionbuyerscanexercisetheiroptionatanytimebytheexpirationdate.Inwhichofthefollowingaspectdoesafuturesmarketdifferfromaforwardmarket?（）

A:FuturesmarketsareusuallyexchangesandforwardmarketsareusuallyOTCmarkets.B:Forwardmarketsusuallyhavemoretradingopportunitiesthanfuturesmarkets.C:Forwardcontractsareusuallymorecustomizedthanfuturescontracts.D:Inforwardmarkets,acounterparty’sprofitsandlossesareusually“marked-to-market”daily.

答案:FuturesmarketsareusuallyexchangesandforwardmarketsareusuallyOTCmarkets.；Forwardcontractsareusuallymorecustomizedthanfuturescontracts.

第八章單元測試

Thecapitaladequacyratiomeasureshowmuchofabank’sassetsisfinancedbyequityholders’investment.（）

A:對B:錯(cuò)

答案:對Abankcangiveoutallthecashitreceivesfromanewdepositinaloancontract.（）

A:錯(cuò)B:對

答案:錯(cuò)Whichofthefollowingisnotaconsiderationofabank’sassetmanagement?（）

A:Theliquidityofitssecurities.B:Thediversityofitsloans.C:Theaveragematurityofitsdeposits.D:Theamountofcashitholds.

答案:Theaveragematurityofitsdeposits.Whatcanabankdoifitsreserveratiofallsbelowtherequiredlevel?（）

A:Takediscountloansfromthecentralbank.B:Sellsecurities.C:Givemoreloanstohouseholdsandfirms.D:Borrowmoneyfromotherbanks.

答案:Takediscountloansfromthecentralbank.；Sellsecurities.；Borrowmoneyfromotherbanks.Whichofthefollowingisanassetofacommercialbank?（）

A:Deposits.B:Cashandreserves.C:Securities.D:Loans.

答案:Cashandreserves.；Securities.；Loans.

第九章單元測試

Amutualfund’sfeesareusuallyapercentageofaninvestor’stotalinvestment.（）

A:錯(cuò)B:對

答案:對Amutualfundcaneitherinvestinbonds,orstock,butnotboth.（）

A:錯(cuò)B:對

答案:錯(cuò)Amutualfundmanagermustmanageherfundinaccordancewithitsstatedinvestmentobjectivesandpolicies.（）

A:對B:錯(cuò)

答案:對Whichofthefollowingisnotaregulationthatmutualfundshavetoabideby?（）

A:Mutualfundsneedtodiversifytheirportfolios.B:Mutualfundshavetosatisfysubscriptionandredemptionrequestsinatimelymanner.C:Mutualfundsneedtodisclosethefairvalueoftheirportfoliosonaregularbasis,usuallydailyorweekly.D:Mutualfundsareprohibitedfromsellingsharestothegeneralpublic.

答案:Mutualfundsareprohibitedfromsellingsharestothegeneralpublic.Whichofthefollowingisrightaboutopen-endandclosed-endmutualfunds?（）

A:Open-endmutualfundscanbecomemuchbiggerintermsofthesizeofassetsundermanagementthanitwasinitiallylaunched.B:Closed-endmutualfundsdonotallowwithdrawalsfrominvestorsandthereforecreatedifficultiesformanagers.C:Neitheropen-endnorclosed-endmutualfundscanchangetheirportfoliocomponents.D:Closed-endmutualfundinvestorscangetridoftheirinvestmentbysellingthefundsharestootherinvestors.

答案:Open-endmutualfundscanbecomemuchbiggerintermsofthesizeofassetsundermanagementthanitwasinitiallylaunched.；Closed-endmutualfundinvestorscangetridoftheirinvestmentbysellingthefundsharestootherinvestors.

第十章單元測試

Anannuityisaninsuranceproductthathelpspeopletomanagemortalityrisk.（）

A:錯(cuò)B:對

答案:錯(cuò)Aninsurancecompanyneedstosellalargenumberofpoliciesinordertospreadtheriskittakes.（）

A:對B:錯(cuò)

答案:對Onlyinsuran