American business get their external funds primarily from
bonds and commercial paper issues.
stock issues.
bank loans.
nonbank loans.
Which of the following describes the "lemons problem?"
Sellers have more information than buyers and few transactions occur.
Buyers have more information than llers and many transactions occur.
罗马假日结局 Buyers have more information than llers and few transactions occur.
Sellers have more information than buyers and many transactions occur.
The concept of adver lection helps to explain
why large, well-established corporations find it so difficult to borrow funds in curities markets.
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which firms are more likely to obtain funds from banks and other financial intermediaries, rather than from the curities markets.
why collateral is not a common feature of many debt contracts.
all of the above.
The principal-agent problem aris becau 关于和的名言
(a) agents have more information about their activities than do the principals.
(b) monitoring agents' activities is costly.
(c) principals have incentives to free-ride off the monitoring expenditures of other principals.
(d) of all of the above.
(e) of only (a) and (b) of the above.
The fact that only large, well-established corporations have access to curities markets
(a) explains why indirect finance is such an important source of external funds for business.
(b) can be explained by the problem of adver lection.
(c) can be explained by government regulations that prohibit small firms from acquiring funds in curities markets.
(d) can be explained by all of the above.
(e) can be explained by only (a) and (b) of the above.
Poor people have difficulty getting loans becau
they are less likely to benefit from access to financial markets.
they are more likely to be dishonest.
they typically have little collateral.
of all of the above.
of none of the above.
中药鸡血藤
Financial intermediaries, particularly banks,
(a) are experts in the production of information about firms so that they can sort good risks from bad ones.
(b) overcome the free-rider problem by primarily making private loans, rather than purchasing curities that are traded in the open market.
(c) play a greater role in moving funds to corporations than do curities markets.
(d) all of the above.
(e) only (a) and (b) of the above.
Economies of scale allow financial intermediaries to overcome problems of
moral hazard.
free-riding.
high transaction costs.
adver lection.
A clau in a debt contract requiring the borrower to purcha insurance against loss of the ast financed with the loan is called a
collateral-insurance clau.
restrictive covenant.
proscriptive covenant.
prescriptive covenant.
If a financial crisis is thought of as a quence of events, which of the following events would be least likely to be the initiating cau of the financial crisis?
unanticipated decline in price level
stock market decline
increa in interest rates 接近的反义词
increa in uncertainty
Most financial cris in the United States have begun with
(a) a steep stock market decline.
(b) an increa in uncertainty resulting from the failure of a major firm.
(c) a steep decline in interest rates.
(d) all of the above.
(e) only (a) and (b) of the above.
Governments in developing countries sometimes adopt policies that retard the efficient operation of their financial systems. The actions include policies that
(a) prevent lenders from foreclosing on borrowers with political clout.
(b) nationalize banks and direct credit to politically-favored borrowers.
(c) make it costly to collect payments and collateral from defaulting debtors.
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(d) do all of the above.
(e) do only (a) and (b) of the above.
______ caus a financial crisis to move into the debt-deflation pha.
Increa in interest rates
Stock market decline
Unanticipated decline in the price level
Increa in uncertainty
Which of the following are reported as asts on a bank's balance sheet? 雨过天晴作文
