金融市场学双语题库及答案第二十六章米什金《金融市场与机构》.docx
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金融市场学双语题库及答案第二十六章米什金《金融市场与机构》.docx
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金融市场学双语题库及答案第二十六章米什金《金融市场与机构》
FinancialMarketsandInstitutions,8e(Mishkin)
Chapter26SavingsAssociationsandCreditUnions
26.1MultipleChoice
1)Savingsbanks
A)werefirstestablishedinScotlandandEngland.
B)wereestablishedtoencouragesavingbythepoor.
C)wereveryconservativewiththeirfunds,placingmostofthemincommercialbanks.
D)arealloftheabove.
E)areonlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.2SavingsandLoanAssociations
QuestionStatus:
PreviousEdition
2)Whichofthefollowingstatementsaboutmutualsavingsbanksaretrue?
A)Therearecurrentlyunder200mutualsavingsbanksintheUnitedStates.
B)Mostmutualsavingsbanksarefederallychartered.
C)BothAandBoftheabovearetrue.
D)Noneoftheabovearetrue.
Answer:
D
Topic:
Chapter26.1MutualSavingsBanks
QuestionStatus:
PreviousEdition
3)Whichofthefollowingstatementsconcerningthemutualformofownershipofsavingsbanksaretrue?
A)Themutualformofownershipaccentuatestheprincipal-agentproblemthatexistsincorporations.
B)Morecapitalisavailable,contributingtothesafetyofmutualsavingsbankscomparedtootherbankingorganizations.
C)Managersofmutualsavingsbanksaremoreriskaversethaninthecorporateform,becausethevalueoftheirownershipdoesnotincreaseifthefirmdoeswell.
D)Alloftheabovearetrue.
E)OnlyAandBoftheabovearetrue.
Answer:
D
Topic:
Chapter26.1MutualSavingsBanks
QuestionStatus:
PreviousEdition
4)Savingsandloanassociations
A)wereestablishedbyCongresstoencouragehomeownership.
B)initiallywerenotpermittedtoacceptdemanddeposits.
C)heldabout85percentoftheirassetsintheformofmortgagespriortotheGreatDepression.
D)arealloftheabove.
E)areonlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.2SavingsandLoanAssociations
QuestionStatus:
PreviousEdition
5)Savingsandloansassociations
A)initiallywereallowedtoattractfundsbyofferingsavingsaccountsthatpaidaslightlyhigherinterestratethanthatofferedbycommercialbanks.
B)heldabout85percentoftheirtotalassetsasmortgagespriortotheGreatDepression.
C)didnotweathertheGreatDepressionwell,asthousandsofS&Lsfailedinthe1930s.
D)arealloftheabove.
E)areonlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.2SavingsandLoanAssociations
QuestionStatus:
PreviousEdition
6)Thrifts
A)fueledthehome-buildingboomfrom1934-1978.
B)sufferedinthe1970sasinflationroseabovedepositinterestrateceilings.
C)havegrowninimportanceinattractingdepositsrelativetocommercialbankssince1980.
D)arealloftheabove.
E)areonlyAandBoftheabove.
Answer:
E
Topic:
Chapter26.2SavingsandLoanAssociations
QuestionStatus:
PreviousEdition
7)Thriftssufferedproblemsinthe1970sas
A)marketinterestratesroseabovetheratesthriftscouldpayondepositsandsavingsaccounts.
B)thriftcustomersmovedtheirfundsfromthriftstomoneymarketmutualfunds.
C)governmentregulatorsseverelylimitedthescopeofactivitiesthatthriftscouldundertaketogrowtheirwayoutoftrouble.
D)alloftheaboveoccurred.
E)onlyAandBoftheaboveoccurred.
Answer:
E
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
8)Intheearlystagesofthebankingcrisisinthe1980s,financialinstitutionswereespeciallyhurtby
A)thesharpincreasesininterestratesfromlate1979until1981.
B)thesevererecessionin1981-82.
C)thesharpdeclineinthepricelevelfrommid-1980toearly1983.
D)alloftheabove.
E)onlyAandBoftheabove.
Answer:
E
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
9)Intheearlystagesofthebankingcrisisinthe1980s,financialinstitutionswereespeciallyharmedby
A)declininginterestratesfromlate1979until1981.
B)thesevererecessionin1981-82.
C)thedisinflationfrommid-1980toearly1983.
D)alloftheabove.
Answer:
B
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
10)Savingsandloanslostatotalof$10billionin1981-1982duetoacombinationofrisinginterestratesin1979-1981and
A)therecessionof1981-1982thatreducedrealestatepricesenoughtocausesignificantloandefaults.
B)theregulatoryrestrictionsenactedbyCongressin1981and1982.
C)thelossofmarketsharetocommercialbanksthatwereallowedtocompetedirectlywiththriftsintherealestatemarket.
D)theaccelerationofinflationin1981-1982thatcausedthriftstoloseadditionalfundstomoneymarketmutualfunds.
Answer:
A
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
11)Inthe1980s,thriftinstitutions,whichhadbeenalmostentirelyrestrictedtomakingloansforhomemortgagesonly,wereallowedbyregulatorsto
A)financeacquisitionsincommercialrealestate.
B)extendconsumerloans.
C)purchasejunkbonds.
D)doalloftheabove.
E)doonlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
12)Thegovernmentgrantedthriftsgreaterpowersintheearly1980sinhopesofturningtheindustry'sproblemsaround.Thesepowers
A)requiredgreaterexpertiseinmanagingriskthanmanythriftmanagerspossessed.
B)encouragedthriftstoexpandlendingrapidlyinrealestate,increasingtheirexposuretorisk.
C)expandedthescopeandcomplexityofthriftlendingactivitiesthatwentbeyondwhatregulatorscouldeffectivelymonitor,giventheirlimitedresources.
D)didalloftheabove.
E)didonlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
13)WhennearlyhalfoftheS&LsintheUnitedStateshadanegativenetworthandwerethusinsolventbytheendof1982,regulatorsadoptedapolicyof________,whichamountedto________capitalrequirements.
A)regulatoryforbearance;raising
B)regulatoryforbearance;lowering
C)regulatorystringency;raising
D)regulatorystringency;lowering
Answer:
B
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
14)Thepolicyof________exacerbated________problemsassavingsandloanstookonincreasinglyhugelevelsofriskontheslimchanceofreturningtosolvency.
A)regulatoryforbearance;moralhazard
B)regulatoryforbearance;adverseselection
C)regulatorystringency;moralhazard
D)regulatorystringency;adverseselection
Answer:
A
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
15)Whichofthefollowingreasonsexplainwhyfederalregulatorsadoptedapolicyofregulatoryforbearancetowardinsolventfinancialinstitutionsintheearly1980s?
A)TheFSLIClackedsufficientfundstocoverinsureddepositsintheinsolventS&Ls.
B)Theregulatorswerereluctanttoclosethefirmsthatjustifiedtheirregulatoryexistence.
C)TheFederalHomeLoanBankBoardandtheFSLICwerereluctanttoadmitthattheywereinovertheirheadswithproblems.
D)Alloftheabovearereasons.
E)OnlyAandBoftheabovearereasons.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
16)Thepolicyofregulatoryforbearance
A)meantdelayingtheclosingof"zombieS&Ls"astheirlossesmountedduringthe1980s.
B)benefited"zombieS&Ls"attheexpenseofhealthyS&Ls,ashealthyinstitutionslostdepositstoinsolventinstitutions.
C)contributedtodecliningprofitabilityintheS&Lindustryandanincreaseinthenumberof"zombieS&Ls."
D)didalloftheabove.
E)didonlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
17)Thepolicyofregulatoryforbearance
A)meantdelayingtheclosingof"zombieS&Ls"astheirlossesmountedduringthe1980s.
B)benefited"zombieS&Ls"attheexpenseofhealthyS&Ls,ashealthyinstitutionslostdepositstoinsolventinstitutions.
C)hadtheadvantageofbenefitinghealthyS&Lsbygivingthemtheopportunitytoattractdepositsthatbegantoleavethe"zombieS&Ls."
D)didbothAandBoftheabove.
E)didbothAandCoftheabove.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
18)Whichofthefollowingarereasonsthatexplainwhyregulatorspursuedapolicyofregulatoryforbearancetowardthriftsintheearly1980s?
A)RegulatorsknewthattheFSLICdidnothavesufficientfundstocloseinsolventS&Lsandpayofftheirdepositors.
B)Regulatorswereprobablytooclosetothepeopletheyweresupposedtoberegulatingtoclosedownthriftsandputthemoutofbusiness.
C)Regulatorspreferredtosweeptheproblemsthatthriftsweresufferingundertheruginthehopethattheywouldgoawayastheeconomyimproved.
D)Alloftheaboveexplainregulatoryforbearance.
E)OnlyAandBoftheaboveexplainregulatoryforbearance.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
19)Examplesofthehugerisksthat"zombieS&Ls"undertookinclude
A)buildingshoppingcentersinthedesert.
B)buyingmanufacturingplantstoconvertmanuretomethane.
C)purchasingbillionsofdollarsofjunkbonds.
D)alloftheabove.
E)onlyAandBoftheabove.
Answer:
D
Topic:
Chapter26.3SavingsandLoansinTrouble:
TheThriftCrisis
QuestionStatus:
PreviousEdition
20)"ZombieS&Ls"
A)paidabovemarketinterestratestoattractdepositstofu
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