Theproblemcreatedbyasymmetricinformationbeforethetransactionoccursiscalled_____,whiletheproblemcreatedafterthetransactionoccursiscalled_____.
A. adverseselection;moralhazard
B. moralhazard;adverseselection
C. costlystateverification;free-riding
D. free-riding;costlystateverification
查看答案
Someoftheproblemsthatcausefinancialrepressionindevelopingandtransitioneconomiesinclude
A. poorlegalsystems.
B. strongaccountingstandards.
C. privateownershipofbanks.
D. excessivegovernmentregulation.
Financialcrises
A. aremajordisruptionsinfinancialmarketsthatarecharacterizedbysharpdeclinesinassetpricesandthefailuresofmanyfinancialandnonfinancialfirms.
B. occurwhenadverseselectionandmoralhazardproblemsinfinancialmarketsbecomemoresignificant.
C. frequentlyleadtosharpcontractionsineconomicactivity.
D. alloftheabove.
Solutionstothemoralhazardprobleminclude
A. highnetworth.
B. monitoringandenforcementofrestrictivecovenants.
C. greaterrelianceondebtcontractsandlessonequitycontracts.
D. alloftheabove.
Onewayofdescribingthesolutionthathighnetworthprovidestothemoralhazardproblemistosaythatit
A. collateralizesthedebtcontract.
B. makesthedebtcontractincentivecompatible.
C. stateverifiesthedebtcontract.
D. doesnoneoftheabove.
微信支付 
支付宝支付