题目内容

WhichofthefollowingstatementsconcerningexternalsourcesoffinancingfornonfinancialbusinessesintheUnitedStatesaretrue?

A. Financialintermediariessuchasbanksarethemostimportantsourceofexternalfunds.
Bondsareafarmoreimportantsourceoffinancethanarestocks.
C. Stocksandbonds,combined,supplylessthanone-fifthoftheexternalfunds.
D. Only(a)and(b)oftheabove.

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Aborrowerwhotakesoutaloanusuallyhasbetterinformationaboutthepotentialreturnsandriskoftheinvestmentprojectsheplanstoundertakethandoesthelender.Thisinequalityofinformationiscalled

A. moralhazard.
B. asymmetricinformation.
C. noncollateralizedrisk.
D. adverseselection.

Ifbadcreditrisksaretheoneswhomostactivelyseekloansand,therefore,receivethemfromfinancialintermediaries,thenfinancialintermediariesfacetheproblemof

A. moralhazard.
B. adverseselection.
C. free-riding.
D. costlystateverification.

Theproblemcreatedbyasymmetricinformationbeforethetransactionoccursiscalled_____,whiletheproblemcreatedafterthetransactionoccursiscalled_____.

A. adverseselection;moralhazard
B. moralhazard;adverseselection
C. costlystateverification;free-riding
D. free-riding;costlystateverification

Someoftheproblemsthatcausefinancialrepressionindevelopingandtransitioneconomiesinclude

A. poorlegalsystems.
B. strongaccountingstandards.
C. privateownershipofbanks.
D. excessivegovernmentregulation.

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