超星 - Chapter 6 Test Myself

单选题

Which of the following is a contractual saving institution?

A life insurance company
B. A credit union
C. A savings and loan association
D. A mutual fund

单选题

Which of the following can be described as involving indirect finance?____________

A bank buys a U.treasury bill from one of its depositors
B. A corporation buys commercial paper issued by another corporation
C. A pension fund manager buys commercial paper in the primary market
D. Both A and C

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单选题

The purpose of diversification is to ________________.

A. raise the volatility of a portfolio’s return
B. reduce the volatility of a portfolio’s return
C. reduce the average return on a portfolio
D. raise the average return on a portfolio

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单选题

An investor who puts all the funds into one asset _her portfolio’s .

A. increases; diversification
B. increases; average return
C. decreases; diversification
D. decreases; average return

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单选题

Successful financial intermediaries have higher earnings from their investments because they are better equipped than individuals to screen out good from bad risks, thereby reducing losses due to ______________.

A. moral hazard
B. adverse selection
C. bad luck
D. financial panic

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单选题

Financial institutions________________.

A. exist because there are substantial information and transaction costs in the economy.
B. help reduce the exposure of investors to risk
C. are involved in the process of indirect finance
D. do all of the above

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单选题

When the lender and the borrower have different amounts of information regarding a transaction, ____________is said to exist.

A. adverse selection
B. asymmetric information
C. moral hazard
D. fraud

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单选题

When the potential borrowers who are the most likely to default are the ones most actively seeking a loan, _____________is said to exist.

A. asymmetric information
B. adverse selection
C. moral hazard
D. fraud

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Which of the following is a contractual saving institution?

Which of the following can be described as involving indirect finance?____________

The purpose of diversification is to ________________.

An investor who puts all the funds into one asset _____________her portfolio’s ____________.

Successful financial intermediaries have higher earnings from their investments because they are better equipped than individuals to screen out good from bad risks, thereby reducing losses due to ______________.

Financial institutions________________.

When the lender and the borrower have different amounts of information regarding a transaction, ____________is said to exist.

When the potential borrowers who are the most likely to default are the ones most actively seeking a loan, _____________is said to exist.

An investor who puts all the funds into one asset _her portfolio’s .