The primary reason that individuals and firms choose to borrow for a long term is to reduce the risk that interest rates will _________before they pay off their debts.
A. raise
B. fall
C. become more volatile
D. become more stable
查看答案
A firm chooses to finance a new plant by issuing money market securities ___________.
A. must incur the cost of issuing new securities to roll over its debt
B. runs the risk of having to pay higher interest rates when it rolls over its debt
C. incurs both the cost of reissuing securities and the risk of having to pay higher interest rates on the new debt
D. is more likely to profit if interest rates rise while the plant is being constructed
The money market is the market for short-term securities, generally those mature in one year.
A. 对
B. 错
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
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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