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ECON302 Final Exam - Money, Banking, And Financial Markets
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MCQs on the importance of money, banking, and financial markets of a developed economy.

ECON302 Final Exam - Money, Banking, And Financial Markets
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25 Questions

1. Complete the following statement.Banks are regulated because governments want them to:
2. Why is indirect finance more important than direct finance in the U.S. economy?
3. Complete the following statement.The present discounted value of a stream of cash payments will always be:
4. When the Federal Reserve Bank increases the monetary base, this is a sign that it wants which of the following to occur?
5. How do financial markets promote economic efficiency?
6. What are Eurodollars?
7. If money is a unit of account, then which of the following is true?
8. A government issues securities with maturities of six months.These securities would be known as which of the following?
9. What would be a consequence of the failure of financial markets?
10. To achieve the mandate of full employment, the Federal Reserve Bank could do which of the following?
11. The Federal Open Market Committee (FOMC) of the Federal Reserve Bank is primarily responsible for which of the following?
12. A firm accepts and keeps funds for several people with the promise that they can withdraw them anytime they want.The same firm then lends the funds to borrowers. Which of the following best identifies this type of firm?
13. What is the Federal Funds rate?
14. Joan borrows $100.00 from her sister with the promise to repay at the end of the month.Her sister goes to the bank to withdraw $100.00 from her bank account to give it to her.This is an instance of which of the following?
15. A new ten-year bond will be bought and sold in what market?
16. The payment you receive for working is called which of the following?
17. Which of the following is the best functional definition of money?
18. Fill in the blanks.The presence of asymmetric information in financial markets leads to ______ as people with investment opportunities ______.
19. A financial instrument that promises to pay the holder a certain fixed amount periodically, and upon maturity pays the face value of the instrument is called which of the following?
20. A commercial paper with a ten year maturity pays an annual interest rate of 7%, while a U.S. government bond with the same maturity pays 5%.What could account for the difference?
21. Complete the following statement.Interest rates on Greek Sovereign Bonds are higher than on German Sovereign Bonds. One possible explanation may be that:
22. Banks are regulated, because governments want them to do which of the following?
23. Complete the following statement.Asymmetric information reduces financial transactions, because:
24. When a business borrows directly from financial markets, it issues which of the following?
25. Why are bonds issued by municipalities to finance large projects attractive to investors?

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