the economics of money, banking, and financial markets

TEST ITEM FILE Amy Sopinka University of Victoria THE ECONOMICS OF MONEY, BANKING, AND FINANCIAL MARKETS Fifth Canadian Edition ...

The Economics of Money, Banking, and Financial Markets, Fifth Canadian Edition Mishkin, Serletis Copyright © 201 4 Pearson Canad ...

1 " © 2014 Pearson Canada Inc." Economics of Money, Banking & Financial Markets, 5e (Mishkin) Chapter 1 Why Study Money, Ban ...

2 " © 2014 Pearson Canada Inc." ____ markets transfer funds from people who do not have a productive use for them to people wh ...

3 " © 2014 Pearson Canada Inc." A bond is ____. A) not as good as investment as stocks B) pays interest sporadically C) never ...

4 " © 2014 Pearson Canada Inc." The interest rate on long-term corporate bonds is ____, on average, than other interest rates. ...

5 " © 2014 Pearson Canada Inc." Everything else held constant, an increase in interest rates on student loans ____. A) may inc ...

6 " © 2014 Pearson Canada Inc." Bonds of different maturities ____. A) show no common features B) have interest rates that ten ...

7 " © 2014 Pearson Canada Inc." Changes in stock prices ____. A) do not affect people's wealth and their willingness to spend ...

8 " © 2014 Pearson Canada Inc." The S&P/TSX Composite reached a peak of over 14,000 in both ____. A) 2000 and 2002 B) 2002 ...

9 " © 2014 Pearson Canada Inc." 1.2 Why Study Financial Institutions and Banking? Channelling funds from individuals with savi ...

10 " © 2014 Pearson Canada Inc." Chartered banks, trust and mortgage loan companies, and credit unions and caisses populaires ...

11 " © 2014 Pearson Canada Inc." The term "bank" generally includes all of the following institutions except ____. A) chartere ...

12 " © 2014 Pearson Canada Inc." 1.3 Why Study Money and Monetary Policy? Money is defined as ____. A) bills of exchange B) an ...

13 " © 2014 Pearson Canada Inc." Prior to all recessions, there has been a drop in ____. A) inflation B) the money stock C) th ...

14 " © 2014 Pearson Canada Inc." Inflation ____. A) can be explained by changes in the price level and money supply B) cannot ...

15 " © 2014 Pearson Canada Inc." If ten years ago the prices of the items bought last month by the average consumer would have ...

16 " © 2014 Pearson Canada Inc." Evidence from Canada and other foreign countries indicates that ____. A) there is a strong po ...

17 " © 2014 Pearson Canada Inc." The management of money and interest rates is called ____ policy and is conducted by a nation ...

18 " © 2014 Pearson Canada Inc." Budget deficits can be a concern because they might ____. A) ultimately lead to higher inflat ...