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1、Chapter 26/Saving, Investment, and the Financial System v 1809Chapter 26Saving, Investment, and the Financial SystemTRUE/FALSE1.The financial system coordinates investment and saving, which are important determinants of long-run real GDP.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and
2、definitions of economicsTOP:Investment | SavingMSC:Definitional2.When economists refer to investment, they mean the purchasing of stocks and bonds and other types of saving.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Investment | SavingMSC:Definitional3.
3、Banks and mutual funds are examples of financial markets.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Financial intermediaries | Financial marketsMSC:Definitional4.When a firm wants to borrow directly from the public to finance the purchase of new equipme
4、nt, it does so by selling shares of stock.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Bonds | StockMSC:Definitional5.Most entrepreneurs finance their purchases of real capital using their past saving.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economi
5、cs, and definitions of economicsTOP:InvestmentMSC:Definitional6.Other things the same, the higher the rate of saving and investment in a country, the higher will be the standard of living.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Saving | InvestmentMSC
6、:Interpretive7.Lenders sell bonds and borrowers buy them.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:BondsMSC:Definitional8.When a firm wants to borrow directly from the public to finance the purchase of new equipment, it does so by selling bonds.ANS:TDI
7、F:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Bonds | StockMSC:Definitional9.Other things the same, corporate bonds generally feature higher interest rates than U.S. government bonds.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of eco
8、nomicsTOP:BondsMSC:Definitional10.The sale of either stocks or bonds to raise money is known as equity finance.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Bonds | StockMSC:Definitional11.When a corporation experiences financial problems, bondholders are
9、paid before stockholders.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Bonds | StockMSC:Definitional12.Corporations receive no proceeds from the resale of their stock.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP
10、:StockMSC:Definitional13.Generally, if people begin to expect a company to have higher future profits, the price of the companys stock will begin to decrease.ANS:FDIF:2REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:StockMSC:Interpretive14.If a share of stock in Skyli
11、ght Chili sells for $75, the retained earnings per share are $5, and the divided per share is $2, then the price-earnings ratio is 15.ANS:FDIF:2REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:StockMSC:Applicative15.If people become less optimistic about the future ear
12、nings of Hyde Park Jazz Studio, then the price of the companys stock will fall.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Stock.MSC:Interpretive16.Mutual funds are a type of financial intermediary.ANS:TDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics
13、, and definitions of economicsTOP:Mutual funds | Financial intermediariesMSC:Definitional17.Index funds are usually outperformed by mutual funds that are actively managed by professional money managers.ANS:FDIF:1REF:26-1NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Mutual f
14、undsMSC:Definitional18.To state that national saving is equal to investment, for a closed economy, is to state an accounting identity.ANS:TDIF:1REF:26-2NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:IdentitiesMSC:Interpretive19.National saving is equal to Y - T - C.ANS:FDIF:
15、2REF:26-2NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:National savingMSC:Interpretive20.Public saving is T - G, while private saving is Y - T - C.ANS:TDIF:1REF:26-2NAT:AnalyticLOC:The Study of economics, and definitions of economicsTOP:Private saving | Public savingMSC:Interpretive21.Public saving is equal to national saving minus private sav
