米什金貨幣金融學(xué)英文版習(xí)題答案chapter1英文習(xí)題

米什金貨幣金融學(xué)英文版習(xí)題答案chapter1英文習(xí)題EconomicsofMoney,Banking,andFinancialMarkets,11e,GlobalEdition(Mishkin)Chapter1WhyStudyMoney,Banking,andFinancialMarkets?1.1WhyStudyFinancialMarkets?1)FinancialmarketspromoteeconomicefficiencybyA)channelingfundsfrominvestorstosavers.B)creatinginflation.C)channelingfundsfromsaverstoinvestors.D)reducinginvestment.Answer:CAACSB:ReflectiveThinking2)Financialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.A)investors;saversB)borrowers;saversC)savers;borrowersD)savers;lendersAnswer:CAACSB:ReflectiveThinking3)Well-functioningfinancialmarketspromoteA)inflation.B)deflation.C)unemployment.D)growth.Answer:DAACSB:ReflectiveThinking4)AkeyfactorinproducinghigheconomicgrowthisA)eliminatingforeigntrade.B)well-functioningfinancialmarkets.C)highinterestrates.D)stockmarketvolatility.Answer:BAACSB:ReflectiveThinking5)MarketsinwhichfundsaretransferredfromthosewhohaveexcessfundsavailabletothosewhohaveashortageofavailablefundsarecalledA)commoditymarkets.B)fund-availablemarkets.C)derivativeexchangemarkets.D)financialmarkets.Answer:DAACSB:ApplicationofKnowledge6)________marketstransferfundsfrompeoplewhohaveanexcessofavailablefundstopeoplewhohaveashortage.A)CommodityB)Fund-availableC)FinancialD)DerivativeexchangeAnswer:CAACSB:ApplicationofKnowledge7)PoorlyperformingfinancialmarketscanbethecauseofA)wealth.B)poverty.C)financialstability.D)financialexpansion.Answer:BAACSB:ReflectiveThinking8)ThebondmarketsareimportantbecausetheyareA)easilythemostwidelyfollowedfinancialmarketsintheUnitedStates.B)themarketswhereforeignexchangeratesaredetermined.C)themarketswhereinterestratesaredetermined.D)themarketswhereallborrowersgettheirfunds.Answer:CAACSB:ReflectiveThinking9)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoastheA)inflationrate.B)exchangerate.C)interestrate.D)aggregatepricelevel.Answer:CAACSB:ApplicationofKnowledge10)Comparedtointerestratesonlong-termU.S.governmentbonds,interestratesonthree-monthTreasurybillsfluctuate________andare________onaverage.A)more;lowerB)less;lowerC)more;higherD)less;higherAnswer:AAACSB:ReflectiveThinking11)TheinterestrateonBaacorporatebondsis________,onaverage,thaninterestratesonTreasuries,andthespreadbetweentheseratesbecame________inthe1970s.A)lower;smallerB)lower;largerC)higher;smallerD)higher;largerAnswer:DAACSB:ReflectiveThinking12)Everythingelseheldconstant,adeclineininterestrateswillcausespendingonhousingtoA)fall.B)remainunchanged.C)eitherrise,fall,orremainthesame.D)rise.Answer:DAACSB:AnalyticalThinking13)Highinterestratesmight________purchasingahouseorcarbutatthesametimehighinterestratesmight________saving.A)discourage;encourageB)discourage;discourageC)encourage;encourageD)encourage;discourageAnswer:AAACSB:AnalyticalThinking14)Anincreaseininterestratesmight________savingbecausemorecanbeearnedininterestincome.A)encourageB)discourageC)disallowD)invalidateAnswer:AAACSB:AnalyticalThinking15)Everythingelseheldconstant,anincreaseininterestratesonstudentloansA)increasesthecostofacollegeeducation.B)reducesthecostofacollegeeducation.C)hasnoeffectoneducationalcosts.D)increasescostsforstudentswithnoloans.Answer:AAACSB:AnalyticalThinking16)Highinterestratesmightcauseacorporationto________buildinganewplantthatwouldprovidemorejobs.A)completeB)considerC)postponeD)contemplateAnswer:CAACSB:AnalyticalThinking17)ThestockmarketisA)whereinterestratesaredetermined.B)themostwidelyfollowedfinancialmarketintheUnitedStates.C)whereforeignexchangeratesaredetermined.D)themarketwheremostborrowersgettheirfunds.Answer:BAACSB:ReflectiveThinking18)StockpricesareA)relativelystabletrendingupwardatasteadypace.B)relativelystabletrendingdownwardatamoderaterate.C)extremelyvolatile.D)unstabletrendingdownwardatamoderaterate.Answer:CAACSB:ReflectiveThinking19)ArisingstockmarketindexduetohighersharepricesA)increasespeople'swealth,butisunlikelytoincreasetheirwillingnesstospend.B)increasespeople'swealthandasaresultmayincreasetheirwillingnesstospend.C)decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.D)decreasespeople'swealth,butisunlikelytoincreasetheirwillingnesstospend.Answer:BAACSB:AnalyticalThinking20)WhenstockpricesfallA)anindividual'swealthisnotaffectednoristheirwillingnesstospend.B)abusinessfirmwillbemorelikelytosellstocktofinanceinvestmentspending.C)anindividual'swealthmaydecreasebuttheirwillingnesstospendisnotaffected.D)anindividual'swealthmaydecreaseandtheirwillingnesstospendmaydecrease.Answer:DAACSB:AnalyticalThinking21)ChangesinstockpricesA)donotaffectpeople'swealthandtheirwillingnesstospend.B)affectfirms'decisionstosellstocktofinanceinvestmentspending.C)occurinregularpatterns.D)areunimportanttodecisionmakers.Answer:BAACSB:ReflectiveThinking22)Anincreaseinstockprices________thesizeofpeople'swealthandmay________theirwillingnesstospend,everythingelseheldconstant.A)increases;increaseB)increases;decreaseC)decreases;increaseD)decreases;decreaseAnswer:AAACSB:AnalyticalThinking23)Lowstockmarketpricesmight________consumers’willingnesstospendandmight________businesseswillingnesstoundertakeinvestmentprojects.A)increase;increaseB)increase;decreaseC)decrease;decreaseD)decrease;increaseAnswer:CAACSB:AnalyticalThinking24)Fearofamajorrecessioncausesstockpricestofall,everythingelseheldconstant,whichinturncausesconsumerspendingtoA)increase.B)remainunchanged.C)decrease.D)cannotbedetermined.Answer:CAACSB:ReflectiveThinking25)Ashareofcommonstockisaclaimonacorporation'sA)debt.B)liabilities.C)expenses.D)earningsandassets.Answer:DAACSB:ApplicationofKnowledge26)On________,October19,1987,thestockmarketexperienceditsworstone-daydropinitsentirehistorywiththeDJIAfallingby22%.A)"TerribleTuesday"B)"WoefulWednesday"C)"FreakyFriday"D)"BlackMonday"Answer:DAACSB:ApplicationofKnowledge27)Thedeclineinstockpricesfrom2000through2002A)increasedindividuals'willingnesstospend.B)hadnoeffectonindividualspending.C)reducedindividuals'willingnesstospend.D)increasedindividualwealth.Answer:CAACSB:AnalyticalThinking28)TheDowreachedapeakofover11,000beforethecollapseofthe________bubblein2000.A)housingB)manufacturingC)high-techD)bankingAnswer:CAACSB:ApplicationofKnowledge29)WhenIpurchaseacorporate________,Iamlendingthecorporationfundsforaspecifictime.WhenIpurchaseacorporation's________,Ibecomeanownerinthecorporation.A)bond;stockB)stock;bondC)stock;debtsecurityD)bond;debtsecurityAnswer:AAACSB:ApplicationofKnowledge30)Whatisastock?Howdostocksaffecttheeconomy?Answer:Astockrepresentsashareofownershipofacorporation,oraclaimonafirm'searnings/assets.Stocksarepartofwealth,andchangesintheirvalueaffectpeople'swillingnesstospend.Changesinstockpricesaffectafirm'sabilitytoraisefunds,andthustheirinvestment.AACSB:ApplicationofKnowledge31)Whyisitimportanttounderstandthebondmarket?Answer:Thebondmarketsupportseconomicactivitybyenablingthegovernmentandcorporationstoborrowtoundertaketheirprojectsanditisthemarketwhereinterestratesaredetermined.AACSB:ApplicationofKnowledge1.2WhyStudyFinancialInstitutionsandBanking?1)Channelingfundsfromindividualswithsurplusfundstothosedesiringfundswhenthesaverdoesnotpurchasetheborrower'ssecurityisknownasA)barter.B)redistribution.C)financialintermediation.D)taxation.Answer:CAACSB:ApplicationofKnowledge2)AfinancialcrisisisA)notpossibleinthemodernfinancialenvironment.B)amajordisruptioninthefinancialmarkets.C)afeatureofdevelopingeconomiesonly.D)typicallyfollowedbyaneconomicboom.Answer:BAACSB:ApplicationofKnowledge3)BanksareimportanttothestudyofmoneyandtheeconomybecausetheyA)channelfundsfrominvestorstosavers.B)havebeenasourceofrapidfinancialinnovation.C)aretheonlyimportantfinancialinstitutionintheU.S.economy.D)createinflation.Answer:BAACSB:ReflectiveThinking4)BanksA)provideachannelforlinkingthosewhowanttosavewiththosewhowanttoinvest.B)producenothingofvalueandarethereforeadrainonsociety'sresources.C)aretheonlyfinancialinstitutionsallowedtogiveloans.D)holdverylittleoftheaverageAmerican'swealth.Answer:AAACSB:ReflectiveThinking5)Banks,savingsandloanassociations,mutualsavingsbanks,andcreditunionsA)arenolongerimportantplayersinfinancialintermediation.B)sincederegulationnowprovideservicesonlytosmalldepositors.C)havebeenadeptatinnovatinginresponsetochangesintheregulatoryenvironment.D)producenothingofvalueandarethereforeadrainonsociety'sresources.Answer:CAACSB:ReflectiveThinking6)Financialinstitutionssearchfor________hasresultedinmanyfinancialinnovations.A)higherprofitsB)regulationsC)respectD)higherriskAnswer:AAACSB:ApplicationofKnowledge7)Banksandotherfinancialinstitutionsengageinfinancialintermediation,whichA)canhurttheperformanceoftheeconomy.B)canbenefiteconomicperformance.C)hasnoeffectoneconomicperformance.D)involvesborrowingfrominvestorsandlendingtosavers.Answer:BAACSB:ReflectiveThinking8)FinancialinstitutionsthatacceptdepositsandmakeloansarecalledA)exchanges.B)banks.C)over-the-countermarkets.D)financecompanies.Answer:BAACSB:ApplicationofKnowledge9)ThefinancialintermediariesthattheaveragepersoninteractswithmostfrequentlyareA)exchanges.B)over-the-countermarkets.C)financecompanies.D)banks.Answer:DAACSB:ApplicationofKnowledge10)WhichofthefollowingisNOTafinancialinstitution?A)AlifeinsurancecompanyB)ApensionfundC)AcreditunionD)AbusinesscollegeAnswer:DAACSB:ApplicationofKnowledge11)ThedeliveryoffinancialserviceselectronicallyiscalledA)e-business.B)e-commerce.C)e-finance.D)e-possible.Answer:CAACSB:InformationTechnology12)Whatcrucialroledofinancialintermediariesperforminaneconomy?Answer:Financialintermediariesborrowfundsfrompeoplewhohavesavedandmakeloanstootherindividualsandbusinessesandthusimprovetheefficiencyoftheeconomy.AACSB:ReflectiveThinking1.3WhyStudyMoneyandMonetaryPolicy?1)MoneyisdefinedasA)billsofexchange.B)anythingthatisgenerallyacceptedinpaymentforgoodsandservicesorintherepaymentofdebt.C)arisk-freerepositoryofspendingpower.D)theunrecognizedliabilityofgovernments.Answer:BAACSB:ApplicationofKnowledge2)TheupwardanddownwardmovementofaggregateoutputproducedintheeconomyisreferredtoastheA)rollercoaster.B)seesaw.C)businesscycle.D)shockwave.Answer:CAACSB:ApplicationofKnowledge3)SustaineddownwardmovementsinthebusinesscyclearereferredtoasA)inflation.B)recessions.C)economicrecoveries.D)expansions.Answer:BAACSB:ApplicationofKnowledge4)Duringarecession,outputdeclinesresultinA)lowerunemploymentintheeconomy.B)higherunemploymentintheeconomy.C)noimpactontheunemploymentintheeconomy.D)higherwagesfortheworkers.Answer:BAACSB:AnalyticalThinking5)Priortoalmostallrecessionssince1950,therehasbeenadropinA)inflation.B)themoneystock.C)thegrowthrateofthemoneystock.D)interestrates.Answer:CAACSB:ApplicationofKnowledge6)EvidencefrombusinesscyclefluctuationsintheUnitedStatesindicatesthatA)anegativerelationshipbetweenmoneygrowthandgeneraleconomicactivityexists.B)recessionsareusuallyprecededbydeclinesinbondprices.C)recessionsareusuallyprecededbydollardepreciation.D)recessionsareusuallyprecededbyadeclineinthegrowthrateofmoney.Answer:DAACSB:ReflectiveThinking7)________theoryrelatesthequantityofmoneyandmonetarypolicytochangesinaggregateeconomicactivityandinflation.A)MonetaryB)FiscalC)FinancialD)SystemicAnswer:AAACSB:ApplicationofKnowledge8)AcontinuingincreaseinthegrowthofthemoneysupplyislikelyfollowedbyA)arecession.B)adepression.C)anincreaseinthepricelevel.D)nochangeintheeconomy.Answer:CAACSB:ReflectiveThinking9)ItistruethatinflationisaA)continuousincreaseinthemoneysupply.B)continuousfallinprices.C)declineininterestrates.D)continuallyrisingpricelevel.Answer:DAACSB:ApplicationofKnowledge10)WhichofthefollowingisaTRUEstatement?A)MoneyorthemoneysupplyisdefinedasFederalReservenotes.B)Theaveragepriceofgoodsandservicesinaneconomyiscalledtheaggregatepricelevel.C)Theinflationrateismeasuredastherateofchangeinthefederalgovernmentbudgetdeficit.D)Theaggregatepricelevelismeasuredastherateofchangeintheinflationrate.Answer:BAACSB:ApplicationofKnowledge11)Ifthepriceswouldhavebeenmuchhighertenyearsagofortheitemstheaverageconsumerpurchasedlastmonth,thenonecanlikelyconcludethatA)theaggregatepricelevelhasdeclinedduringthisten-yearperiod.B)theaverageinflationrateforthisten-yearperiodhasbeenpositive.C)theaveragerateofmoneygrowthforthisten-yearperiodhasbeenpositive.D)theaggregatepricelevelhasrisenduringthisten-yearperiod.Answer:AAACSB:AnalyticalThinking12)From1950-2014thepricelevelintheUnitedStatesincreasedmorethanA)twofold.B)threefold.C)sixfold.D)tenfold.Answer:DAACSB:ReflectiveThinking13)CompleteMiltonFriedman'sfamousstatement,"Inflationisalwaysandeverywherea________phenomenon."A)recessionaryB)discretionaryC)repressionaryD)monetaryAnswer:DAACSB:ApplicationofKnowledge14)Thereisa________associationbetweeninflationandthegrowthrateofmoney________.A)positive;demandB)positive;supplyC)negative;demandD)negative;supplyAnswer:BAACSB:ApplicationofKnowledge15)EvidencefromtheUnitedStatesandotherforeigncountriesindicatesthatA)thereisastrongpositiveassociationbetweeninflationandgrowthrateofmoneyoverlongperiodsoftime.B)thereislittlesupportfortheassertionthat"inflationisalwaysandeverywhereamonetaryphenomenon."C)countrieswithlowmonetarygrowthratestendtoexperiencehigherratesofinflation,allelsebeingconstant.D)moneygrowthisclearlyunrelatedtoinflation.Answer:AAACSB:ReflectiveThinking16)CountriesthatexperienceveryhighratesofinflationmayalsohaveA)balancedbudgets.B)rapidlygrowingmoneysupplies.C)fallingmoneysupplies.D)constantmoneysupplies.Answer:BAACSB:ReflectiveThinking17)Between1950and1980intheU.S.,interestratestrendedupward.DuringthissametimeperiodA)therateofmoneygrowthdeclined.B)therateofmoneygrowthincreased.C)thegovernmentbudgetdeficit(expressedasapercentageofGNP)trendeddownward.D)theaggregatepriceleveldeclinedquitedramatically.Answer:BAACSB:ReflectiveThinking18)Themanagementofmoneyandinterestratesiscalled________policyandisconductedbyanation's________bank.A)monetary;superiorB)fiscal;superiorC)fiscal;centralD)monetary;centralAnswer:DAACSB:ApplicationofKnowledge19)TheorganizationresponsiblefortheconductofmonetarypolicyintheUnitedStatesistheA)ComptrolleroftheCurrency.B)U.S.Treasury.C)FederalReserveSystem.D)BureauofMonetaryAffairs.Answer:CAACSB:ApplicationofKnowledge20)________policyinvolvesdecisionsaboutgovernmentspendingandtaxation.A)MonetaryB)FiscalC)FinancialD)SystemicAnswer:BAACSB:ApplicationofKnowledge21)Whentaxrevenuesaregreaterthangovernmentexpenditures,thegovernmenthasabudgetA)crisis.B)deficit.C)surplus.D)revision.Answer:CAACSB:ApplicationofKnowledge22)Abudget________occurswhengovernmentexpendituresexceedtaxrevenuesforaparticulartimeperiod.A)deficitB)surplusC)surgeD)surfeitAnswer:AAACSB:ApplicationofKnowledge23)BudgetsdeficitscanbeaconcernbecausetheymightA)ultimatelyleadtohigherinflation.B)leadtolowerinterestrates.C)leadtoaslowerrateofmoneygrowth.D)leadtohigherbondprices.Answer:AAACSB:ReflectiveThinking24)BudgetdeficitsareimportantbecausedeficitsA)causebankfailures.B)alwayscauseinterestratestofall.C)canresultinhigherratesofmonetarygrowth.D)alwayscausepricestofall.Answer:CAACSB:ReflectiveThinking25)WhenabudgetdeficitoccursintheUnitedStates,theU.S.TreasuryfinancesthisdeficitbyA)borrowing.B)imposingamoratoriumofnewgovernmentspending.C)increasingthetaxrate.D)printingmoredollars.Answer:AAACSB:ApplicationofKnowledge26)Whathappenstoeconomicgrowthandunemploymentduringabusinesscyclerecession?Whatistherelationshipbetweenthemoneygrowthrateandabusinesscyclerecession?Answer:Duringarecession,outputdeclinesandunemploymentincreases.PriortoalmosteveryrecessionintheU.S.themoneygrowthratehasdeclined;however,noteverydeclineisfollowedbyarecession.AACSB:ReflectiveThinking1.4WhyStudyInternationalFinance?1)AmericancompaniescanborrowfundsA)onlyinU.S.financialmarkets.B)onlyinforeignfinancialmarkets.C)inbothU.S.andforeignfinancialmarkets.D)onlyfromtheU.S.government.Answer:CAACSB:Diverseandmulticulturalworkenvironments2)Thepriceofonecountry'scurrencyintermsofanothercountry'scurrencyiscalledtheA)exchangerate.B)interestrate.C)DowJonesindustrialaverage.D)primerate.Answer:AAACSB:ApplicationofKnowledge3)Themarketwhereonecurrencyisconvertedintoanothercurrencyiscalledthe________market.A)stockB)bondC)derivativesD)foreignexchangeAnswer:DAACSB:ApplicationofKnowledge4)Everythingelseconstant,astrongerdollarwillmeanthatA)vacationinginEnglandbecomesmoreexpensive.B)vacationinginEnglandbecomeslessexpensive.C)Frenchcheesebecomesmoreexpensive.D)Japanesecarsbecomemoreexpensive.Answer:BAACSB:AnalyticalThinking5)Whichofthefollowingismostlikelytoresultfromastrongerdollar?A)U.S.goodsexportedaboardwillcostlessinforeigncountries,andsoforeignerswillbuymoreofthem.B)U.S.goodsexportedaboardwillcostmoreinforeigncountriesandsoforeignerswillbuymoreofthem.C)U.S.goodsexportedabroadwillcostmoreinforeigncountries,andsoforeignerswillbuyfewerofthem.D)Americanswillpurchasefewerforeigngoods.Answer:CAACSB:Diverseandmulticulturalworkenvironments6)Everythingelseheldconstant,aweakerdollarwilllikelyhurtA)textileexportersinSouthCarolina.B)wheatfarmersinMontanathatselldomestically.C)automobilemanufacturersinMichiganthatusedomesticallyproducedinputs.D)furnitureimportersinCalifornia.Answer:DAACSB:Diverseandmulticulturalworkenvironments7)Everythingelseheldconstant,astrongerdollarbenefits________andhurts________.A)Americanbusinesses;AmericanconsumersB)Americanbusinesses;foreignbusinessesC)Americanconsumers;AmericanbusinessesD)foreignbusinesses;AmericanconsumersAnswer:CAACSB:Diverseandmulticulturalworkenvironments8)From1980toearly1985thedollar________invalue,therebybenefitingAmerican________.A)appreciated;consumersB)appreciated,businessesC)depreciated;consumersD)depreciated,businessesAnswer:AAACSB:Diverseandmulticulturalworkenvironments9)From1980to1985thedollarappreciatedrelativetotheBritishpound.Holdingeverythingelseconstant,onewouldexpectthat,whencomparedto1980A)fewerBritonstraveledtotheUnitedStatesin1985.B)BritonsimportedmorewinefromCaliforniain1985.C)AmericansexportedmorewheattoEnglandin1985.D)moreBritonstraveledtotheUnitedStatesin1985.Answer:AAACSB:Diverseandmulticulturalworkenvironments10)Whenin1985aBritishpoundcostapproximately$1.30,aShetlandsweaterthatcost100Britishpoundswouldhavecost$130.Withaweakerdollar,thesameShetlandsweaterwouldhavecostA)lessthan$130.B)morethan$130.C)$130,sincetheexchangeratedoesnotaffectthepricesthatAmericanconsumerspayforforeigngoods.D)$130,sincethedemandforShetlandsweaterswilldecreasetopreventanincreaseinpriceduetothestrongerdollar.Answer:BAACSB:Diverseandmulticulturalworkenvironments11)Everythingelseheldconstant,adecreaseinthevalueofthedollarrelativetoallforeigncurrenciesmeansthatthepriceofforeigngoodspurchasedbyAmericansA)increases.B)decreases.C)remainsunchanged.D)eitherincreases,decreases,orremainsunchanged.Answer:AAACSB:Diverseandmulticulturalworkenvironments12)AmericanfarmerswhosellbeeftoEuropebenefitmostfromA)adecreaseinthedollarpriceofeuros.B)anincreaseinthedollarpriceofeuros.C)aconstantdollarpriceforeuros.D)aEuropeanbanonimportsofAmericanbeef.Answer:BAACSB:Diverseandmulticulturalworkenvironments13)Ifthepriceofaeuro(theEuropeancurrency)increasesfrom$1.00to$1.10,then,everythingelseheldconstantA)aEuropeanvacationbecomeslessexpensive.B)aEuropeanvacationbecomesmoreexpensive.C)thecostofaEuropeanvacationisnotaffected.D)foreigntravelbecomesimpossible.Answer:BAACSB:ApplicationofKnowledge14)Everythingelseheldconstant,AmericanswholoveFrenchwinebenefitmostfromA)adecreaseinthedollarpriceofeuros.B)anincreaseinthedollarpriceofeuros.C)aconstantdollarpriceforeuros.D)abanonimportsfromEurope.Answer:AAACSB:ApplicationofKnowledge15)From2000to2014,thedollardepreciatedsubstantiallyagainstothercurrencies.ThisdropinvaluemostlikelybenefittedA)EuropeancitizenstravelingintheU.S.B)U.S.citizenstravelinginEurope.C)U.S.manufacturersimportingpartsfromabroad.D)U.S.citizenspurchasingforeign-madeautomobiles.Answer:AAACSB:ApplicationofKnowledge16)From1980-1985,thedollarstrengthenedinvalueagainstothercurrencies.Whowashelpedandwhowashurtbythisstrongdollar?Answer:Americanconsumersbenefittedbecauseimportswerecheaperandconsumerscouldpurchasemore.AmericanbusinessesandworkersinthosebusinesseswerehurtasdomesticandforeignsalesofAmericanproductsfell.AACSB:ReflectiveThinking1.5HowWeWillStudyMoney,Banking,andFinancialMarkets1)ThebasicconceptsusedintheanalyticframeworkofthistextincludeallofthefollowingEXCEPTA)thenot-for-profitnatureofmostfinancialinstitutions.B)abasicsupplyanddemandanalysistoexplainthebehavioroffinancialmarkets.C)anapproachtofinancialstructurebasedontransactioncostsandasymmetricinformation.D)theconceptofequilibrium.Answer:AAACSB:ApplicationofKnowledge2)Usingaunifiedanalyticframeworktopresenttheinformationinthe