《金融市场与金融机构》课后习题答案(推荐文档).docxVIP

PAGE PAGE # 《金融市场与金融机构》米什金第七版课后习题答案 （请集中复习1-6、10-13、15章） 第一章为什么研究金融市场与金融机构 ■ Answers to End-of-Chapter Questions Because ihey eh mine] funds from (hese who do not huve ；i pruduciive use for ihcm to ihose who du. thereby resulcing iti higher economic ctriciency. Businesses would cul investmenl *pending because the cisr cf financing ihis spending K now higher uiul consumers would be likely to purchase a hou^e or a car becuu^e I he co^t uf finuiKing I heir 卩urvlusc is higher. A change in interest rates affects the oust ot acquiring funds lor fiinancial inslitutinn as well』忌 changes the income cm assets Mich ss I烛both of which affect profits. In addition, changes in inlere^t vn\cs jffccl llic price uf assets Mich us xt(ck nnd bunds Out the finjneial instilutHiti uwns which eun I cud tu profH: or losses N. People whu hismiw tu purthast u house i】r a car are worse bevuw it cos In them itmhc io finuncc their purchase; hoivever, ?uvei\ beneFl hec；iu.\c lhey can eum higher inrere.st rates on their livings The lower price lor a Jinns shui^^ mc;ms [hu( it cun rui^c u smaller amount uf funds, unJ m invcMmcnt in plant und cquipmcnl will 由I】， 6- Higher price、mean tha( cynMiiners1 weuhh is higher and they will be more likely to increase [heir spending. 7.. (t makes foreign giwids irore 亡xpensive and sh British consumers will buy less foreign gtiods and mare domtMic guods, 1( Brilish mure expensive nbh(i vc lo American gutKls. A inc ri cun biiMne\M；s vmH Rud it easier to sell their goods in the United States and abmad, and the demand fb「their pnxiuctii will rise. U_ Chances in foreign exchange nJes change lhe value of assets held hy nnnncial institulions und ihus lead lo gEiins ?nd on these Alsouhanges in foreign cxuhangi： nile^ utTcul [he profile Trude by Iriiders in fbnr电n tr^chan^ whu work ftir flmmciEil insiitutions, 1“ In the mid- \t late 197()s und lhe larc IMSDs and early 1990s. the value (if the dollar was 1nwL iiiLiking (ravel jibruiid relalively mure expensive； ihut