金融市场与金融机构（原书第9版）题库chapter 27.docVIP

PAGE 10 Copyright ? 2018 Pearson Education, Inc. Financial Markets and Institutions, 9e (Mishkin) Chapter 27 Finance Companies 27.1 Multiple Choice 1) The earliest examples of finance companies date back to the beginning of the ________ when retailers offered installment credit to customers. A) 1800s B) 1900s C) 1950s D) 1980s Answer: A Topic: Chapter 27.1 History of Finance Companies Question Status: Previous Edition 2) A balloon loan requires A) multiple payments at odd, random intervals. B) periodic payments of principle and interest. C) a single large payment at the loans maturity to retire the debt. D) a steadily increasing payment (floating balloon) to retire the debt. Answer: C Topic: Chapter 27.1 History of Finance Companies Question Status: Previous Edition 3) In the early 1900s, banks did not offer loans to purchase automobiles. This is because A) banks could not make a profit on car loans. B) only finance companies were permitted to offer car loans. C) banks could not repossess a car if the loan defaulted. D) banks did not view a car as a productive asset. Answer: D Topic: Chapter 27.1 History of Finance Companies Question Status: Previous Edition 4) By the end of 2015, banks held $1,271 billion in consumer loans, compared to ________ by finance companies. A) $225 billion B) $440 billion C) $895 billion D) $1,333 billion Answer: C Topic: Chapter 27.1 History of Finance Companies Question Status: New Question 5) Finance companies are ________ market intermediaries. A) stock B) bond C) FX D) money Answer: D Topic: Chapter 27.2 Purpose of Finance Companies Question Status: Previous Edition 6) How do consumer loans differ between those issued by finance companies and those issued by banks? A) Loans made by finance companies are often riskier than those issued by banks. B) Consumer finance companies are typically owned by the manufacturer whose products are being financed. C) Both A and B of the above are correct. D) None of the a