金融市场与金融机构（原书第9版）题库chapter 9.docVIP

PAGE 23 Copyright ? 2018 Pearson Education, Inc. Financial Markets and Institutions, 9e (Mishkin) Chapter 9 Central Banks and the Federal Reserve System 9.1 Multiple Choice 1) Americans fear of centralized power and their distrust of moneyed interests explain why the U.S. did not have a central bank until the A) 17th century. B) 18th century. C) 19th century. D) 20th century. Answer: D Topic: Chapter 9.1 Origins of the Federal Reserve System Question Status: Previous Edition 2) Bank panics in 1819, 1837, 1857, 1873, 1884, 1893, and 1907 convinced many that A) the Federal Reserve needed greater control over the banking system. B) the Federal Reserve needed greater authority to deal with problem banks. C) a central bank was needed to prevent future financial panics. D) both A and B of the above. Answer: C Topic: Chapter 9.1 Origins of the Federal Reserve System Question Status: Previous Edition 3) The unusual structure of the Federal Reserve System is perhaps best explained by A) Americans fear of centralized power. B) the traditional American distrust of moneyed interests. C) Americans desire to remove control of the money supply from the U.S. Treasury. D) all of the above. E) only A and B of the above. Answer: E Topic: Chapter 9.1 Origins of the Federal Reserve System Question Status: Previous Edition 4) The traditional American distrust of moneyed interests and the fear of centralized power help to explain A) the failures of the first two experiments in central banking in the United States. B) the decentralized structure of the Federal Reserve System. C) why the Board of Governors of the Federal Reserve System is not located in New York. D) all of the above. E) only A and B of the above. Answer: D Topic: Chapter 9.1 Origins of the Federal Reserve System Question Status: Previous Edition 5) The financial panic of 1907 resulted in such widespread bank failures and substantial losses to depositors that the American public finally became co