单选题 The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least( b )

A、 14 years old.
B、 16 years old.
C、 18 years old.
D、 21 years old.
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单选题 Most entrepreneurs do not have enough money of their own to start their businesses. When they acquire the necessary funds from someone else, ( c )

A、 their consumption expenditures are being financed by someone else’s saving.
B、 their consumption expenditures are being financed by someone else’s investment.
C、 their investments are being financed by someone else’s saving.
D、 their saving is being financed by someone else’s investment.

单选题 When a large, well-known corporation wishes to borrow directly from the public, it can ( a )

A、 sell bonds.
B、 sell shares of stock.
C、 go to a bank for a loan.
D、 All of the above are correct.

单选题 Norberto is opening a bicycle shop, and his monthly expenditures to get the shop up and running exceed his monthly income. Norberto is best described as a ( d )

A、 saver or as a supplier of funds.
B、 saver or as a demander of funds.
C、 borrower or as a supplier of funds.
D、 borrower or as a demander of funds.

单选题 The fact that borrowers sometimes default on their loans by declaring bankruptcy is directly related to the characteristic of a bond called ( a )

A、 credit risk.
B、 interest risk.
C、 term risk.
D、 private risk.

单选题 The primary economic function of the financial system is to ( d )

A、 keep interest rates low.
B、 provide expert advice to savers and investors.
C、 match one person’s consumption expenditures with another person’s capital expenditures.
D、 match one person’s saving with another person’s investment.

单选题 Institutions that help to match one person's saving with another person's investment are collectively called the( d )

A、 Federal Reserve system.
B、 banking system.
C、 monetary system.
D、 financial system.

单选题 Given that Monika's income exceeds her expenditures, Monika is best described as a( a )

A、 saver or as a supplier of funds.
B、 saver or as a demander of funds.
C、 borrower or as a supplier of funds.
D、 borrower or as a demander of funds.

单选题 At the broadest level, the financial system moves the economy’s scarce resources from( d )

A、 the rich to the poor.
B、 financial institutions to business firms and government.
C、 households to financial institutions.
D、 savers to borrowers.