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솔루션 자료 The economics of money, banking and financial markets 9판 솔루션 등록


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[솔루션] The economics of money, banking and financial markets 9판 솔루션 입니다. 저자 : frederic s. mishikin 출판사 : pearson 많은 도움 되시길 바래용!

[솔루션] The economics of money, banking and financial markets 9판 솔루션 입니다.

저자 : frederic s. mishikin

출판사 : pearson

많은 도움 되시길 바래용!PART THREE Answers to End-of-Chapter Problems

Chapter 1
Why Study Money, Banking, and Financial Markets?
2. The data in Figures 1, 2, 3, and 4 suggest that real output, the inflation rate, and interest rates would all fail. 4. You might be more likely to buy a house or a car because the cost of financing them would fall, or you might be less likely to save because you earn less on your savings. 6. No. It is true that people who borrow to purchase a house or a car are worse off because it costs them more to finance their purchase; however, savers benefit because they can earn higher interest rates on their savings. 7. The basic activity of banks is to accept deposits and make loans. 8. They channel funds from people who do not have a productive use for them to people who do, thereby resulting in higher economic efficiency. 9. The interest rate on three-month Treasury bills fluctuates more than the other interest rates and is lower on average. The interest rate on Baa corporate bonds is higher on average than the other interest rates. 10. The lower price for a firm’s shares means that it can raise a smaller amount of funds, so investment in facilities and equipment will fall. 11. Higher stock prices means that consumers’ wealth is higher, and they will be more likely to increase their spending. 12. It makes foreign goods more expensive, so British consumers will buy fewer foreign goods and more domestic goods. 13. It makes British goods more expensive relative to American goods. Thus American businesses will find it easier to sell their goods in the United States and abroad, and the demand for their products will rise. 14. In the mid- to late 1970s and in the late 1980s and early 1990s, the value of the dollar was low, making travel abroad relatively more expensive; thus it was a good time to vacation in the United States and see the Grand Canyon. With the rise in the dollar’s value in the early 1980s, travel abroad became relatively cheaper, making it a good time to visit the Tower of London. 15. When the dollar increases in value, foreign goods become less expensive relative to American goods; thus you are more likely to buy French-made jeans than American-made jeans. The resulting drop in demand for American-made jeans because of the strong dollar hurts American jeans manufacturers. On the other hand, the American company that imports jeans into the United States now finds that the demand for its product has risen, so it is better off when the dollar is strong.
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Mishkin ? The Economics of Money, Banking, and Financial Markets, Ninth Edition

Chapter 2
An Overview of the Financial System
1. The share of Microsoft stock is an asset for its owner, because it entitles the owner to a share of the earnings and assets of Microsoft. The share is a liability for Microsoft, because it is a claim on its earnings and assets by the owner of the share. 2. Yes, I should take out the loan, because I will be better off as a result of doing s


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[문서정보]

문서분량 : 58 Page
파일종류 : PDF 파일
자료제목 :
파일이름 : m03_mish9803_part3_9.pdf
키워드 : 솔루션,자료,The,economics,of,money,banking,and,financial,markets


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