3.In emerging market countries, many firms have debt denominated in foreign currency like the dollar or yen. A depreciation of the domestic currency

　results in increases in the firmʹs indebtedness in domestic currency terms, even though the value of their assets remains unchanged.

　results in an increase in the value of the firmʹs assets.

　means that the firm does not owe as much on their foreign debt.

　strengthens their balance sheet in terms of the domestic currency.

正确答案：A

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2.A bank panic can lead to a severe contraction in economic activity due to

1.A financial crisis occurs when an increase in asymmetric information from a disruption in the financial system

10. Financial innovation has caused

9. Money market mutual funds

8. Newly-issued high-yield bonds rated below investment grade by the bond-rating agencies are frequently referred to as

7. Automated teller machines

6. An instrument developed to help investors and institutions hedge interest -rate risk is

5. Uncertainty about interest-rate movements and returns is called .

4. Financial innovations occur because of financial institutions search for .

3.The Federal Reserve Act required allbanks to become members of the Federal Reserve System, whilebanks could choose to become members of the system.