1、单选题：
The nature of finance is capital financing, or fund circulating, that is, transferring funds from capital providers to capital demanders. ( )
选项：
A:True
B:False
答案: 【True】

2、单选题：
Banks are the only important financial institutions. ( )
选项：
A:False
B:True
答案: 【False】

3、单选题：
Financial markets can promote economic efficiency, but can not improve the well-being of consumers. ( )
选项：
A:False
B:True
答案: 【False】

4、单选题：
When businesses go looking for funds to finance their activities, they usually obtain them directly from securities markets and not indirectly through financial intermediaries. ( )
选项：
A:True
B:False
答案: 【False】

5、单选题：
Financial markets promote greater economic efficiency by channeling funds from ________ to ________. ( )
选项：
A:borrowers; savers
B:savers; borrowers
C:savers; lenders
D:investors; savers
答案: 【savers; borrowers】

6、单选题：
Financial institutions that accept deposits and make loans are called ___. ( )
选项：
A:banks.
B:finance companies.
C:mutual funds.
D:exchanges.
答案: 【banks.】

7、单选题：
China's financial system is ___ financial system. ( )
选项：
A:market-oriented
B:direct-financing-oriented
C:bank-oriented
D:indirect-financing-oriented
答案: 【bank-oriented】

8、多选题：
Which of the following statements are TRUE? ( )
选项：
A:direct finance can alleviate asymmetric information.
B:direct finance can reduce transaction costs.
C:indirect finance can reduce transaction costs.
D:indirect finance can alleviate asymmetric information.
答案: 【indirect finance can reduce transaction costs.;
indirect finance can alleviate asymmetric information.】

9、多选题：
Government regulations to reduce the possibility of financial panic include all of the following EXCEPT ___. ( )
选项：
A:disclosure.
B:economies of scope.
C:transactions costs.
D:restrictions on assets and activities.
答案: 【economies of scope.;
transactions costs.】

10、多选题：
Which of the following are contractual savings institutions? ( )
选项：
A:pension fund
B:finance company
C:life insurance company
D:mutual funds
答案: 【pension fund;
life insurance company;
mutual funds】