05宏观经济学(曼昆-第6版-配套习题Word文档格式.doc

05宏观经济学(曼昆-第6版-配套习题Word文档格式.doc

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ANSWER:

a. capitalinvestment.

TYPE:

MDIFFICULTY:

1SECTION:

13.0

2. WhenacountrysavesalargerportionofitsGDP,itwillhave

a. lessinvestment,andsohavemorecapitalandhigherproductivity.

b. lessinvestment,andsohavelesscapitalandhigherproductivity.

c. moreinvestment,andsohavemorecapitalandhigherproductivity.

d. moreinvestment,andsohavelesscapitalandhigherproductivity.

c. moreinvestment,andsohavemorecapitalandhigherproductivity.

3. Institutionsintheeconomythathelptomatchoneperson'

ssavingwithanotherperson'

sinvestmentarecollectivelycalledthe

a. FederalReservesystem.

b. bankingsystem.

c. monetarysystem.

d. financialsystem.

d. financialsystem.

4. Alfred’sincomeexceedshisexpenditures.Alfredisa

a. saverwhodemandsmoneyfromthefinancialsystem.

b. saverwhosuppliesmoneytothefinancialsystem.

c. borrowerwhodemandsmoneyfromthefinancialsystem.

d. borrowerwhodemandsmoneyfromthefinancialsystem.

b. saverwhosuppliesmoneytothefinancialsystem.

13.1

5. Lucywantstostartherownpsychiatricpractice,butherexpendituresexceedherincome.Lucyisa

d. borrowerwhosuppliesmoneytothefinancialsystem.

c. borrowerwhodemandsmoneyfromthefinancialsystem.

6. Abondisa

a. financialintermediary.

b. certificateofindebtedness.

c. certificateofpartialownershipinanenterprise.

b. certificateofindebtedness.

7. Acertificateofindebtednessthatspecifiestheobligationsoftheborrowertotheholderiscalleda

a. bond.

b. stock.

c. mutualfund.

d. Alloftheabovearecorrect.

a. bond.

8. Ifthegovernment’sexpendituresexceededitsreceipts,itwouldlikely

a. lendmoneytoabankorotherfinancialintermediary.

b. borrowmoneyfromabankorotherfinancialintermediary.

c. directlybuybondsfromthepublic.

d. directlysellbondstothepublic.

d. directlysellbondstothepublic.

2SECTION:

9. IfMicrosoftsellsabondtheyare

a. borrowingdirectlyfromthepublic.

b. borrowingindirectlyfromthepublic.

c. lendingdirectlytothepublic.

d. lendingindirectlytothepublic.

a. borrowingdirectlyfromthepublic.

10. Whichofthefollowingiscorrect?

a. Thematurityofabondreferstotheamounttobepaidback.

b. Theprincipalofthebondreferstothepersonsellingthebond.

c. Abondbuyercannotsellabondbeforeitmatures.

d. Noneoftheabovearecorrect.

11. WhichofthefollowingisNOTanonsensicalheadline?

a. Britishperpetuitiesabouttomature.

b. Disneyissuesnewbondswithtermof$1,000each.

c. Governmentbondscurrentlypaylessinterestthancorporatebonds.

d. StandardandPoor’sjudgesnewjunkbondtohaveverylowcreditrisk.

c. Governmentbondscurrentlypaylessinterestthancorporatebonds.

12. Thelengthoftimeuntilabondmaturesiscalledthe

a. duration.

b. term.

c. maturity.

d. intermediation.

b. term.

13. Aperpetuityisdistinguishedfromotherbondsinthatit

a. payscontinuouslycompoundedinterest.

b. paysinterestonlywhenitmatures.

c. nevermatures.

d. willbeusedtopurchaseanotherbondwhenitmaturesunlesstheownerspecifiesotherwise.

c. nevermatures.

14. Whichofthefollowingiscorrect?

a. Somebondshavetermsasshortasafewmonths.

b. Becausetheyaresorisky,junkbondspayalowrateofinterest.

c. Corporationsbuybondstoraisefunds.

a. Somebondshavetermsasshortasafewmonths.

15. Whichofthefollowingiscorrect?

a. Lenderssellbondsandborrowersbuythem.

b. Long-termbondsusuallypayalowerinterestratethandoshort-termbondsbecauselong-termbondsare