货币金融学chapter4英文习题Word格式.docx

货币金融学chapter4英文习题Word格式.docx

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AACSB:

ApplicationofKnowledge

2）Thepresentvalueofanexpectedfuturepayment________astheinterestrateincreases.

A）falls

B）rises

C）isconstant

D）isunaffected

ReflectiveThinking

3）Anincreaseinthetimetothepromisedfuturepayment________thepresentvalueofthepayment.

A）decreases

B）increases

C）hasnoeffecton

D）isirrelevantto

4）Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximately

A）$106.

B）$100.

C）$94.

D）$92.

C

AnalyticalThinking

5）Whatisthepresentvalueof$tobepaidintwoyearsiftheinterestrateis5percent

A）$

B）$

C）$

D）$

6）Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateis

A）5percent.

B）10percent.

C）percent.

D）15percent.

B

7）Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheprocessof

A）facevalue.

B）parvalue.

C）deflation.

D）discountingthefuture.

D

8）Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasa

A）simpleloan.

B）fixed-paymentloan.

C）couponbond.

D）discountbond.

9）Acreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasa

10）WhichofthefollowingareTRUEoffixedpaymentloans

A）Theborrowerrepaysboththeprincipalandinterestatthematuritydate.

B）Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.

C）Theborrowerpaysinterestperiodicallyandtheprincipalatthematuritydate.

D）Commercialloanstobusinessesareoftenofthistype.

11）Afullyamortizedloanisanothernamefor

A）asimpleloan.

B）afixed-paymentloan.

C）acommercialloan.

D）anunsecuredloan.

12）Acreditmarketinstrumentthatpaystheownerafixedcouponpaymenteveryyearuntilthematuritydateandthenrepaysthefacevalueiscalleda

13）A________paystheownerafixedcouponpaymenteveryyearuntilthematuritydate,whenthe________valueisrepaid.

A）couponbond;

discount

B）discountbond;

C）couponbond;

face

D）discountbond;

14）The________isthefinalamountthatwillbepaidtotheholderofacouponbond.

A）discountvalue

B）couponvalue

C）facevalue

D）presentvalue

15）Whentalkingaboutacouponbond,facevalueand________meanthesamething.

A）parvalue

C）amortizedvalue

D）discountvalue

16）Thedollaramountoftheyearlycouponpaymentexpressedasapercentageofthefacevalueofthebondiscalledthebond'

s

A）couponrate.

B）maturityrate.

C）facevaluerate.

D）paymentrate.

17）The________iscalculatedbymultiplyingthecouponratetimestheparvalueofthebond.

B）facevalue

C）couponpayment

D）maturitypayment

18）Ifa$1000facevaluecouponbondhasacouponrateofpercent,thenthecouponpaymenteveryyearis

A）$.

B）$.

C）$.

19）Ifa$5,000couponbondhasacouponrateof13percent,thenthecouponpaymenteveryyearis

A）$650.

B）$1,300.

C）$130.

D）$13.

20）An$8,000couponbondwitha$400couponpaymenteveryyearhasacouponrateof

B）8percent.

C）10percent.

D）40percent.

21）A$1000facevaluecouponbondwitha$60couponpaymenteveryyearhasacouponrateof

A）.6percent.

B）5percent.

C）6percent.

D）10percent.

22）AllofthefollowingareexamplesofcouponbondsEXCEPT

A）corporatebonds.

B）.Treasurybills.

C）.Treasurynotes.

D）.