Mishkinchapter10Exercises解读.docx

Mishkinchapter10Exercises解读.docx

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Mishkinchapter10Exercises解读

TheEconomicsofMoney,Banking,andFinancialMarket9e（Mishkin）-GlobalEditionChapter10BankingandtheManagementofFinancialInstitutions

10.1TheBankBalanceSheet

1）Whichofthefollowingstatementsaretrue?

A）Abank'sassetsareitssourcesoffunds.

B）Abank'sliabilitiesareitsusesoffunds.

C）Abank'sbalancesheetshowsthattotalassetsequaltotalliabilitiesplusequitycapital.

D）Abank'sbalancesheetindicateswhetherornotthebankisprofitable.

Answer:

C

QuesStatus:

PreviousEdition

2）Whichofthefollowingstatementsisfalse?

A）Abank'sassetsareitsusesoffunds.

B）Abankissuesliabilitiestoacquirefunds.

C）Thebank'sassetsprovidethebankwithincome.

D）Bankcapitalisrecordedasanassetonthebankbalancesheet.

Answer:

D

QuesStatus:

PreviousEdition

3）Whichofthefollowingarereportedasliabilitiesonabank'sbalancesheet?

A）Reserves

B）Checkabledeposits

C）Loans

D）Depositswithotherbanks

Answer:

B

QuesStatus:

PreviousEdition

4）Whichofthefollowingarereportedasliabilitiesonabank'sbalancesheet?

A）Discountloans

B）Reserves

C）U.S.Treasurysecurities

D）Loans

Answer:

A

QuesStatus:

PreviousEdition

5）Theshareofcheckabledepositsintotalbankliabilitieshas

A）expandedmoderatelyovertime.

B）expandeddramaticallyovertime.

C）shrunkovertime.

D）remainedvirtuallyunchangedsince1960.

Answer:

C

QuesStatus:

PreviousEdition

6）Whichofthefollowingstatementsisfalse?

A）Checkabledepositsareusuallythelowestcostsourceofbankfunds.

B）Checkabledepositsaretheprimarysourceofbankfunds.

C）Checkabledepositsarepayableondemand.

D）CheckabledepositsincludeNOWaccounts.

Answer:

B

QuesStatus:

PreviousEdition

7）Inrecentyearstheinterestpaidoncheckableandtimedepositshasaccountedforaroundoftotalbankoperatingexpenses,whilethecostsinvolvedinservicingaccountshavebeenapproximatelyofoperatingexpenses.

A）45percent;55percent

B）55percent;4percent

C）25percent;50percent

D）50percent;30percent

Answer:

C

QuesStatus:

PreviousEdition

8）Whichofthefollowingstatementsaretrue?

A）Checkabledepositsarepayableondemand.

B）CheckabledepositsdonotincludeNOWaccounts.

C）Checkabledepositsaretheprimarysourceofbankfunds.

D）Demanddepositsarecheckabledepositsthatpayinterest.Answer:

A

QuesStatus:

PreviousEdition

9）Becausecheckingaccountsareliquidforthedepositorthanpassbooksavings,they

earninterestrates.

A）less;higher

B）less;lower

C）more;higher

D）more;lower

Answer:

D

QuesStatus:

PreviousEdition

10）Whichofthefollowingaretransactiondeposits?

A）Savingsaccounts

B）Small-denominationtimedeposits

C）Negotiableorderofwithdrawaccounts

D）Certificatesofdeposit

Answer:

C

QuesStatus:

PreviousEdition

11）Whichofthefollowingisnotanontransactiondeposit?

A）Savingsaccounts

B）Small-denominationtimedeposits

C）Negotiableorderofwithdrawalaccounts

D）Certificateofdeposit

Answer:

C

QuesStatus:

PreviousEdition

12）Large-denominationCDsare,sothatlikeabondtheycanberesoldina

marketbeforetheymature.

A）nonnegotiable;secondary

B）nonnegotiable;primary

C）negotiable;secondary

D）negotiable;primary

Answer:

C

QuesStatus:

PreviousEdition

13）Becausearelessliquidforthedepositorthan,theyearnhigherinterest

rates.

A）moneymarketdepositaccounts;timedeposits

B）checkabledeposits;passbooksavings

C）passbooksavings;checkabledeposits

D）passbooksavings;timedeposits

Answer:

C

QuesStatus:

PreviousEdition

14）Becausearelessliquidforthedepositorthan,theyearnhigherinterest

rates.

A）passbooksavings;timedeposits

B）moneymarketdepositaccounts;timedeposits

C）moneymarketdepositaccounts;passbooksavings

D）timedeposits;passbooksavings

Answer:

D

QuesStatus:

PreviousEdition

15）Banksacquirethefundsthattheyusetopurchaseincome-earningassetsfromsuchsourcesas

A）cashitemsintheprocessofcollection

B）savingsaccounts.

C）reserves.

D）depositsatotherbanks.

Answer:

B

QuesStatus:

PreviousEdition

16）BankloansfromtheFederalReservearecalledandrepresentaoffunds.

A）discountloans;use

B）discountloans;source

C）fedfunds;use

D）fedfunds;source

Answer:

B

QuesStatus:

PreviousEdition

17）Whichofthefollowingisnotasourceofborrowingsforabank?

A）Federalfunds

B）Eurodollars

C）Transactiondeposits

D）Discountloans

Answer:

C

QuesStatus:

PreviousEdition

18）Bankcapitalisequaltominus.

A）totalassets;totalliabilities

B）totalliabilities;totalassets

C）totalassets;totalreserves

D）totalliabilities;totalborrowings

Answer:

A

QuesStatus:

PreviousEdition

19）Bankcapitalislistedonthesideofthebank'sbalancesheetbecauseitrepresentsa

offunds.

A）liability;use

B）liability;source

C）asset;use

D）asset;sourceAnswer:

B

QuesStatus:

PreviousEdition

20）Bankreservesinclude

A）depositsattheFedandshort-termtreasurysecurities.

B）vaultcashandshort-termTreasurysecurities.

C）vaultcashanddepositsattheFed.

D）depositsatotherbanksanddepositsattheFed.Answer:

C

QuesStatus:

PreviousEdition

21）Thefractionofcheckabledepositsthatbanksarerequiredbyregulationtoholdare

A）excessreserves.

B）requiredreserves.

C）vaultcash.

D）totalreserves.

Answer:

B

QuesStatus:

PreviousEdition

22）Whichofthefollowingarereportedasassetsonabank'sbalancesheet?

A）Borrowings

B）Reserves

C）Savingsdeposits

D）Bankcapital

Answer:

B

QuesStatus:

PreviousEdition

23）Whichofthefollowingarenotreportedasassetsonabank'sbalancesheet?

A）Cashitemsintheprocessofcollection

B）Depositswithotherbanks

C）U.S.Treasurysecurities

D）Checkabledeposits

Answer:

D

QuesStatus:

PreviousEdition

24）Throughcorrespondentbanking,largebanksprovideservicestosmallbanks,including

A）loanguarantees.

B）foreignexchangetransactions.

C）issuingstock.

D）debtreduction.

Answer:

B

QuesStatus:

PreviousEdition

25）Thelargestpercentageofbanks'holdingsofsecuritiesconsistof

A）Treasuryandgovernmentagencysecurities.

B）tax-exemptmunicipalsecurities.

C）stateandlocalgovernmentsecurities.

D）corporatesecurities.

Answer:

A

QuesStatus:

PreviousEdition

26）Whichofthefollowingbankassetsisthemostliquid?

A）Consumerloans

B）Reserves

C）Cashitemsinprocessofcollection

D）U.S.governmentsecurities

Answer:

B

QuesStatus:

PreviousEdition

27）Secondaryreservesinclude

A）depositsatFederalReserveBanks.

B）depositsatotherlargebanks.

C）short-termTreasurysecurities.

D）stateandlocalgovernmentsecurities.

Answer:

C

QuesStatus:

PreviousEdition

28）Becauseoftheirliquidity,U.S.governmentsecuritiesarecalled

secondaryreserves.

A）low;short-term

B）low;long-term

C）high;short-term

D）high;long-term

Answer:

C

QuesStatus:

PreviousEdition

29）Secondaryreservesaresocalledbecause

A）theycanbeconvertedintocashwithlowtransactionscosts.

B）theyarenoteasilyconvertedintocash,andare,therefore,ofsecondaryimportancetobankingfirms.

C）50%oftheseassetscounttowardmeetingrequiredreserves.

D）theyranksecondtobankvaultcashinimportanceofbankholdings.Answer:

A

QuesStatus:

PreviousEdition

30）Banks'assetportfoliosincludestateandlocalgovernmentsecuritiesbecause

A）theirinterestpaymentsaretaxdeductibleforfederalincometaxes.

B）banksconsiderthemhelpfulinattractingaccountsofFederalemployees.

C）theFederalReserverequiresmemberbankstobuysecuritiesfromstateandlocalgovernmentslocatedwithintheirrespectiveFederalReservedistricts.

D）thereisnodefault-riskwithstateandlocalgovernmentsecurities.Answer:

A

QuesStatus:

PreviousEdition

31）Bank'smaketheirprofitsprimarilybyissuing.

A）equity

B）negotiableCDs

C）loans

D）NOWaccounts

Answer:

C

QuesStatus:

PreviousEdition

32）Themostimportantcategoryofassetsonabank'sbalancesheetis

A）discountloans.

B）securities.

C）loans.

D）cashitemsintheprocessofcollection.

Answer:

C

QuesStatus:

PreviousEdition

33）Whichofthefollowingarebankassets?

A）thebuildingownedbythebank

B）adiscountloan

C）anegotiableCD

D）acustomer'scheckingaccount

Answer:

A

QuesStatus:

New

10.2BasicBanking

1）Banksearnprofitsbysellingwithattractivecombinationsofliquidity,risk,and

return,andusingtheproceedstobuywithadifferentsetofcharacteristics.

A）loans;deposits

B）securities;deposits

C）liabilities;assets

D）assets;liabilities

Answer:

C

QuesStatus:

PreviousEdition

2）Ingeneral,banksmakeprofitsbysellingliabilitiesandbuyingassets.

A）long-term;shorter-term

B）short-term;longer-term

C）illiquid;liquid

D）risky;risk-free

Answer:

B

QuesStatus:

PreviousEdition

3）Assettransformationcanbedescribedas

A）borrowinglongandlendingshort.

B）borrowingshortandlendinglong.

C）borrowingandlendingonlyfortheshortterm.

D）borrowingandlendingforthelongterm.Answer:

B

QuesStatus:

PreviousEdition

4）WhenanewdepositoropensacheckingaccountattheFirstNationalBank,thebank'sassetsanditsliabilities.

A）increase;increase

B）increase;decrease

C）decrease;increase

D）decrease;decrease

Answer:

A

QuesStatus:

PreviousEdition

5）WhenJaneBrownwritesa$100checktohernephew（wholivesinanotherstate）,Ms.Brown'sbankassetsof$100andliabilitiesof$100.

A）gains;gains

B）gains;loses

C）loses;gains

D）loses;loses

Answer:

D

QuesStatus:

PreviousEdition

6）Whenyoudeposita$50billintheSecurityPacificNationalBank,

A）itsliabilitiesdecreaseby$50.

B）itsassetsincreaseby$50.

C）itsreservesdecreaseby$50.

D）itscashitemsintheprocessofcollectionincreaseby$50.

Answe