第4单元金融考试题西南财经大学天府学院.docx
《第4单元金融考试题西南财经大学天府学院.docx》由会员分享，可在线阅读，更多相关《第4单元金融考试题西南财经大学天府学院.docx（24页珍藏版）》请在冰豆网上搜索。
第4单元金融考试题西南财经大学天府学院
FinancialMarketsandInstitutions,7e（Mishkin）
Chapter4WhyDoInterestRatesChange?
4.1MultipleChoice
1）Asthepriceofabond________andtheexpectedreturn________,bondsbecomemoreattractivetoinvestorsandthequantitydemandedrises.
A）falls;rises
B）falls;falls
C）rises;rises
D）rises;falls
Answer:
A
2）Thesupplycurveforbondshastheusualupwardslope,indicatingthatastheprice________,ceterisparibus,the________increases.
A）falls;supply
B）falls;quantitysupplied
C）rises;supply
D）rises;quantitysupplied
Answer:
D
3）Whenthepriceofabondisabovetheequilibriumprice,thereisexcess________inthebondmarketandthepricewill________.
A）demand;rise
B）demand;fall
C）supply;fall
D）supply;rise
Answer:
C
4）Whenthepriceofabondisbelowtheequilibriumprice,thereisexcess________inthebondmarketandthepricewill________.
A）demand;rise
B）demand;fall
C）supply;fall
D）supply;rise
Answer:
A
5）Whenthepriceofabondis________theequilibriumprice,thereisanexcesssupplyofbondsandthepricewill________.
A）above;rise
B）above;fall
C）below;fall
D）below;rise
Answer:
B
6）Whenthepriceofabondis________theequilibriumprice,thereisanexcessdemandforbondsandthepricewill________.
A）above;rise
B）above;fall
C）below;fall
D）below;rise
Answer:
D
7）Whentheinterestrateonabondisabovetheequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.
A）demand;rise
B）demand;fall
C）supply;fall
D）supply;rise
Answer:
B
8）Whentheinterestrateonabondisbelowtheequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.
A）demand;rise
B）demand;fall
C）supply;fall
D）supply;rise
Answer:
D
9）Whentheinterestrateonabondis________theequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.
A）above;demand;fall
B）above;demand;rise
C）below;supply;fall
D）above;supply;rise
Answer:
A
10）Whentheinterestrateonabondis________theequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.
A）below;demand;rise
B）below;demand;fall
C）below;supply;rise
D）above;supply;fall
Answer:
C
11）Whenthedemandforbonds________orthesupplyofbonds________,interestratesrise.
A）increases;increases
B）increases;decreases
C）decreases;decreases
D）decreases;increases
Answer:
D
12）Whenthedemandforbonds________orthesupplyofbonds________,interestratesfall.
A）increases;increases
B）increases;decreases
C）decreases;decreases
D）decreases;increases
Answer:
B
13）Whenthedemandforbonds________orthesupplyofbonds________,bondpricesrise.
A）increases;decreases
B）decreases;increases
C）decreases;decreases
D）increases;increases
Answer:
A
14）Whenthedemandforbonds________orthesupplyofbonds________,bondpricesfall.
A）increases;increases
B）increases;decreases
C）decreases;decreases
D）decreases;increases
Answer:
D
15）Factorsthatdeterminethedemandforanassetincludechangesinthe
A）wealthofinvestors.
B）liquidityofbondsrelativetoalternativeassets.
C）expectedreturnsonbondsrelativetoalternativeassets.
D）riskofbondsrelativetoalternativeassets.
E）alloftheabove.
Answer:
E
16）Thedemandforanassetrisesif________falls.
A）riskrelativetootherassets
B）expectedreturnrelativetootherassets
C）liquidityrelativetootherassets
D）wealth
Answer:
A
17）Thehigherthestandarddeviationofreturnsonanasset,the________theasset's________.
A）greater;risk
B）smaller;risk
C）greater;expectedreturn
D）smaller;expectedreturn
Answer:
A
18）Diversificationbenefitsaninvestorby
A）increasingwealth.
B）increasingexpectedreturn.
C）reducingrisk.
D）increasingliquidity.
Answer:
C
19）Inarecessionwhenincomeandwealtharefalling,thedemandforbonds________andthedemandcurveshiftstothe________.
A）falls;right
B）falls;left
C）rises;right
D）rises;left
Answer:
B
20）Duringbusinesscycleexpansionswhenincomeandwealtharerising,thedemandforbonds________andthedemandcurveshiftstothe________.
A）falls;right
B）falls;left
C）rises;right
D）rises;left
Answer:
C
21）Higherexpectedinterestratesinthefuture________thedemandforlong-termbondsandshiftthedemandcurvetothe________.
A）increase;left
B）increase;right
C）decrease;left
D）decrease;right
Answer:
C
22）Lowerexpectedinterestratesinthefuture________thedemandforlong-termbondsandshiftthedemandcurvetothe________
A）increase;left.
B）increase;right.
C）decrease;left.
D）decrease;right.
Answer:
B
23）Whenpeoplebegintoexpectalargestockmarketdecline,thedemandcurveforbondsshiftstothe________andtheinterestrate________.
A）right;falls
B）right;rises
C）left;falls
D）left;rises
Answer:
A
24）Whenpeoplebegintoexpectalargerunupinstockprices,thedemandcurveforbondsshiftstothe________andtheinterestrate________.
A）right;rises
B）right;falls
C）left;falls
D）left;rises
Answer:
D
25）Anincreaseintheexpectedrateofinflationwill________theexpectedreturnonbondsrelativetothaton________assets,andshiftthe________curvetotheleft.
A）reduce;financial;demand
B）reduce;real;demand
C）raise;financial;supply
D）raise;real;supply
Answer:
B
26）Adecreaseintheexpectedrateofinflationwill________theexpectedreturnonbondsrelativetothaton________assets.
A）reduce;financial
B）reduce;real
C）raise;financial
D）raise;real
Answer:
D
27）Whentheexpectedinflationrateincreases,thedemandforbonds________,thesupplyofbonds________,andtheinterestrate________.
A）increases;increases;rises
B）decreases;decreases;falls
C）increases;decreases;falls
D）decreases;increases;rises
Answer:
D
28）Whentheexpectedinflationratedecreases,thedemandforbonds________,thesupplyofbonds________,andtheinterestrate________.
A）increases;increases;rises
B）decreases;decreases;falls
C）increases;decreases;falls
D）decreases;increases;rises
Answer:
C
29）Whenbondpricesbecomemorevolatile,thedemandforbonds________andtheinterestrate________.
A）increases;rises
B）increases;falls
C）decreases;falls
D）decreases;rises
Answer:
D
30）Whenbondpricesbecomelessvolatile,thedemandforbonds________andtheinterestrate________.
A）increases;rises
B）increases;falls
C）decreases;falls
D）decreases;rises
Answer:
B
31）Whenpricesinthestockmarketbecomemoreuncertain,thedemandcurveforbondsshiftstothe________andtheinterestrate________.
A）right;rises
B）right;falls
C）left;falls
D）left;rises
Answer:
B
32）Whenstockpricesbecomelessvolatile,thedemandcurveforbondsshiftstothe________andtheinterestrate________.
A）right;rises
B）right;falls
C）left;falls
D）left;rises
Answer:
D
33）Whenbondsbecomemorewidelytraded,andasaconsequencethemarketbecomesmoreliquid,thedemandcurveforbondsshiftstothe________andtheinterestrate________.
A）right;rises
B）right;falls
C）left;falls
D）left;rises
Answer:
B
34）Whenbondsbecomelesswidelytraded,andasaconsequencethemarketbecomeslessliquid,thedemandcurveforbondsshiftstothe________andtheinterestrate________.
A）right;rises
B）right;falls
C）left;falls
D）left;rises
Answer:
D
35）Factorsthatcausethedemandcurveforbondstoshifttotheleftinclude
A）anincreaseintheinflationrate.
B）anincreaseintheliquidityofstocks.
C）adecreaseinthevolatilityofstockprices.
D）alloftheabove.
E）noneoftheabove.
Answer:
D
36）Factorsthatcausethedemandcurveforbondstoshifttotheleftinclude
A）adecreaseintheinflationrate.
B）anincreaseinthevolatilityofstockprices.
C）anincreaseintheliquidityofstocks.
D）alloftheabove.
E）onlyAandBoftheabove.
Answer:
C
37）Duringaneconomicexpansion,thesupplyofbonds________andthesupplycurveshiftstothe________.
A）increases,left
B）increases,right
C）decreases,left
D）decreases,right
Answer:
B
38）Duringarecession,thesupplyofbonds________andthesupplycurveshiftstothe________.
A）increases,left
B）increases,right
C）decreases,left
D）decreases,right
Answer:
C
39）Anincreaseinexpectedinflationcausesthesupplyofbondsto________andthesupplycurvetoshifttothe________.
A）increase,left
B）increase,right
C）decrease,left
D）decrease,right
Answer:
B
40）Whenthefederalgovernment'sbudgetdeficitincreases,the________curveforbondsshiftstothe________.
A）demand;right
B）demand;left
C）supply;left
D）supply;right
Answer:
D
41）Whenthefederalgovernment'sbudgetdeficitdecreases,the________curveforbondsshiftstothe________.
A）demand;right
B）demand;left
C）supply;left
D）supply;right
Answer:
C
42）Whentheinflationrateisexpectedtoincrease,theexpectedreturnonbondsrelativetorealassetsfallsforanygiveninterestrate;asaresult,the________bondsfallsandthe________curveshiftstotheleft.
A）demandfor;demand
B）demandfor;supply
C）supplyof;demand
D）supplyof;supply
Answer:
A
43）Whentheinflationrateisexpectedtoincrease,therealcostofborrowingdeclinesatanygiveninterestrate;asaresult,the________bondsincreasesandthe____
升级会员 