货币银行学 题库.docx

货币银行学 题库.docx

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货币银行学题库

Chapter1

WhyStudyMoney,Banking,andFinancialMarkets?

1n MultipleChoice

1）Financialmarketsandinstitutions

（a）involvethemovementofhugeflowsofmoney.

（b）affecttheprofitsofbusinesses.

（c）affectthetypesofgoodsandservicesproducedinaneconomy.

（d）doeachoftheabove.

（e）doonly（a）and（b）oftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

2）Financialmarketsandinstitutions

（a）involvethemovementofhugeflowsofmoney.

（b）affectthelocationofbusinesses.

（c）affectthetypesofgoodsandservicesproducedinaneconomy.

（d）doeachoftheabove.

（e）doonly（a）and（c）oftheabove.

Answer:

E

QuestionStatus:

PreviousEdition

3）Money,financialinstitutions,andfinancialmarketsintheUnitedStatescanhaveamajorimpacton

（a）economicwellbeingofothercountriesbesidestheUnitedStates.

（b）thekindsofgoodsandservicesthatareproduced.

（c）theoutcomeofpoliticalelections.

（d）alloftheabove.

（e）only（a）and（b）oftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

4）Marketsinwhichfundsaretransferredfromthosewhohaveexcessfundsavailabletothosewhohaveashortageofavailablefundsarecalled

（a）commoditymarkets.

（b）fund-availablemarkets.

（c）derivativeexchangemarkets.

（d）financialmarkets.

Answer:

D

QuestionStatus:

PreviousEdition

5）Channelingfundsfromindividualswithsurplusfundstothosedesiringfundswhenthesaverdoesnotpurchasetheborrower’ssecurityisknownas

（a）barter.

（b）redistribution.

（c）theft.

（d）taxation.

（e）financialintermediation.

Answer:

E

QuestionStatus:

StudyGuide

6）Financialmarketspromoteeconomicefficiencyby

（a）channelingfundsfrominvestorstosavers.

（b）creatinginflation.

（c）causingrecessions.

（d）channelingfundsfromsaverstoinvestors.

（e）reducinginvestment.

Answer:

D

QuestionStatus:

New

7）Well-functioningfinancialmarketspromote

（a）inflation.

（b）deflation.

（c）unemployment.

（d）growth.

（e）noneoftheabove.

Answer:

D

QuestionStatus:

New

8）Poorlyperformingfinancialmarketscanbethecauseof

（a）wealth.

（b）poverty.

（c）financialstability.

（d）alloftheabove.

（e）noneoftheabove.

Answer:

B

QuestionStatus:

New

9）Thebondmarketsareimportantbecause

（a）theyareeasilythemostwidelyfollowedfinancialmarketsintheUnitedStates.

（b）theyarethemarketswhereforeignexchangeratesaredetermined.

（c）theyarethemarketswhereinterestratesaredetermined.

（d）ofeachoftheabove.

（e）ofonly（a）and（b）oftheabove.

Answer:

C

QuestionStatus:

PreviousEdition

10）Thebondmarketsareimportantbecause

（a）theyarethemarketswhereinterestratesaredetermined.

（b）theyarethemarketswheremostborrowersgettheirfunds.

（c）theyareeasilythemostwidelyfollowedfinancialmarketsintheUnitedStates.

（d）ofeachoftheabove.

（e）ofonly（a）and（b）oftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

11）Thepricepaidfortherentalofborrowedfunds（usuallyexpressedasapercentageoftherentalof$100peryear）iscommonlyreferredtoasthe

（a）inflationrate.

（b）exchangerate.

（c）interestrate.

（d）aggregatepricelevel.

Answer:

C

QuestionStatus:

PreviousEdition

12）Comparedtointerestratesonlong-termU.S.governmentbonds,interestrateson_____fluctuatemoreandareloweronaverage.

（a）medium-qualitycorporatebonds

（b）low-qualitycorporatebonds

（c）high-qualitycorporatebonds

（d）three-monthTreasurybills

（e）noneoftheabove

Answer:

D

QuestionStatus:

PreviousEdition

13）Comparedtointerestratesonlong-termU.S.governmentbonds,interestratesonthree-monthTreasurybillsfluctuate_____andare_____onaverage.

（a）more;lower

（b）less;lower

（c）more;higher

（d）less;higher

Answer:

A

QuestionStatus:

PreviousEdition

14）TheinterestrateonBaa（mediumquality）corporatebondsis_____,onaverage,thanotherinterestrates,andthespreadbetweenitandotherratesbecame_____inthe1970s.

（a）lower;smaller

（b）lower;larger

（c）higher;smaller

（d）higher;larger

Answer:

D

QuestionStatus:

PreviousEdition

15）Adeclineininterestrateswillcausespendingonhousingto

（a）fall.

（b）remainunchanged.

（c）cannotbedetermined.

（d）rise.

（e）noneoftheabove.

Answer:

D

QuestionStatus:

StudyGuide

16）Anincreaseininterestratesonstudentloans

（a）increasesthecostofacollegeeducation.

（b）reducesthecostofacollegeeducation.

（c）hasnoeffectoneducationalcosts.

（d）increasescostsforstudentswithnoloans.

（e）noneoftheabove.

Answer:

A

QuestionStatus:

New

17）Interestratesaffect

（a）individuals.

（b）businesses.

（c）theoveralleconomy.

（d）alloftheabove.

（e）only（b）and（c）oftheabove.

Answer:

D

QuestionStatus:

New

18）Stockpricesboomedinthe1980suntil“BlackMonday”in_____,whentheDJIAfellbymorethan500points,a22percentdecline.

（a）1985

（b）1986

（c）1987

（d）1988

Answer:

C

QuestionStatus:

PreviousEdition

19）Thestockmarketisimportantbecause

（a）itiswhereinterestratesaredetermined.

（b）itisthemostwidelyfollowedfinancialmarketintheUnitedStates.

（c）itiswhereforeignexchangeratesaredetermined.

（d）alloftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

20）Stockpricessincethe1950shavebeen

（a）relativelystabletrendingupwardatasteadypace.

（b）relativelystabletrendingdownwardatamoderaterate.

（c）extremelyvolatile.

（d）unstabletrendingdownwardatamoderaterate.

Answer:

C

QuestionStatus:

PreviousEdition

21）Arisingstockmarketindexduetohighershareprices

（a）increasespeople’swealth,butisunlikelytoincreasetheirwillingnesstospend.

（b）increasespeople’swealthandasaresultmayincreasetheirwillingnesstospend.

（c）increasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.

（d）both（b）and（c）oftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

22）Arisingstockmarketindexduetohighershareprices

（a）increasespeople’swealthandasaresultmayincreasetheirwillingnesstospend.

（b）increasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.

（c）decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.

（d）both（a）and（b）oftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

23）Arisingstockmarketindexduetohighershareprices

（a）increasespeople’swealth,butisunlikelytoincreasetheirwillingnesstospend.

（b）increasespeople’swealthandasaresultmayincreasetheirwillingnesstospend.

（c）decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.

（d）both（a）and（c）oftheabove.

（e）both（b）and（c）oftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

24）Adecliningstockmarketindexduetolowershareprices

（a）reducespeople’swealthandasaresultmayreducetheirwillingnesstospend.

（b）increasespeople’swealthandasaresultmayincreasetheirwillingnesstospend.

（c）increasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.

（d）both（a）and（c）oftheabove.

（e）both（b）and（c）oftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

25）Adecliningstockmarketindexduetolowershareprices

（a）reducespeople’swealthandasaresultmayreducetheirwillingnesstospend.

（b）increasespeople’swealthandasaresultmayincreasetheirwillingnesstospend.

（c）decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.

（d）both（a）and（c）oftheabove.

（e）both（b）and（c）oftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

26）Changesinstockprices

（a）affectpeople’swealthandtheirwillingnesstospend

（b）affectfirms’decisionstosellstocktofinanceinvestmentspending.

（c）arecharacterizedbyconsiderablefluctuations.

（d）alloftheabove.

（e）only（a）and（b）oftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

27）Fearofamajorrecessioncausesstockpricestofall,whichinturncausesconsumerspendingto

（a）increase.

（b）remainunchanged.

（c）decrease.

（d）cannotbedetermined.

（e）noneoftheabove.

Answer:

C

QuestionStatus:

StudyGuide

28）Acommonstockisaclaimonacorporation’s

（a）debt.

（b）liabilities.

（c）expenses.

（d）employees.

（e）earningsandassets.

Answer:

E

QuestionStatus:

New

29）Thedeclineinstockpricesfrom2000through2002

（a）increasedindividuals’willingnesstospend.

（b）hadnoeffectonindividualspending.

（c）reducedindividual’swillingnesstospend.

（d）increasedindividualwealth.

（e）both（a）and（d）arecorrect.

Answer:

C

QuestionStatus:

New

30）Thepriceofonecountry’scurrencyintermsofanother’siscalled

（a）theexchangerate.

（b）theinterestrate.

（c）theDowJonesindustrialaverage.

（d）noneoftheabove.

Answer:

A

QuestionStatus:

PreviousEdition

31）Everythingelseconstant,astrongerdollarwillmeanthat

（a）vacationinginEnglandbecomesmoreexpensive.

（b）vacationinginEnglandbecomeslessexpensive.

（c）Frenchcheesebecomesmoreexpensive.

（d）Japanesecarsbecomemoreexpensive.

Answer:

B

QuestionStatus:

PreviousEdition

32）Allelseconstant,asthedollarbecomesstronger,

（a）Americanswillpurchasefewerforeigngoods.

（b）U.S.goodsexportedabroadwillcostlessinforeigncountries,andsoforeignerswillbuymoreofthem.

（c）theU.S.isunquestionablymadebetteroff.

（d）noneoftheabove.

Answer:

D

QuestionStatus:

PreviousEdition

33）Whichofthefollowingismostlikelytoresultfromastrongerdollar?

（a）U.S.goodsexportedaboardwillcostlessinforeigncountries,andsoforeignerswillbuymoreofthem.

（b）U.S.goodsexportedaboardwillcostmoreinforeigncountriesandsoforeignerswillbuymoreofthem.

（c）U.S.goodsexportedabroadwillcostmoreinforeigncountries,andsoforeignerswillbuyfewerofthem.

（d）Americansw