MishkinTBch14米什金货币金融学题库.docx

1、MishkinTBch14米什金货币金融学题库The Economics of Money，Banking，and Financial Markets，9e (Mishkin)Chapter 14 The Money Supply Process 14.1 Three Players in the Money Supply Process1) The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United Stat

2、es isA) the Federal Reserve System.B) the United States Treasury.C) the U.S. Gold Commission.D) the House of Representatives.Answer： AQues Status： Previous Edition2) Individuals that lend funds to a bank by opening a checking account are calledA) policyholders.B) partners.C) depositors.D) debt holde

3、rs.Answer： CQues Status： Previous Edition3) The three players in the money supply process includeA) banks，depositors，and the U.S. Treasury.B) banks，depositors，and borrowers.C) banks，depositors，and the central bank.D) banks，borrowers，and the central bank.Answer： CQues Status： Revised4) Of the three p

4、layers in the money supply process，most observers agree that the most important player isA) the United States Treasury.B) the Federal Reserve System.C) the FDIC.D) the Office of Thrift Supervision.Answer： BQues Status： Revised14.2 The Feds Balance Sheet 1) Both _ and _ are Federal Reserve assets.A)

5、currency in circulation；reservesB) currency in circulation；government securitiesC) government securities；discount loansD) government securities；reservesAnswer： CQues Status： Previous Edition2) The monetary liabilities of the Federal Reserve includeA) government securities and discount loans.B) curre

6、ncy in circulation and reserves.C) government securities and reserves.D) currency in circulation and discount loans.Answer： BQues Status： Previous Edition3) Both _ and _ are monetary liabilities of the Fed.A) government securities；discount loansB) currency in circulation；reservesC) government securi

7、ties；reservesD) currency in circulation；discount loansAnswer： BQues Status： Previous Edition4) The sum of the Feds monetary liabilities and the U.S. Treasurys monetary liabilities is calledA) the money supply.B) currency in circulation.C) bank reserves.D) the monetary base.Answer： DQues Status： Prev

8、ious Edition5) The monetary base consists ofA) currency in circulation and Federal Reserve notes.B) currency in circulation and the U.S. Treasurys monetary liabilities.C) currency in circulation and reserves.D) reserves and Federal Reserve Notes.Answer： CQues Status： Previous Edition6) Total reserve

9、s minus bank deposits with the Fed equalsA) vault cash.B) excess reserves.C) required reserves.D) currency in circulation.Answer： AQues Status： Previous Edition7) Reserves are equal to the sum ofA) required reserves and excess reserves.B) required reserves and vault cash reserves.C) excess reserves

10、and vault cash reserves.D) vault cash reserves and total reserves.Answer： AQues Status： Previous Edition8) Total reserves are the sum of _ and _.A) excess reserves；borrowed reservesB) required reserves；currency in circulationC) vault cash；excess reservesD) excess reserves；required reservesAnswer： DQ

11、ues Status： Revised9) Excess reserves are equal toA) total reserves minus discount loans.B) vault cash plus deposits with Federal Reserve banks minus required reserves.C) vault cash minus required reserves.D) deposits with the Fed minus vault cash plus required reserves.Answer： BQues Status： Previou

12、s Edition10) Total Reserves minus vault cash equalsA) bank deposits with the Fed.B) excess reserves.C) required reserves.D) currency in circulation.Answer： AQues Status： Previous Edition11) The amount of deposits that banks must hold in reserve isA) excess reserves.B) required reserves.C) total rese

13、rves.D) vault cash.Answer： BQues Status： Previous Edition12) The percentage of deposits that banks must hold in reserve is theA) excess reserve ratio.B) required reserve ratio.C) total reserve ratio.D) currency ratio.Answer： BQues Status： Previous Edition13) Suppose that from a new checkable deposit

14、，First National Bank holds two million dollars in vault cash，eight million dollars on deposit with the Federal Reserve，and one million dollars in required reserves. Given this information，we can say First National Bank has _ million dollars in excess reserves.A) threeB) nineC) tenD) elevenAnswer： BQ

15、ues Status： Previous Edition14) Suppose that from a new checkable deposit，First National Bank holds two million dollars in vault cash，eight million dollars on deposit with the Federal Reserve，and one million dollars in required reserves. Given this information，we can say First National Bank faces a

16、required reserve ratio of _ percent.A) tenB) twentyC) eightyD) ninetyAnswer： AQues Status： Previous Edition15) Suppose that from a new checkable deposit，First National Bank holds two million dollars in vault cash，eight million dollars on deposit with the Federal Reserve，and nine million dollars in e

17、xcess reserves. Given this information，we can say First National Bank has _ million dollars in required reserves.A) oneB) twoC) eightD) tenAnswer： AQues Status： Previous Edition16) Suppose that from a new checkable deposit，First National Bank holds two million dollars in vault cash，eight million dol

18、lars on deposit with the Federal Reserve，and nine million dollars in excess reserves. Given this information，we can say First National Bank faces a required reserve ratio of _ percent.A) tenB) twentyC) eightyD) ninetyAnswer： AQues Status： Previous Edition17) Suppose that from a new checkable deposit

19、，First National Bank holds eight million dollars on deposit with the Federal Reserve，one million dollars in required reserves，and faces a required reserve ratio of ten percent. Given this information，we can say First National Bank has _ million dollars in excess reserves.A) twoB) eightC) nineD) tenA

20、nswer： CQues Status： Previous Edition18) Suppose that from a new checkable deposit，First National Bank holds eight million dollars on deposit with the Federal Reserve，one million dollars in required reserves，and faces a required reserve ratio of ten percent. Given this information，we can say First N

21、ational Bank has _ million dollars in vault cash.A) twoB) eightC) nineD) tenAnswer： AQues Status： Previous Edition19) Suppose that from a new checkable deposit，First National Bank holds two million dollars in vault cash，nine million dollars in excess reserves，and faces a required reserve ratio of te

22、n percent. Given this information，we can say First National Bank has _ million dollars in required reserves.A) oneB) twoC) eightD) tenAnswer： AQues Status： Previous Edition20) Suppose that from a new checkable deposit，First National Bank holds two million dollars in vault cash，nine million dollars i

23、n excess reserves，and faces a required reserve ratio of ten percent. Given this information，we can say First National Bank has _ million dollars on deposit with the Federal Reserve.A) oneB) twoC) eightD) tenAnswer： CQues Status： Previous Edition21) Suppose that from a new checkable deposit，First Nat

24、ional Bank holds two million dollars in vault cash，one million dollars in required reserves，and faces a required reserve ratio of ten percent. Given this information，we can say First National Bank has _ million dollars in excess reserves.A) oneB) twoC) nineD) tenAnswer： CQues Status： Previous Editio

25、n22) Suppose that from a new checkable deposit，First National Bank holds two million dollars in vault cash，one million dollars in required reserves，and faces a required reserve ratio of ten percent. Given this information，we can say First National Bank has _ million dollars on deposit with the Feder

26、al Reserve.A) oneB) twoC) eightD) tenAnswer： CQues Status： Previous Edition23) Suppose that from a new checkable deposit，First National Bank holds eight million dollars on deposit with the Federal Reserve，nine million dollars in excess reserves，and faces a required reserve ratio of ten percent. Give

27、n this information，we can say First National Bank has _ million dollars in required reserves.A) oneB) twoC) nineD) tenAnswer： AQues Status： Previous Edition24) Suppose that from a new checkable deposit，First National Bank holds eight million dollars on deposit with the Federal Reserve，nine million d

28、ollars in excess reserves，and faces a required reserve ratio of ten percent. Given this information，we can say First National Bank has _ million dollars in vault cash.A) oneB) twoC) nineD) tenAnswer： BQues Status： Previous Edition25) The interest rate the Fed charges banks borrowing from the Fed is

29、theA) federal funds rate.B) Treasury bill rate.C) discount rate.D) prime rate.Answer： CQues Status： Previous Edition26) When banks borrow money from the Federal Reserve，these funds are calledA) federal funds.B) discount loans.C) federal loans.D) Treasury funds.Answer： BQues Status： Previous Edition1

30、4.3 Control of the Monetary Base 1) The monetary base minus currency in circulation equalsA) reserves.B) the borrowed base.C) the nonborrowed base.D) discount loans.Answer： AQues Status： Previous Edition2) The monetary base minus reserves equalsA) currency in circulation.B) the borrowed base.C) the

31、nonborrowed base.D) discount loans.Answer： AQues Status： Previous Edition3) High-powered money minus reserves equalsA) reserves.B) currency in circulation.C) the monetary base.D) the nonborrowed base.Answer： BQues Status： Previous Edition4) High-powered money minus currency in circulation equalsA) reserves.B) the borrowed base.C) the nonborrowed base.D) discount loans.Ans