货币银行学（又称货币金融学）试题

1、货币银行学（又称货币金融学）试题 一、please select a single correct answer 1 .curb demand-pull inflation, it should be（ ） a control the money supply b lower wages c monopoly d reduce taxes 抑制拉动需求型的通胀，应该是 控制货币需求 较低的工资 垄断 减税 2、l 3、according to the liquidity preference theory, the interest rate is determined by the supp

2、ly and demand of the _ a. bond b. stock c. output d. currency 根据流动性偏好理论，利率是由供给和 _需求决定的 证券 股票 出口 货币 4、which of the following is not the function of money? a .medium of exchange b. unit of account c. store of value d. avoid risks 下列哪项不是钱的功能 交换媒介 记账单位 价值储藏 规避风险 5、what is yield to maturity? a. a dollar

3、paid to you one year from now is less valuable to you than a dollar paid to you today. b. the interest rate that equates the present value of cash flow payments received from a debt instrument with its value today. c. the interest rate that is adjusted by inflation d. nominal interest rate 到期收益率是什么

4、从现在起一年给你一块钱价值低于今天给你一块钱 从债务工具的利率支付现金流量的现值等于其价值。 通胀调整利率 名义利率 6、what are the three policy tools in the federal reserve system? a. economic growth, reserve requirements and discount rate b. open market operations, discount rate and employment c. reserve requirements, discount rate and open market operat

5、ions d. economic growth, stability of financial markets and economic l c. of the state council d. committee on banking supervision 一个国家的最高的金融机构和金融体系的核心是 金融市场 中央银行 国务院 银行业监督管理委员会 8. the various factors that determine the demand for money, the level of income and revenue for the length of time the dem

6、and for money are a. positively correlated、 positively correlated b. negatively correlated、negatively correlated c. positively correlated、negatively correlated d. negatively correlated、positively correlated 决定货币需求的各种因素，收入水平和收益的时间长度，对货币的需求 正相关，正相关 负相关，负相关 正相关，负相关 负相关，正相关 9. keynes thinks that interes

7、t rates are _ related to the price of bonds. a. positively b. negatively c. unconcernedly d, uncertainly 凯恩斯认为，利率是与债券的价格_相关 正 负 无关 不确定 10. at present, which of the monetary policy that western countries use more and is very flexible and effective? ( ) a. reserve requirements b. rediscount policy c.

8、open market operations d. window guidance 目前，西方国家使用最多的是哪些非常灵活和有效的货币政策？ 准备金 再贴现政策 开放市场操作 窗口指导 11. if you purchase the bond for 2 years. the initial current yield is 10%.the initial price is 1000.what is the price next year when interest rates rise from 10% to xxxx年的债券，初始目前的收益率为10%，目前的价格为1000.当利率上升到10

9、%xxxx年的价格是多少？ 12. what is not the function of financial intermediaries ? a. transaction costs b. risk sharing c. asymmetric information d. financial regulation 哪个不是金融中介机构的功能？ 交易成本 风险承担 信息不对称 金融监管 13. which is the relationship between the interest rate and bond price? a. positive correlation b. negat

10、ive correlation c. none d. a or b 利率和债券是哪种关系？ 正相关 负相关 没有 正相关或负相关 14. which financial derivative are contracts that give the purchaser the right to buy or sell the underlying financial instrument at a specified price within a specific period of time. a. forward b. futures c. options d. swaps 在一个指定价格在

11、一段特定的时间内哪个金融衍生产品是给买方权利去买卖基础金融工具的合同？ 基金 期货 期权 信贷 二、explain the terms medium of exchange（functions of money）交换媒介 yield to maturity到期收益率 free-rider problem搭便车问题 financial derivatives金融衍生工具 demand-pull inflation需求拉动型通胀 三、answer questions 1think of one example in which you have had to deal with the adver

12、se selection problem. 举一个具体的例子：你不得不应对逆向选择的问题。 2. why did cavemen not need money? 为什么野人不需要钱 3if there is a decline in interest rates, which would you rather be holding, long-term bonds or short-term bonds? why? which type of bond has the greater interest-rate risk? 如果利率下降，你宁愿持有长期还是短期债券？为什么？那种债券的利率风险大

13、？ 4how can the existence of asymmetric information provide a rationale for government regulation of financial markets? 信息不对称的存在如何提供一个可靠的金融市场的政府监管？ 5using both the liquidity preference framework and supply and demand for bonds framework, show why interest rates are procyclical (rising when the econom

14、y is expanding and falling during recessions). 使用流动性偏好框架和债券的供求框架来展示为什么利率是顺周期（当经济扩张时上升衰退时下降） 6. during christmastime, when the publics holdings of currency increase, what defensive open market operations typically occur? why? 圣诞节期间，当公众持有的货币增加，什么样的防守公开市场操作经常发生？为什么？ 7. why is keyness analysis of the sp

15、eculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated as constant? 为什么是凯恩斯对于钱的需求的投机性的分析对他的速度将进行实质性的波动,因此不能被视为常数的观点很重要？ 8. “since increases in government spending raise the aggregate demand curve in keynesian analysis, fiscal p

16、olicy by itself can be the source of inflation.” is this statement true, false, or uncertain? explain your answer. 在凯恩斯的理论中，由于政府开支的增加提高总需求曲线,财政政策本身可以是通货膨胀的源头。“是真的还是假的,或不确定的?解释你的答案。 9. during the great depression, the excess reserves ratio e rose dramatically. what do you think happened to the money

17、supply? why? 在大萧条期间,超额准备金率急剧上升。你认为货币供应会发生什么?为什么? 四、calculation 1. what is the yield to maturity on a $1,000-face-value discount bond maturing in one year that sells for $800? 期收益率是多少？在一个1000美元面对价值贴现债券期限在一年,售价为800美元? 2what happens to reserves at the first national bank if one person withdraws $1,000

18、of cash and another person deposits $500 of cash? use t-accounts to explain your answer 第一国民银行储备,如果一个人撤回1000美元的现金和另一个人存款500美元的现金会发生什么?用用t -账户来解释一下你的答案 3suppose that you are the manager of a bank that has $15 million of fixed-rate assets, $30 million of rate sensitive assets, $25 million of fixed-rat

19、e liabilities, and $xxxx年的国债在到期,是合同的钱,出去的钱,或钱吗?如果保险费是4000美元你的收益或损失是多少吗? when she was a deeply troubled teenager, nikita was rescued from death row by a secret u.s. agency known only as division, who faked her execution and told her she was being given a second chance to start a new life and serve he

20、r country. what they didnt tell her was that she was being trained as a spy and assassin. throughout her grueling training at division, nikita never lost her humanity, even falling in love with a civilian. when her fianc was murdered, nikita realized she had been betrayed and her dreams shattered by the only people she thought she co