货币金融学智慧树知到课后章节答案2023年下广东外语外贸大学

货币金融学智慧树知到课后章节答案2023年下广东外语外贸大学广东外语外贸大学

第一章测试

Thenatureoffinanceiscapitalfinancing,orfundcirculating,thatis,transferringfundsfromcapitalproviderstocapitaldemanders.()

A:False

B:True

答案:True

Banksaretheonlyimportantfinancialinstitutions.()

A:False

B:True

答案:False

Financialmarketscanpromoteeconomicefficiency,butcannotimprovethewell-beingofconsumers.()

A:False

B:True

答案:False

Whenbusinessesgolookingforfundstofinancetheiractivities,theyusuallyobtainthemdirectlyfromsecuritiesmarketsandnotindirectlythroughfinancialintermediaries.()

A:False

B:True

答案:False

Financialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.()

A:investors;savers

B:borrowers;savers

C:savers;lenders

D:savers;borrowers

答案:savers;borrowers

Financialinstitutionsthatacceptdepositsandmakeloansarecalled___.()

A:exchanges.

B:banks.

C:financecompanies.

D:mutualfunds.

答案:banks.

China'sfinancialsystemis___financialsystem.()

A:direct-financing-oriented

B:bank-oriented

C:market-oriented

D:indirect-financing-oriented

答案:bank-oriented

WhichofthefollowingstatementsareTRUE?()

A:indirectfinancecanreducetransactioncosts.

B:indirectfinancecanalleviateasymmetricinformation.

C:directfinancecanalleviateasymmetricinformation.

D:directfinancecanreducetransactioncosts.

答案:indirectfinancecanreducetransactioncosts.

;indirectfinancecanalleviateasymmetricinformation.

GovernmentregulationstoreducethepossibilityoffinancialpanicincludeallofthefollowingEXCEPT___.()

A:restrictionsonassetsandactivities.

B:economiesofscope.

C:transactionscosts.

D:disclosure.

答案:economiesofscope.

;transactionscosts.

Whichofthefollowingarecontractualsavingsinstitutions?()

A:pensionfund

B:lifeinsurancecompany

C:mutualfunds

D:financecompany

答案:pensionfund

;lifeinsurancecompany

;mutualfunds

第二章测试

Underthebartersystem,theprimaryshortcomingwasthedoublecoincidenceofwantscouldnotmatch.()

A:True

B:False

答案:True

Moneymeanscurrency.()

A:True

B:False

答案:False

Moneyisjustonetypeofwealth.()

A:True

B:False

答案:True

ThecalculationsofM0,M1,M2aresameinUSAandinChina.()

A:False

B:True

答案:False

Whenthepricelevelisincreasingrapidly,moneylosesvaluerapidly,andpeoplebecomemorereluctanttoholdtheirwealthinthisform.()

A:True

B:False

答案:True

Thefirstformofe-moneywasthedebitcard.()

A:True

B:False

答案:True

Whichofthefollowingsarecurrencyexcept:（）

A:Coins.B:Papercash.

C:Check.

答案:Check.

Whichassetisthemostliquidassetofallbecauseitisthemediumofexchange;itdoesnothavetobeconvertedintoanythingelsetomakepurchases.（）

A:BondB:House

C:MoneyD:Stock

答案:Money

Whetherintheformofshells,rocks,goldorpaper,moneyhasthreeprimaryfunctionsinanyeconomy:（）

A:Asamediumofexchange,

B:Asaunitofaccount

C:Asastoreofvalue.

答案:Asamediumofexchange,

;Asaunitofaccount

;Asastoreofvalue.

Papercurrencyandcoinsareeasilystolenandcanbeexpensivetotransportinlargeamountsbecauseoftheirbulk.Tocombatthisproblem,inmodernbankingsystem,whatinventionsarecreated:（）

A:E-money

B:Debitcard,creditcardC:CheckD:Bankaccount

答案:E-money

;Debitcard,creditcard;Check;Bankaccount

第三章测试

Inthecaseofasimpleloanlikethisone,theinterestpaymentdividedbytheamountoftheloanisanaturalandsensiblewaytomeasuretheinterestrate.（）

A:False

B:True

答案:True

Acouponbondpaystheownerofthebondafixedinterestpayment(couponpayment)everyyearuntilthematuritydate,whenaspecifiedfinalamount(facevalueorparvalue)isrepaid.（）

A:True

B:False

答案:True

Yieldtomaturityistheinterestratethatequatesthepresentvalueofcashflowpaymentsreceivedfromadebtinstrumentwithitsvaluetoday.（）

A:False

B:True

答案:True

Theconceptofpresentvalue(orpresentdiscountedvalue)isbasedonthecommonsensenotionthatoneYuanpaidtoyouoneyearfromnowismorevaluablethanoneYuanpaidtoyoutoday.（）

A:True

B:False

答案:False

Withafixed-paymentbond,thereturnonthebondisequaltotherateofcapitalgain.（）

A:True

B:False

答案:False

Adiscountbond().

A:isalsocalledazero-couponbond.

B:isboughtatapricebelowitsfacevalue

C:isalsocalledsimplepaymentbond.

D:itsfacevalueisrepaidatthematuritydate.

答案:isalsocalledazero-couponbond.

;isboughtatapricebelowitsfacevalue

;itsfacevalueisrepaidatthematuritydate.

第四章测试

Operatingasintermediariesbytransferringfundsfromsaverstoborrowersisaparticularroleofbanks.（）

A:False

B:True

答案:True

Unusedloancommitmentsaretypicallyrecordedintheassetsideofabank’sbalancesheet.（）

A:True

B:False

答案:False

ChinaDevelopmentbankisoneofthelargestcommercialbanksinChina.（）

A:True

B:False

答案:False

Gapanalysisshouldbeconductedonacontinuingbasis.（）

A:False

B:True

答案:True

Inthebalancesheetofabank,whichofthefollowingassetsisthemostilliquid?（）

A:Commercialandindustrialloans；

B:Municipalbonds

C:Vaultcash；

D:Treasurybills；

答案:Commercialandindustrialloans；

Thesecondaryreservereferstothesecuritiesthatcanbeeasilyconvertedtocashtomeetunanticipatedobligations,whichinthefollowingcanbeclassifiedassecondaryreserve（）

A:Agencysecurities；

B:Short-termgovernmentsecurities；

C:Mortgage-backedsecurities

D:Federalfundssold；

答案:Short-termgovernmentsecurities；

Iftheamountofinterest-sensitiveassetsislessthanthatofinterest-sensitiveliabilitieswithinabank,whatwillhappenwhentheinterestrateincreases?（）

A:Thenetinterestincomewillincrease；

B:Thenetinterestincomewillshrink；

C:Thegapisnarrowed;

D:Thegapisenlarged；

答案:Thenetinterestincomewillshrink；

Whichstatementinthefollowingiscorrect?（）

A:Realestateloansarenormallyissuedalongwithrealpropertiesascollaterals；

B:Thereisnoriskembeddedintheoff-balancesheetactivities；

C:Acertificateofdepositisclassifiedasnon-transactionaccount;

D:Whendepositoutflowoccurs,bankswillprioritizethesaleofloanstomeettheliquiditydemand；

答案:Realestateloansarenormallyissuedalongwithrealpropertiesascollaterals；

Non-transactiondepositsconsistof（）

A:Certificateofdeposits；

B:Moneymarketdepositaccount；

C:Savingsaccounts；

D:Demanddeposits

答案:Certificateofdeposits；

;Moneymarketdepositaccount；

;Savingsaccounts；

Inadditiontothemodificationofcapitalrequirements,thenewestBaselAccordalsoemphasizesregulatoryrequirementsforliquidity,whichinclude（）

A:CapitalConservationBuffer

B:LiquidityCoverageRatio;

C:NetStableFundingRatio

D:LeverageRatio

答案:LiquidityCoverageRatio;

;NetStableFundingRatio

第五章测试

Financialmarketscandirectlyimprovethewell-beingofconsumers.（）

A:True

B:False

答案:True

Thehomemortgageiskindofequitysecurity（）

A:True

B:False

答案:False

Financialmarketscantransferfundsfromlenderstoborrowersthrougheitherdirectorfinanceandindirectfinance.（）

A:True

B:False

答案:True

Financialmarketsareessentialtoproduceanefficientallocationofcapital.（）

A:True

B:False

答案:True

Indirectfinance,borrowersneedtosellsecuritiestolenderstogetfunds.（）

A:False

B:True

答案:True

Inindirectfinance,afinancialintermediaryborrowsfundsfromlendersandthenusesthesefundstomakeloanstoborrowers.（）

A:True

B:False

答案:True

Infinance,securitymeanthefreedomfromdangerorrisk.（）

A:False

B:True

答案:False

Literally,securitiesareclaimsontheborrower’sfutureincomeorassets.（）

A:False

B:True

答案:False

Howdofinancialmarketsthewell-beingofconsumers?（）

A:Financialmarketsallowconsumertotimetheirpurchasesbetter

B:Financialmarketsallowfirmstoborrowmoneyfrominvestors

C:Financialmarketsallowfirmstofinancetheirinvestmentthroughissuingequity

D:Financialmarketsallowconsumerstobuystockwithlowerprice

答案:Financialmarketsallowconsumertotimetheirpurchasesbetter

Whichofthefollowingdescriptionsisforthedebtfinancing?（）

A:Firmsneedtomakedividendpaymenttotheirdebtholders

B:Firmsneedtopaytheirdebtholdersprincipalwhendebtsaredue

C:Firmscandecidetheinterestpaymentthattheymaketotheirdebtholdersineachperiod

D:Thefinancingcostofdebtishigherthanthefinancingcostofequity

答案:Firmsneedtopaytheirdebtholdersprincipalwhendebtsaredue

第六章测试

TheoldestcentralbankintheworldistheBankofEngland()

A:True

B:False

答案:False

Itsprimaryfunctionistoprovidethenation'smoneysupply.()

A:False

B:True

答案:True

Asthe“banker’sbank,”thecentralbankprovidesservicestofinancialinstitutionsinmuchthesamewaycommercialbanksservetheircustomers.()

A:True

B:False

答案:True

Byaffectingtheloansanddiscountrate,thecentralbankcanachievethemacroeconomicgoals.()

A:True

B:False

答案:True

CentralbanksserveasbanksforthegovernmentbymaintainingaccountsandprovidingservicesfortheTreasury.()

A:True

B:False

答案:True

Centralbanksareinherentlymarket-basedorcompetitiveinstitutions.()

A:True

B:False

答案:False

Privatecommercialbanksareonlypermittedtoissuedemandliabilities,suchascheckingdeposits,whilecentralbankissuesbanknotesandcash.()

A:False

B:True

答案:True

Centralbankalsodrivestheefficiencyandtechnologicaldevelopmentofthepaymentssystem.()

A:True

B:False

答案:True

Centralbankmayalsohavesupervisorypowerstoensurethatbanksandotherfinancialinstitutionsdonotbehaverecklesslyorfraudulently.()

A:False

B:True

答案:True

Althoughtheirresponsibilitiesvaryfromcountrytocountry,centralbanks'duties(andthejustificationfortheirexistence)usuallyfallintothreeareas:（）

A:regulatememberbanksthroughcapitalrequirements,reserverequirements,anddepositguarantees,amongothertools

B:controlandmanipulatethenationalmoneysupply

C:actsasanemergencylendertodistressedcommercialbanksandotherinstitutions,andsometimesevenagovernment

D:Managecheckingdepositsforindividuals

答案:regulatememberbanksthroughcapitalrequirements,reserverequirements,anddepositguarantees,amongothertools

;controlandmanipulatethenationalmoneysupply

;actsasanemergencylendertodistressedcommercialbanksandotherinstitutions,andsometimesevenagovernment

第七章测试

MonetaryBase(alsocalledhigh-poweredmoney),whichisdirectlycontrolledbycentralbank.()

A:False

B:True

答案:True

Thecentralbankcontrolsmonetarybaseonlybycreatingmorecurrency.()

A:True

B:False

答案:False

ThemonetarybaseMBcanbeexpressedasMB=currencyincirculationC+thetotalreservesinbankingsystemR.()

A:False

B:True

答案:True

Theprimarywayinwhichthecentralbankcauseschangesinthemonetarybaseisthroughitsopenmarketoperations.()

A:False

B:True

答案:True

From1948tillnow,Chinesegovernmenthasissued5setsofcurrencies.()

A:True

B:False

答案:True

Asaleofbondsorsecurities,bythecentralbankwillcauseanexpansionofreservesinthebankingsystem,andthereforewillincreasetheMB.()

A:True

B:False

答案:False

Ashiftfromdepositstocurrencywillaffectthereservesinthebankingsystem.However,suchashiftwillhavegreateffectonthemonetarybase.()

A:True

B:False

答案:False

Themoneymultiplier,denotedbym,whichtellsushowmuchthemoneysupplychangesforagivenchangeinthemonetarybase.()

A:True

B:False

答案:True

Themonetarybaseisalsoaffectedwhenthecentralbankmakesaloantoafinancialinstitution.()

A:True

B:False

答案:True

ThetotalreservesRcanbedividedinto:（）

A:twocategories

B:requiredreserves

C:excessreserves

答案:twocategories

;requiredreserves

;excessreserves

第八章测试

Themoneymarketinterestrateisthelong-terminterestratedeterminedbyinterbankborrowingonreserves.（）

A:False

B:True

答案:False

Requiredreservesarethereservesrequiredbythecentralbank.（）

A:True

B:False

答案:True

Excessreservesaretheadditionalreservesbankschoosetohold.（）

A:False

B:True

答案:True

Thecentralbankspayinterestonexcessreservesatalevelthatistypicallysetatafixedamountbelowthemoneymarketinterestratetarget.（）

A:True

B:False

答案:True

Openmarketoperationsarethemostimportantconventionalmonetarypolicytool.（）

A:False

B:True

答案:True

Openmarketpurchasesshrinkreservesandthemonetarybase.（）

A:True

B:False

答案:False

Openmarketsalesexpandreservesandthemonetarybase.（）

A:True

B:False

答案:False

Whatarethemonetarypolicytoolsforthecentralbank?（）

A:Reserverequirements

B:Openmarketoperations

C:Discountlending

D:Assetpurchases

答案:Reserverequirements

;Openmarketoperations

;Discountlending

Whatarethemonetarypolicytoolsforthecentralbank?（）

A:Assetpurchases

B:Liquidityprovision

C:Commitmenttofuturemonetarypolicyactions

D:Openmarketoperations

答案:Assetpurchases

;Liquidityprovision

;Commitmenttofuturemonetarypolicyactions

Whichofthefollowingdescriptionsarefortheobjectivesofthemonetarypolicyofthecentralbank?（）

A:Lowinterestrate

B:Stabilityoffinancialmarkets

C:Highemploymentandoutputstability

D:Pricestability

答案:Highemploymentandoutputstability

;Pricestability

第九章测试

Inthequantitytheoryofmoney,thevelocityofmoneyisalwaysdirectlyobservableinthemarketplace.（）

A:True

B:False

答案:False

Theminimumholdingcostofmoneytendstobehigheriftheopportunitycostdecreases.（）

A:True

B:False

答案:False

ThesecondstageofmonetarypolicyinChinaistheperiodofdirectcontrolandmanagementoftotalcreditsupply.（）

A:False

B:True

答案:True

Asthepaymenttechnologybecomesmoreadvanced,thedemandformoneywillbehigher.（）

A:True

B:False

答案:False

WhichofthefollowingstatementsiscorrectintheKeynesianDemandFunctionofMoney?（）

A:Therealincomeistypicallypositivelyassociatedwiththedemandformoney；

B:Thevelocityofmoneywillremainconstant；

C:Thedemandformoneywillbeboostedupwheninterestrateincreases；

D:Whenaneconomyisintheliquiditytrap,monetarypolicyisstillvalid；

答案:Therealincomeistypicallypositivelyassociatedwiththedemandformoney；

Thechannelsthroughwhichmonetarypolicyaffectseconomicactivitiesarecalledthe（）

A:distributionmechanismsofmonetarypolicy；

B:flowmechanismsofmonetarypolicy；

C:allocationmechanismsofmonetarypolicy；

D:transmissionmechanismsofmonetarypolicy；

答案:transmissionmechanismsofmonetarypolicy；

Intheassetpricechannel,lowerrealinterestratewilldriveupthebondprices,whichincontrastmakesthestockmoreattractiveforinvestors,thentheTobin’sQwillbe（）

A:increasing；

B:remainingunchanged；

C:indefinite

D:decreasing；

答案:increasing；

Whatwillbethedeterminingfactorsofmoneydemandaccordingtotheportfoliotheoryofmoneydemand?（）

A:Wealth；

B:liquidityofotherassets;

C:Interestrate；

D:Income；

答案:Wealth；

;liquidityofotherassets;

;Interestrate；

;Income；

AccordingtotheKeynesianDemandFunctionofMoney,themotiveswhichdeterminethedemandforliquidityinclude（）

A:speculativemotive

B:transactionsmotive；

C:precautionarymotive；

D:investmentmotive；

答案:speculativemotive

;transactionsmotive；

;precautionarymotive；

Since1998Chinahassteppedintothethirdstageofmonetarypolicy,accordingtothereformprocedures,thecorrectstatementsinthefollowingare（）

A:centralizedallocationofcreditwasconducted

B:market-orientedreformshavebeenundertaken

C:transitionfromquantitativemanagementtoprice-basedmanagementwasemphasized

D:indirectmanagementofcreditprovisionwasimplemented

答案:market-orientedreformshavebeenundertaken

;transitionfromquantitativemanagementtoprice-basedmanagementwasemphasized

;indirectmanagementofcreditprovisionwasimplemented

第十章测试

TheBOPistherecordoftheeconomicandfinancialflowsthattakeplaceoveraspecifiedtimeperiodbetweennon-residentsandnon-residentsofagivencountry.（）

A:False

B:True

答案:False

Convertibilityisthemostimportantcharacteristicoftheforeignexchange.（）

A:True

B:False

答案:True

Internationalexchangeresultsfromthecreditor'srightrelationshipcausedbyimportandexporttrade.（）

A:True

B:False

答案:True

Directquoteistheamountofforeigncurrencyperunitofdomesticcurrency.（）

A:True

B:False

答案:False

Thespotexchangemarketisamarketthatdealsinforeignexchangeforimmediatedelivery.Immediatedeliveryinforeigncurrenciesusuallymeanswithintwobusinessdays.（）

A:False

B:True

答案:True

Withotherconditionsunchanged,therelationshipbetweenforwardexchangerateandinterestrateis().

A:Theforwardexchangerateofthecurrencywithhighinterestrateswilldepreciateinthefuture.

B:Theforwardexchangerateofthecurrencywithlowinterestrateswilldepreciateinthefuture.

C:Theforwardexchangerateofthecurrencywithhighinterestratewillappreciateinthefuture.

D:Theforwardexchangerateofthecurrencywithlowinterestrateswillappreciateinthefuture.

答案:Theforwardexchangerateofthecurrencywithhighinterestrateswilldepreciateinthefuture.

;Theforwardexchangerateofthecurrencywithlowinterestrateswillappreciateinthefuture.

Whichofthefollowinginterveningwaysofthecentralbankintheforeignexchangemarketareconsideredas‘indirectintervention’?（）

A:Anticipatory

B:Moneysupply

C:Sterilizedintervention

D:Interestrate

答案:Anticipatory

;Moneysupply

;Interestrate

AsforChina,China’scapitalinflowswillcreatea__________foreigncurrencyanda__________CNY.()

A:Supplyof;demandof

B:Supplyof;shortageof

C:Shortageof;demandof

D:Demandfor;supplyof

答案:Demandfor;supplyof

Whichofthefollowingtransactionsisrecordedinthefinancialaccount?()

A:AU.S.touristspendsmoneyonatriptoChina.

B:AChinesebusinessmaninvest10milliondollarsofequipmentintheU.S.tosetupajointventure.

C:FordmotorcompanybuildsanewplantinChina.

D:TheNewYorkYankeesarepaid$10millionbytheChinesetoplayanexhibitiongameinBeijing,China.

答案:AChinesebusinessmaninvest10milliondollarsofequipmentintheU.S.tosetupajointventure.

AbankhasquotedaspotexchangerateofUSD/CHF1.6030-1.6040anda3-monthforwardspreadof120-130,thentheforwardexchangerateis().

A:1.4740-1.4830

B:1.6150-1.6170

C:1.7230-1.7340

D:1.5910-1.6910

答案:1.6150-1.6170

第十一章测试

China'sfinancialserviceisfullyopenedsinceApril1,2020（）

A:True

B:False

答案:True

QDIIprogramstartedin2004.（）

A:False

B:True

答案:False

“FourtrillionRMB”stimuluspackageledtoasurgeininvestmentdemand,whichisthemainreasonforChinatorelaxcapitalinflow.（）

A:False

B:True

答案:True

China’sChinn-Itoindexhasremainedunchangedsince1993.()

A:True

B:False

答案:True

Chinaismoreopenthanadvancedeconomies.()

A:True

B:False

答案:False

Capitalaccountopening-upmayserveasacommitmentdevicetofinancialreforms.()

A:True

B:False

答案:True

GreatercapitalaccountconvertibilitywillhelpRMBexpand.()

A:False

B:True

答案:False

WhichofthefollowingarethereasonsforChina'smassivecapitaloutflowin2014-2016?（）

A:“BeltandRoad”

B:theShanghai-HongKongStockConnect

C:expandedtheexistingQFII,QDIIandRQFIIprograms

D:theShenzhen-HongKongStockConnect

答案:“BeltandRoad”

;theShanghai-HongKongStockConnect

;expandedtheexistingQFII,QDIIandRQFIIprograms

;theShenzhen-HongKongStockConnect

WhataretheshortcomingsofChina'sfinancialmarket（）

A:financialinstitutionshavelimitedincentivestoimproveproductsandservices

B:lenienttoexcessiveleveragingandrisk-taking

C:financialinstitutionshavelimitedforeigncompetition

D:financiallawsandregulationsaremorelikelytobetwisted

答案:financialinstitutionshavelimitedincentivestoimproveproductsandservices

;lenienttoexcessiveleveragingandrisk-taking

;financialinstitutionshavelimitedforeigncompetition

;financiallawsandregulationsaremorelikelytobetwisted

WhendidChinaunveiltheShanghai-LondonStockConnectinmid-2019：（）

A:2019

B:2018

C:2020

D:2021

答案:2019

WhendidChinareformtheRMB-dollarcentralparitytomorecloselyalignwithprevioustradingday’sclosingprice?()

A:August11,2015

B:August11,2016

C:August12,2015

D:August12,2016

答案:August11,2015

第十二章测试

Creditboommayhappenwhenfinancialinnovationorfinanciallibera