雨课堂学堂在线学堂云Money,banking and financial markets(江西财经大学)单元测试考核答案

第1题

FinancialmarketsandinstitutionsAinvolvethemovementofhugeflowsofmoneyBaffecttheprofitsofbusinessesCaffectthetypesofgoodsandservicesproducedinaneconomyDdoeachoftheabove第2题Well-functioningfinancialmarketspromoteAinflationBdeflationCunemploymentDgrowth第3题Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageoftherentalof$100peryear)iscommonlyreferredtoastheAinflationrateBexchangerateCinterestrateDaggregatepricelevel第4题Whichofthefollowingcanbedescribedasdirectfinance?AYoutakeoutamortgagefromyourlocalbankBYouborrow$2500fromafriendCApensionfundlendsmoneytoGeneralMotorsDYoubuysharesinamutualfund第5题SecondarymarketsmakefinancialinstrumentsmoreAsolidBfluidCliquidDrisky第1题CurrencyincludesApapermoneyandcoinsBpapermoney,coins,andchecks.CpapermoneyandchecksDpapermoney,coins,checks,andsavingsdeposits第2题Ifpeanutsserveasamediumofexchange,aunitofaccount,andastoreofvalue,thenpeanutsareAbankdepositsBmoneyCreservesDloanablefunds第3题Whichofthefollowingaretruestatements?ATheconversionofabartereconomytoonethatusesmoneyincreasesefficiencybyincreasingthecostofexchangeBTheconversionofabartereconomytoonethatusesmoneyincreasesefficiencybyincreasingthecosttothosewhowishtospecializeCTheconversionofabartereconomytoonethatusesmoneyincreasesefficiencybyreducingtransactionscostsDAlloftheabovearetrue第4题Becauseitisamediumofexchange,moneyAeliminatestherequirementforadoublecoincidenceofwantsBencouragesspecializationCreducestransactioncostsDdoesalloftheabove第5题Theevolutionofthepaymentssystemfrombartertopreciousmetals,thentofiatmoney,thentocheckscanbestbeunderstoodasaconsequenceofAgovernmentregulationsdesignedtoimprovetheefficiencyofthepaymentssystemBgovernmentregulationsdesignedtopromotethesafetyofthepaymentssystemCinnovationsthatreducedthecostsofexchanginggoodsandservicesDalloftheabovetest3第1题Theinterestratethatequatesthepresentvalueofpaymentsreceivedfromadebtinstrumentwithitsvaluetodayisthe()Asimpleinterestrate.Bdiscountrate.Cyieldtomaturity.Drealinterestrate.第2题Toclaimthatalotterywinnerwhoistoreceive1millionperyearfortwentyyearshaswon20millionignorestheconceptof()Aamortizingaloan.Bparvalue.Cdeflation.Ddiscountingthefuture.Efacevalue.第3题Thepresentvalueofalotteryprizepaying$1millioneachyearfortwentyyears,discountedatarateof10percent,isworth()Amorethen$30million.Bbetween20millionand30million.Cexactly$20million.D$18million.Elessthan$10million.正确答案：E第4题Withaninterestrateof5percent,thepresentvalueof$100nextyearisapproximately()A$100.B$105.C$95.D$90.第5题Withaninterestrateof8percent,thepresentvalueof$100nextyearisapproximately()A$108.B$100.C$96.D$93第6题Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasa()Asimpleloan.Bfixed-paymentloan.Ccouponbond.Ddiscountbond.第7题Ifa$20,000couponbondhasacouponrateof8percent,thenthecouponpaymenteveryyearisA$80B$160C$1600D$800第8题Whichofthefollowing$1,000face-valuesecuritieshasthehighestyieldtomaturityAA5percentcouponbondsellingfor$1,000BA10percentcouponbondsellingfor$1,000CA12percentcouponbondsellingfor$1,000DA12percentcouponbondsellingfor$1,100第9题Thereturnona10percentcouponbondthatinitiallysellsfor1,000andsellsfor1,200nextyearisA15%B25%C30%D33%第10题Adiscountbondsellingfor15,000withafacevalueof20,000inoneyearhasayieldtomaturityofA3%B20%C25%D33.3%E66.7%test4第1题Theinterestratethatequatesthepresentvalueofpaymentsreceivedfromadebtinstrumentwithitsvaluetodayisthe()AsimpleinterestratE.BdiscountratE.Cyieldtomaturity.DrealinterestratE.第2题Toclaimthatalotterywinnerwhoistoreceive1millionperyearfortwentyyearshaswon20millionignorestheconceptof()Aamortizingaloan.BparvaluE.Cdeflation.DdiscountingthefuturE.EfacevaluE.第3题Thepresentvalueofalotteryprizepaying$1millioneachyearfortwentyyears,discountedatarateof10percent,isworth()Amorethen$30million.Bbetween20millionand30million.Cexactly$20million.D$18million.Elessthan$10million.正确答案：E第4题Withaninterestrateof5percent,thepresentvalueof$100nextyearisapproximately()A$100.B$105.C$95.D$90.第5题Withaninterestrateof8percent,thepresentvalueof$100nextyearisapproximately()A$108.B$100.C$96.D$93.第6题Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasa()Asimpleloan.Bfixed-paymentloan.CcouponbonD.DdiscountbonD.第7题Whichofthefollowingaretrueofsimpleloans?()AAsimpleloanrequirestheborrowertorepaytheprincipalandinterestatthematuritydatE.BandCInstallmentloansandmortgagesarefrequentlyofthefixedpaymenttypE.DoftheabovE.EandFTheborrowerrepaystheloanbymakingthesamepaymenteverymonth.GoftheabovE.HBothIBoth第8题Forsimpleloans,thesimpleinterestrateis()theyieldtomaturity.AgreaterthanBlessthanCequaltoDnotcomparableto第9题Aloanthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateiscalleda()Asimpleloan.Bfixed-paymentloan.Cdiscountloan.Dasame-paymentloan.EnoneoftheabovE.第10题Whichofthefollowingaretrueoffixedpaymentloans?()ATheborrowerrepaysboththeprincipalandinterestatthematuritydatE.BandCInstallmentloansandmortgagesarefrequentlyofthefixedpaymenttypE.DoftheabovE.EandFTheborrowerrepaystheloanbymakingthesamepaymenteverymonth.GoftheabovE.HBothIBoth正确答案：I第11题TEST5第1题单选题(1)IftheexpectedreturnonABCstockrisesfrom5to10percentandtheexpectedreturnonCBSstockisunchanged,thentheexpectedreturnofholdingCBSstock_____relativetoABCstockandthedemandforCBSstock_____()Arises;risesBrises;fallsCfalls;risesDfalls;falls第2题IftheexpectedreturnonABCstockrisesfrom5to10percentandtheexpectedreturnonCBSstockisunchanged,thentheexpectedreturnofholdingCBSstock_____relativetoABCstockandthedemandforCBSstock_____()Arises;risesBrises;fallsCfalls;risesDfalls;falls第3题IftheexpectedreturnonNBCstockrisesfrom5to10percentandtheexpectedreturnonCBSstockrisesfrom12to18percent,thentheexpectedreturnofholdingCBSstock_____relativetoNBCstockandthedemandforCBSstock_____()Arises;risesBrises;fallsCfalls;risesDfalls;falls第4题IfinterestratesonTreasurybondsaresuddenlyexpectedtoshootup,then,otherthingsequal,thedemandforhouseswill_____andthatofTreasurybondswill_____()Aincrease;increaseBincrease;decreaseCdecrease;decreaseDdecrease;increase第5题Ifstockpricesareexpectedtodropdramatically,then,otherthingsequal,thedemandforstockswill_____andthatofTreasurybillswill_____()Aincrease;increaseBincrease;decreaseCdecrease;decreaseDdecrease;increase第6题Adecreaseinexpectedinflationshiftsthedemandforbondstothe________,thesupplyofbondstothe________,andtheinterestrate_______()Aright;right;risesBright;left;risesCright;left;fallsDleft;left;fallsEleft;right;rises第7题Duringabusinesscyclecontraction,thesupplyofbondsshiftstothe_____asbusinessesperceivefewerprofitableinvestmentopportunities,whilethedemandforbondsshiftstothe_____asaresultofthedecreaseinwealth.()Aright;leftBright;rightCleft;leftDleft;rightTEST6第1题Ifthepossibilityofadefaultincreasesbecausecorporationsbegintosufferlosses,thenthedefaultriskoncorporatebondswill_____,andthebonds’returnswillbecome_____uncertain,meaningthattheexpectedreturnonthesebondswilldecrease.()Aincrease;lessBincrease;moreCdecrease;lessDdecrease;more第2题Thetheoryofassetdemandpredictsthatasthepossibilityofadefaultonacorporatebondincreases,theexpectedreturnonthebond_____whileitsrelativeriskiness_____()Arises;risesBrises;fallsCfalls;risesDfalls;falls第3题Thetheoryofassetdemandpredictsthatadeclineintheexpectedreturnoncorporatebondsduetoariseinrelativeriskinesscauses()Aadeclineinthedemandfordefault-freebonds.Banincreaseinthedemandofcorporatebonds.Cadeclineinthedemandforcorporatebonds.Dadeclineinthesupplyofcorporatebonds.第4题Yieldcurvescanbeclassifiedas()Aupwardsloping.BandCdownwardsloping.Doftheabove.Eflat.Falloftheabove.Gonly正确答案：F第5题Thetermstructureofinterestratesis()Atherelationshipamonginterestratesofdifferentbondswiththesamematurity.Bthestructureofhowinterestratesmoveovertime.Ctherelationshipamongthetermtomaturityofdifferentbonds.Dtherelationshipamonginterestratesonbondswithdifferentmaturities.第6题Theliquiditypremiumtheoryofthetermstructure()Aindicatesthattoday’slong-terminterestrateequalstheaverageofshort-terminterestratesthatpeopleexpecttooccuroverthelifeofthelong-termbond.Bassumesthatbondsofdifferentmaturitiesareperfectsubstitutes.Csuggeststhatmarketsforbondsofdifferentmaturitiesarecompletelyseparatebecausepeoplehavepreferredhabitats.Ddoesnoneoftheabove.test8第1题Whichofthefollowingisnotoneoftheeightbasicpuzzlesaboutfinancialstructure?()AOnlylarge,well-establishedcorporationshaveaccesstosecuritiesmarketstofinancetheiractivities.BIndirectfinance,whichinvolvestheactivitiesoffinancialintermediaries,ismanytimesmoreimportantthandirectfinance,inwhichbusinessesraisefundsdirectlyfromlendersinfinancialmarkets.CCollateralisaprevalentfeatureofdebtcontractsforhouseholds,butnotbusinesssincetheyhavemanyalternativesourcesforfunds.DBanksarethemostimportantsourceofexternalfundstofinancebusinesses.第2题Financialintermediariesprovidetheircustomerswith()Areducedtransactionscosts.Bincreaseddiversificationandreducedrisk.CandDgreaterliquidity.Eoftheabove.Falloftheabove.Gonly正确答案：F第3题Thecurrentstructureoffinancialmarketscanbebestunderstoodastheresultofattemptsbyfinancialmarketparticipantsto()Aadapttocontinuallychanginggovernmentregulations.BdealwiththegreatnumberofsmallfirmsintheUnitedStates.Creducetransactioncosts.Dcartelizetheprovisionoffinancialservices.第4题Thereductionintransactionscostsperdollarofinvestmentasthesizeoftransactionsincreasesis()Adiscounting.BandCeconomiesofscale.Doftheabove.Eeconomiesoftrade.Fdiversification.Gboth第5题Theproblemcreatedbyasymmetricinformationbeforethetransactionoccursiscalled_____,whiletheproblemcreatedafterthetransactionoccursiscalled()Aadverseselection;moralhazardBmoralhazard;adverseselectionCcostlystateverification;free-ridingDfree-riding;costlystateverification第6题The“lemonsproblem”existsbecauseof()Atransactionscosts.Beconomiesofscale.Cregulation.Dasymmetricinformation.Erationalexpectations.test9第1题Abank’sbalancesheet()Ashowsthattotalassetsequalstotalliabilitiesplusequitycapital.BandClistssourcesandusesofbankfunds.DoftheaboveEindicateswhetherornotthebankisprofitable.Fdoesalloftheabove.Gdoesonly正确答案：G第2题Whichofthefollowingstatementsaretrue?()AAbank’sassetsareitssourcesoffunds.BAbank’sliabilitiesareitsusesoffunds.CAbank’sbalancesheetshowsthattotalassetsequaltotalliabilitiesplusequitycapital.DEachoftheabove.第3题Whichofthefollowingarereportedasliabilitiesonabank’sbalancesheet?().ANontransactiondepositsBandCBankcapitalDoftheaboveEandFLoansGoftheaboveHOnlyIOnly正确答案：H第4题Checkabledepositsandmoneymarketdepositaccountsare()Apayableondemand.BandCandDliabilitiesofthebanks.Eoftheabove.Fassetsofthebanks.Goftheabove.HonlyIonly正确答案：H第5题When$1millionisdepositedatabank,therequiredreserveratiois20percent,andthebankchoosesnottoholdanyexcessreservesbutmakesloansinstead,then,inthebank’sfinalbalancesheet,()Atheassetsatthebankincreaseby$800,000.Btheliabilitiesofthebankincreaseby$1,000,000.Ctheliabilitiesofthebankincreaseby$800,000.Dreservesincreaseby$160,000.第6题Ifabankhas100,000ofdeposits,arequiredreserveratioof20percent,anditholds30,000inreserves,thenithasenoughreservestosupportadepositoutflowof()A$20,000.BorC$11,000.Doftheabove.EorF$5,000.Goftheabove.HeitherIeither正确答案：I第7题Ifabankhas100,000ofdeposits,arequiredreserveratioof20percent,anditholds40,000inreserves,thenthemaximumdepositoutflowitcansustainwithoutalteringitsbalancesheetis()A$30,000.B$25,000.C$20,000.D$10,000.第8题Abankfailureislesslikelytooccurwhen().AabankholdsfewerBabanksufferslargedepositoutflows.Cabankholdsmoreexcessreserves.Dabankhaslessbankcapital.ES.governmentsecurities.test10第1题test10第1题Whichofthefollowingaredepositoryinstitutions?()ACommercialbanksBCreditunionsCSavingsandloanassociationsDMutualsavingsbanksEAlloftheabove正确答案：E第2题Themonetarybaseconsistsof()Acurrencyincirculationandvaultcash.Bcurrencyincirculationandgovernmentsecurities.Ccurrencyincirculationandreserves.Dreservesandgovernmentsecurities.Ecurrencyincirculationanddiscountloans.第3题Thesumofvaultcashandbankdepositsatcentralbankiscalled()Athemonetarybase.Bthemoneysupply.Creserves.Ddiscountloans.第4题Totalreservesarethesumof__________.()Aexcessreserves;borrowedreserves.Brequiredreserves;currencyincirculationCvaultcash;excessreservesDvaultcash;bankdepositswiththeFedEexcessreserves;requiredreserves正确答案：E第5题Theamountofdepositsthatbanksmustholdinreserveis()Aexcessreserves.Brequiredreserves.Ctotalreserves.Dvaultcash.Ebankdepositsincentralbank第6题Thepercentageofdepositsthatbanksmustholdinreserveinthe()Aexcessreserveratio.Brequiredreserveratio.Ctotalreserveratio.Dvaultcashratio.Ecurrencyratio.第7题Adecreaseingovernmentsecuritiesheldbythecentralbankleadsto()Aanincreaseinthemonetarybase.BandCanincreaseinthemoneysupply.Doftheabove.Eadeclineinthemoneysupply.Fonly正确答案：E第8题Bymakingdiscountloans()Athecentralbankprovidesreservestothebankingsystem.BandCthecentralbankearnsinterestincome.Doftheabove.EtheTreasuryincreasesitsdeposits.Falloftheabove.Gboth正确答案：G第9题Asaleofgovernmentbondsbythecentralbank()Aiscalledanopenmarketissue.BandCdecreasesthemonetarybase,allelsebeingthesame.Doftheabove.Eincreasesdiscountloans,allelsebeingthesame.Fdoesonly第10题Ifabankhasexcessreservesof4,000anddemanddepositliabilitiesof100,000,andifthereserverequirementis10percent,thenthebankhasactualreservesof().A$24,000.B$19,000.C$14,000.D$29,000.第11题ABCBankhasexcessreservesof$150.Assumingarequiredreserveratioof10%,theFirstBankcanlend()A$1500.B$750.C$150.D$135.E$0.第12题Ifthecentralbankpurchases$100worthofbondsfromabankthatpreviouslyhadnoexcessreserves,depositsinthebankingsystemcanpotentiallyincreaseby()A$10.B$100.C$100timesthedepositexpansionmultiplier.D$100timestherequiredreserveratio.moneydemand第1题Thequantitytheoryofmoneyisatheoryof()Ahowthemoneysupplyisdetermined.Bhowinterestratesaredetermined.Chowthenominalvalueofaggregateincomeisdetermined.Dalloftheabove.第2题IfnominalGDPis$10trillion,andvelocityis10,themoneysupplyis()A$100trillion.B$10trillion.C$5trillion.D$1trillion.Enoneoftheabove.TEST13第1题TheFedusesthreepolicytoolstomanipulatethemoneysupply:openmarketoperations,whichaffectthe_____;changesindiscountlending,whichaffectthe_____byinfluencingthequantityofdiscountloans;andchangesinreserverequirements,whichaffectthe_____.()Amoneymultiplier;monetarybase;monetarybaseBmonetarybase;moneymultiplier;monetarybaseCmonetarybase;monetarybase;moneymultiplierDmoneymultiplier;moneymultiplier;monetarybase第2题Theinterestratechargedonovernightloansofreservesbetweenbanksisthe()Aprimerate.Bdiscountrate.Cinterbankofferedrate.DTreasurybillrate.Erediscountrate.第3题Inthemarketforreserves,