1. In general, the more liquid an asset the ______.
, e4 _( h, C# ` z2 XA. less it is likely to yield
2 n `$ \! o3 t5 p2 b* MB. greater its risk of default- G5 j6 N" B. {! @, D/ N
C. lower its market price will be% K1 A& K5 f$ n/ [7 g7 }
D. more it will add to bank profits3 ^4 `3 N0 c$ h3 b; P. i4 I
2. The interest rate printed on the face of a bond is called the ______.4 U5 d8 N/ j) @; _7 v
A. coupon rate
* y" f1 P( h7 d! H' Q% M5 {B. prime rate5 z3 a) I/ l6 O; @! R" }& Z7 M
C. printed rate: a$ V, B' ^) @9 }+ \; q7 j
D. nominal rate
% L9 D4 ~- a6 e3 s- {3. A rise in interest rates leads to ______.5 I$ X# g- t- R% @5 L5 P9 M
A. capital gains for bondholders
6 d7 w' N0 B7 i/ i. T6 Q% mB. capital losses for bondholders
$ V2 S7 C) J# v" kC. income gains for bondholders
2 N$ Q r0 ]. [$ c' h+ w" t" `* lD. income losses for bondholders
' d# Z( q# T/ ?/ p' H4. If the reserve requirement ratio were equal to zero, then ______.
* X0 W( d: X( l2 l2 D X& pA. the deposit multiplier would be infinitely large+ O# {9 @4 z2 T
B. required reserves would be equal to zero
0 Y0 K1 A: X1 y0 M+ {7 x* {) OC. the banking system would theoretically be able to create an infinitely large amount of demand deposits
- {7 D4 v& u5 J. a* kD. all of the above
( h: z8 U. f, t* z9 e t5. Financial intermediaries’ primary function in financial markets is to serve as ______.
/ @6 Q5 Y4 _) qA. ultimate borrowers; R5 i5 b# y4 i
B. ultimate lenders
* u/ F( T8 j% dC. ultimate savers
, i- |* ]: R, k0 q7 t5 _5 ]D. middlemen
# L! F/ ]- ^. a6 h% x7 @! ?6. Suppose the Fed buys $10 million in government securities from a commercial bank. If the required reserve ratio is 0.25, what is the maximum amount by which checkable deposits in the banking system can change? ______.
5 b2 L' U" p1 B& wA. +$10000000
0 c0 x+ B4 [& c; D# _B. +$25000000
" B! M& e; Z1 p7 J2 f' {C. +$40000000: c6 d* ^' _4 U/ \4 F- n3 }
D. -$40000000* n% m4 n3 r5 H, }
7. Suppose the annualized yield on a 91-day Treasury bill is 1.25%. If you invested $10 000 in this bill, how much would you have to pay for this security? ______.
3 A* @. c1 A" _, Y; ?/ zA. $11.250
4 q4 B4 Z9 b& U$ w1 _/ t* f3 bB. $10012.50! E5 o% }# z& K$ C7 x
C. $9998.751 j) l9 _; ]5 V L/ F7 c2 A
D. $9968.93
' d% C8 y4 H `$ e6 @9 Q. t8. Who are the first to bear financial losses incurred by the bank? ______.
: z/ f: o$ M5 JA. The depositors
3 S4 c! @& |- A0 y( Z1 u( pB. The debtors. I E+ T% j. @& e: e. a
C. The bank capital shareholders
% Q( `1 }7 k& S" KD. The bank employees" X. C) J0 a( N! w
9. A government is faced with a balance of payments deficit. It may take action to deal with this by doing all of the following except ______.
9 C/ w- U3 ` J5 X+ h! S7 |' m$ AA. devalue the currency! K1 l% v" ^$ M$ e
B. reduce interest rates# I. c% O7 Y7 U( f4 A! A7 b
C. restrict consumer spending
/ U A' } J0 _ r1 bD. restrict imports
! t4 |6 m4 J. y0 V' H) _ x6 G* e+ v+ B& X6 _7 |
10. According to the principle of comparative advantage, countries ______.( O" c+ w7 H. _+ v/ [6 ~- W
A. should specialize in producing goods they have lower opportunity cost for; l- f/ ^3 K7 ~/ `4 C3 V j
B. should export goods they can produce at lower input costs" @4 U. d1 f! B, F% S, H: A' i
C. will specialize in producing goods which they can produce at lower input costs
% L$ V3 z* v! U" A/ w+ e" gD. should specialize in producing goods they have lower absolute costs for7 c! W9 Y: p/ Y# C
11. A currency depreciation on the foreign exchange market will ______./ h' t; b+ B5 S- d" e1 J* O
A. encourage imports to the country whose currency has depreciated
* }- V# W9 ]2 E1 s* E; \B. discourage imports to the country whose currency has depreciated8 X2 v6 y# {( j: X7 D+ ]4 M
C. discourage exports to the country whose currency has depreciated
$ a5 r' k1 b# QD. encourage foreign travel by the citizens of the country whose currency has depreciated
4 s' ?3 a: y7 w; P" u12. The difference between fiscal policy and monetary policy is that ______.3 g5 k% F0 q: N6 E
A. fiscal policy is macroeconomic policy and monetary policy is microeconomic policy
- d) X z4 j1 y( p6 ]! z$ O8 wB. monetary policy is macroeconomic policy and fiscal policy is microeconomic policy
; }1 N+ D w/ u$ w3 b( W2 ZC. fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods
; e( n; M8 y9 E+ D, c5 \D. monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing
; z; R1 h6 m( u13. When economists speak of the utility of a certain good, they are referring to ______.
$ o& z" _" ~5 B% W! P. m7 OA. the demand for the good
7 `2 ~# j' L9 i5 ~B. the usefulness of the good in consumption& F# K5 @* N: |8 S6 ?6 d$ l8 _
C. the satisfaction gained from consuming the good; h2 Y: T6 V1 v
D. the rate at which consumers are willing to exchange one good for another. M1 R8 M6 _( p( F) q3 P F
14. How are financial ratios used in decision making? ______.9 C8 `5 R4 @& }
A. They remove the uncertainty of the business environment* [3 b' D# f7 \) j6 \2 G+ m
B. They give clear signals about the appropriate action to take+ {4 a3 p6 W5 ?$ G+ c
C. They can help identify the reasons for success and failure in business, but decision making requires information beyond the ratios/ s x: c- R# g% z* [( Z6 @. Z4 Y8 m
D. They aren’t useful because decision making is too complex.
/ S6 a4 U7 O0 [) ^3 e15. A good is called an inferior good if sales ______.! I5 [! A+ ]3 X) @9 p2 C% ^8 J8 y
A. are unaffected by income0 A0 T8 u, g& [5 N% z: Z }( M
B. rise as price increases
: n* |7 f: t/ Q5 ^' y0 c# xC. decline as price increases/ S2 e/ P6 S& }% I
D. decline as income increases5 H+ ^; \5 S! [6 ]3 q
4 q! p$ F6 x. B, m+ N
16. Interest rates are made up of ______., B* @+ s n; j
A. the real rate and the inflation premium3 q* e u( V) I8 ^
B. the risk-free rate and the period rate
8 J- L, a, p4 a7 F( J8 U& ?C. the risk premium |
发表于 2012-8-16 08:05:44
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