货币银行学题库国际商学经济学 6.docx
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货币银行学题库国际商学经济学 6.docx
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货币银行学题库国际商学经济学6
Chapter4
UnderstandingInterestRates
1 MultipleChoice
1)Ofthefollowingmeasuresofinterestrates,whichisconsideredbyeconomiststobethemostaccurate?
(a)Theyieldtomaturity
(b)Thecouponrate
(c)Thecurrentyield
(d)Theyieldonadiscountbasis
Answer:
A
QuestionStatus:
PreviousEdition
2)Theinterestratethateconomistsconsidertobethemostaccuratemeasureisthe
(a)currentyield.
(b)yieldtomaturity.
(c)yieldonadiscountbasis.
(d)couponrate.
Answer:
B
QuestionStatus:
PreviousEdition
3)Theinterestratethatequatesthepresentvalueofpaymentsreceivedfromadebtinstrumentwithitsvaluetodayisthe
(a)simpleinterestrate.
(b)discountrate.
(c)yieldtomaturity.
(d)realinterestrate.
Answer:
C
QuestionStatus:
PreviousEdition
4)Economistsconsiderthe______tobethemostaccuratemeasureofinterestrates.
(a)simpleinterestrate.
(b)discountrate.
(c)yieldtomaturity.
(d)realinterestrate.
Answer:
C
QuestionStatus:
PreviousEdition
5)Theconceptof_____isbasedonthecommon-sensenotionthatadollarpaidtoyouinthefutureislessvaluabletoyouthanadollartoday.
(a)presentvalue
(b)futurevalue
(c)interest
(d)deflation
Answer:
A
QuestionStatus:
PreviousEdition
6)Theprocessofcalculatingwhatdollarsreceivedinthefutureareworthtodayiscalled
(a)calculatingtheyieldtomaturity.
(b)discountingthefuture.
(c)deflatingthefuture.
(d)noneoftheabove.
Answer:
B
QuestionStatus:
PreviousEdition
7)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheconceptof
(a)amortizingaloan.
(b)parvalue.
(c)deflation.
(d)discountingthefuture.
(e)facevalue.
Answer:
D
QuestionStatus:
New
8)Thepresentvalueofalotteryprizepaying$1millioneachyearfortwentyyears,discountedatarateof10percent,isworth
(a)morethen$30million.
(b)between$20millionand$30million.
(c)exactly$20million.
(d)$18million.
(e)lessthan$10million.
Answer:
E
QuestionStatus:
New
9)Withaninterestrateof5percent,thepresentvalueof$100nextyearisapproximately
(a)$100.
(b)$105.
(c)$95.
(d)$90.
Answer:
C
QuestionStatus:
PreviousEdition
10)Withaninterestrateof10percent,thepresentvalueofasecuritythatpays$1,100nextyearand$1,460fouryearsfromnowis:
(a)$1,000.
(b)$2,560.
(c)$3,000.
(d)$2,000.
Answer:
D
QuestionStatus:
PreviousEdition
11)Ifasecuritypays$110nextyearand$121theyearafterthat,whatisitsyieldtomaturityifitsellsfor$200?
(a)9percent
(b)10percent
(c)11percent
(d)12percent
Answer:
B
QuestionStatus:
PreviousEdition
12)Withaninterestrateof8percent,thepresentvalueof$100nextyearisapproximately
(a)$108.
(b)$100.
(c)$96.
(d)$93.
Answer:
D
QuestionStatus:
PreviousEdition
13)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximately
(a)$106.
(b)$100.
(c)$94.
(d)$92.
Answer:
C
QuestionStatus:
PreviousEdition
14)Withaninterestrateof4percent,thepresentvalueof$100nextyearisapproximately
(a)$104.
(b)$100.
(c)$96.
(d)$92.
Answer:
C
QuestionStatus:
PreviousEdition
15)Ifasecuritypays$105nextyearand$110theyearafterthat,whatisitsyieldtomaturityifitsellsfor$200?
(a)4percent
(b)5percent
(c)6percent
(d)10percent
Answer:
B
QuestionStatus:
PreviousEdition
16)Asecuritythatpays$52.50inoneyearand$110.25intwoyears,withaninterestrateof5percent,hasapresentvalueof
(a)$150.
(b)$162.50.
(c)$200.
(d)$300.
(e)$400.
Answer:
A
QuestionStatus:
StudyGuide
17)Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateis
(a)5percent.
(b)10percent.
(c)12.5percent.
(d)15percent.
(e)20percent.
Answer:
B
QuestionStatus:
StudyGuide
18)Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasa
(a)simpleloan.
(b)fixed-paymentloan.
(c)couponbond.
(d)discountbond.
Answer:
A
QuestionStatus:
PreviousEdition
19)Whichofthefollowingaretrueofsimpleloans?
(a)Asimpleloanrequirestheborrowertorepaytheprincipalandinterestatthematuritydate.
(b)Commercialloanstobusinessesareoftenofthistype.
(c)Theborrowerrepaystheloanbymakingthesamepaymenteverymonth.
(d)Both(a)and(b)oftheabove.
(e)Both(b)and(c)oftheabove.
Answer:
D
QuestionStatus:
PreviousEdition
20)Whichofthefollowingaretrueofsimpleloans?
(a)Asimpleloanrequirestheborrowertorepaytheprincipalandinterestatthematuritydate.
(b)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.
(c)Theborrowerrepaystheloanbymakingthesamepaymenteverymonth.
(d)Both(a)and(b)oftheabove.
(e)Both(b)and(c)oftheabove.
Answer:
A
QuestionStatus:
PreviousEdition
21)Forasimpleloan,thesimpleinterestrateequalsthe
(a)realinterestrate.
(b)nominalinterestrate.
(c)currentyield.
(d)yieldtomaturity.
Answer:
D
QuestionStatus:
PreviousEdition
22)Forsimpleloans,thesimpleinterestrateis_____theyieldtomaturity.
(a)greaterthan
(b)lessthan
(c)equalto
(d)notcomparableto
Answer:
C
QuestionStatus:
PreviousEdition
23)Foratwo-yearsimpleloanof$1000at10percentinterest,theamountpayableintwoyearsis
(a)$1010.
(b)$1100.
(c)$1121.
(d)$1200.
(e)$1210.
Answer:
E
QuestionStatus:
New
24)If$1102.50istheamountpayableintwoyearsfora$1000simpleloanmadetoday,theinterestrateis
(a)2.5percent.
(b)5percent.
(c)10percent.
(d)12.5percent.
(e)20percent.
Answer:
B
QuestionStatus:
New
25)Iftheamountpayableintwoyearsis$2420forasimpleloanat10percentinterest,theloanamountis
(a)$1000.
(b)$1210.
(c)$2000.
(d)$2200.
(e)$2400.
Answer:
C
QuestionStatus:
New
26)Fora3-yearsimpleloanof$10,000at10percent,theamounttoberepaidis
(a)$10,030.
(b)$10,300.
(c)$10,333.
(d)$13,000.
(e)$13,310.
Answer:
E
QuestionStatus:
New
27)Iftheamountpayableintwoyearsis$18,150forasimpleloanat10percentinterest,theloanamountis
(a)$18,000.
(b)$15,000.
(c)$12,000.
(d)$10,000.
(e)$8,000.
Answer:
B
QuestionStatus:
New
28)If$22,050istheamountpayableintwoyearsfora$20,000simpleloanmadetoday,theinterestrateis
(a)5percent.
(b)10percent.
(c)22percent.
(d)25percent.
(e)205percent.
Answer:
A
QuestionStatus:
New
29)Aloanthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateiscalleda
(a)simpleloan.
(b)fixed-paymentloan.
(c)discountloan.
(d)asame-paymentloan.
(e)noneoftheabove.
Answer:
B
QuestionStatus:
PreviousEdition
30)Acreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasa
(a)simpleloan.
(b)fixed-paymentloan.
(c)couponbond.
(d)discountbond.
Answer:
B
QuestionStatus:
PreviousEdition
31)Whichofthefollowingaretrueoffixedpaymentloans?
(a)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.
(b)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.
(c)Theborrowerrepaystheloanbymakingthesamepaymenteverymonth.
(d)Both(a)and(b)oftheabove.
(e)Both(b)and(c)oftheabove.
Answer:
E
QuestionStatus:
PreviousEdition
32)Afullyamortizedloanisanothernamefor
(a)asimpleloan.
(b)afixed-paymentloan.
(c)acommercialloan.
(d)asecuredloan.
(e)anunsecuredloan.
Answer:
B
QuestionStatus:
New
33)Acouponbondpaystheownerofthebond
(a)thesameamounteverymonthuntilmaturitydate.
(b)thefacevalueofthebondplusaninterestpaymentoncethematuritydatehasbeenreached.
(c)afixed-interestpaymenteveryperiodandrepaysthefacevalueatthematuritydate.
(d)thefacevalueatthematuritydate.
(e)noneoftheabove.
Answer:
C
QuestionStatus:
PreviousEdition
34)Acreditmarketinstrumentthatpaystheownerafixedcouponpaymenteveryyearuntilthematuritydateandthenrepaysthefacevalueiscalleda
(a)simpleloan.
(b)fixed-paymentloan.
(c)couponbond.
(d)discountbond.
Answer:
C
QuestionStatus:
PreviousEdition
35)A______paystheownerafixedcouponpaymenteveryyearuntilthematuritydate,whenthe______valueisrepaid.
(a)couponbond;discount
(b)discountbond;discount
(c)couponbond;face
(d)discountbond;face
Answer:
C
QuestionStatus:
PreviousEdition
36)Whichofthefollowingaretrueofcouponbonds?
(a)Theownerofacouponbondreceivesafixedinterestpaymenteveryyearuntilthematuritydate,whenthefaceorparvalueisrepaid.
(b)U.S.Treasurybondsandnotesareexamplesofcouponbonds.
(c)Corporatebondsareexamplesofcouponbonds.
(d)Alloftheabove.
(e)Only(a)and(b)oftheabove.
Answer:
D
QuestionStatus:
PreviousEdition
37)Acouponbondisidentifiableinwhichofthefollowingways?
(a)Theissuinggovernmentagencyorfirm.
(b)Thematuritydateofthebond.
(c)Thebond’scouponrate.
(d)Alloftheabove.
(e)Only(b)and(c)oftheabove.
Answer:
D
QuestionStatus:
PreviousEdition
38)Acouponbondisidentifiableinwhichofthefollowingways?
(a)Theissuinggovernmentagencyorfirm
(b)Thematuritydateofthebond
(c)Thebond’syieldtomaturity
(d)Alloftheabove
(e)Only(a)and(b)oftheabove
Answer:
E
QuestionStatus:
PreviousEdition
39)Whichofthefollowingaretrueforacouponbond?
(a)Whenthecouponbondispricedatitsfacevalue,
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