第5单元 金融考试题 西南财经大学天府学院.docx
- 文档编号:24209415
- 上传时间:2023-05-25
- 格式:DOCX
- 页数:24
- 大小:19.06KB
第5单元 金融考试题 西南财经大学天府学院.docx
《第5单元 金融考试题 西南财经大学天府学院.docx》由会员分享,可在线阅读,更多相关《第5单元 金融考试题 西南财经大学天府学院.docx(24页珍藏版)》请在冰豆网上搜索。
第5单元金融考试题西南财经大学天府学院
FinancialMarketsandInstitutions,7e(Mishkin)
Chapter5HowDoRiskandTermStructureAffectInterestRates
MultipleChoice
1)Thetermstructureofinterestratesis
A)therelationshipamonginterestratesofdifferentbondswiththesameriskandmaturity.
B)thestructureofhowinterestratesmoveovertime.
C)therelationshipamongthetermstomaturityofdifferentbondsfromdifferentissuers.
D)therelationshipamonginterestratesonbondswithdifferentmaturitiesbutsimilarrisk.
Answer:
D
2)Theriskstructureofinterestratesis
A)thestructureofhowinterestratesmoveovertime.
B)therelationshipamonginterestratesofdifferentbondswiththesamematurity.
C)therelationshipamongthetermstomaturityofdifferentbonds.
D)therelationshipamonginterestratesonbondswithdifferentmaturities.
Answer:
B
3)Whichofthefollowinglong-termbondsshouldhavethelowestinterestrate
A)CorporateBaabonds
B).Treasurybonds
C)CorporateAaabonds
D)Municipalbonds
Answer:
D
4)Whichofthefollowinglong-termbondsshouldhavethehighestinterestrate
A)CorporateBaabonds
B).Treasurybonds
C)CorporateAaabonds
D)Municipalbonds
Answer:
A
5)Theriskpremiumoncorporatebondsbecomessmallerif
A)theriskinessofcorporatebondsincreases.
B)theliquidityofcorporatebondsincreases.
C)theliquidityofcorporatebondsdecreases.
D)theriskinessofcorporatebondsdecreases.
E)eitherBorDoftheaboveoccur.
Answer:
E
6)Bondswithrelativelylowriskofdefaultarecalled
A)zerocouponbonds.
B)junkbonds.
C)investment-gradebonds.
D)noneoftheabove.
Answer:
C
7)Bondswithrelativelyhighriskofdefaultarecalled
A)Bradybonds.
B)junkbonds.
C)zerocouponbonds.
D)investment-gradebonds.
Answer:
B
8)Acorporationsufferingbiglossesmightbemorelikelytosuspendinterestpaymentsonitsbonds,thereby
A)raisingthedefaultriskandcausingthedemandforitsbondstorise.
B)raisingthedefaultriskandcausingthedemandforitsbondstofall.
C)loweringthedefaultriskandcausingthedemandforitsbondstorise.
D)loweringthedefaultriskandcausingthedemandforitsbondstofall.
Answer:
B
9)(I)Ifacorporationsuffersbiglosses,thedemandforitsbondswillrisebecauseofthehigherinterestratesthefirmmustpay.
(II)Thespreadbetweentheinterestratesonbondswithdefaultriskanddefault-freebondsiscalledtheriskpremium.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
Answer:
B
10)Holdingeverythingelseconstant,ifacorporationbeginstosufferlargelosses,thenthedefaultriskonitsbondswill________andtheexpectedreturnonthosebondswill________.
A)increase:
increase
B)decrease;increase
C)increase;decrease
D)decrease;decrease
Answer:
C
11)Holdingeverythingelsethesame,ifacorporation'searningsrise,thenthedefaultriskonitsbondswill________andtheexpectedreturnonthosebondswill________.
A)increase;decrease
B)decrease;decrease
C)increase;increase
D)decrease;increase
Answer:
D
12)Ifacorporationbeginstosufferlargelosses,thenthedefaultriskonitsbondswill________andtheequilibriuminterestrateonthesebondswill________.
A)increase;decrease
B)decrease;increase
C)increase;increase
D)decrease;decrease
Answer:
C
13)Ifacorporation'searningsrise,thenthedefaultriskonitsbondswill________andtheequilibriuminterestrateonthesebondswill________.
A)increase;decrease
B)decrease;decrease
C)increase;increase
D)decrease;increase
Answer:
B
14)Whenthedefaultriskoncorporatebondsdecreases,otherthingsequal,thedemandcurveforcorporatebondsshiftstothe________andthedemandcurveforTreasurybondsshiftstothe________.
A)right;right
B)right;left
C)left;left
D)left;right
Answer:
B
15)(I)Anincreaseindefaultriskoncorporatebondsshiftsthedemandcurveforcorporatebondstotheright.
(II)AnincreaseindefaultriskoncorporatebondsshiftsthedemandcurveforTreasurybondstotheleft.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
Answer:
D
16)(I)Anincreaseindefaultriskoncorporatebondsshiftsthedemandcurveforcorporatebondstotheleft.
(II)AnincreaseindefaultriskoncorporatebondsshiftsthedemandcurveforTreasurybondstotheright.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
Answer:
C
17)Thespreadbetweeninterestratesonlow-qualitycorporatebondsandU.S.governmentbonds________duringtheGreatDepression.
A)wasreversed
B)narrowedsignificantly
C)widenedsignificantly
D)didnotchange
Answer:
C
18)Asaresultofthesubprimecollapse,thedemandforlow-qualitycorporatebonds________,thedemandforhigh-qualityTreasurybonds________,andtheriskspread________.
A)increased;decreased;wasunchanged
B)decreased;increased;increased
C)increased;decreased;decreased
D)decreased;increased;wasunchanged
Answer:
B
19)Moody'sandStandardandPoor'sareagenciesthat
A)helpinvestorscollectwhencorporationsdefaultontheirbonds.
B)advisemunicipalbondissuersonthetaxexemptstatusoftheirbonds.
C)produceinformationabouttheprobabilityofdefaultoncorporatebonds.
D)maintainliquidmarketsforcorporatebonds.
Answer:
C
20)IfMoody'sorStandardandPoor'sdowngradesitsratingonacorporatebond,thedemandforthebond________anditsyield________.
A)increases;decreases
B)decreases;increases
C)increases;increases
D)decreases;decreases
Answer:
B
21)Corporatebondsarenotasliquidasgovernmentbondsbecause
A)fewerbondsforanyonecorporationaretraded,makingthemmorecostlytosell.
B)thecorporatebondratingmustbecalculatedeachtimetheyaretraded.
C)corporatebondsarenotcallable.
D)alloftheabove.
E)onlyAandBoftheabove.
Answer:
A
22)(I)Theriskpremiumwidensasthedefaultriskoncorporatebondsincreases.
(II)Theriskpremiumwidensascorporatebondsbecomelessliquid.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
Answer:
C
23)Whenthecorporatebondmarketbecomeslessliquid,otherthingsequal,thedemandcurveforcorporatebondsshiftstothe________andthedemandcurveforTreasurybondsshiftstothe________.
A)right;right
B)right;left
C)left;left
D)left;right
Answer:
D
24)Whenthecorporatebondmarketbecomesmoreliquid,otherthingsequal,thedemandcurveforcorporatebondsshiftstothe________andthedemandcurveforTreasurybondsshiftstothe________.
A)right;right
B)right;left
C)left;left
D)left;right
Answer:
B
25)(I)Ifacorporatebondbecomeslessliquid,thedemandforthebondwillfall,causingtheinterestratetorise.
(II)Ifacorporatebondbecomeslessliquid,thedemandforTreasurybondsdoesnotchange.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
Answer:
A
26)(I)Ifacorporatebondbecomeslessliquid,theinterestrateonthebondwillfall.
(II)Ifacorporatebondbecomeslessliquid,theinterestrateonTreasurybondswillfall.
A)(I)istrue,(II)false.
B)(I)isfalse,(II)true.
C)Botharetrue.
D)Botharefalse.
Answer:
B
27)Ifincometaxrateswerelowered,then
A)theinterestrateonmunicipalbondswouldfall.
B)theinterestrateonTreasurybondswouldrise.
C)theinterestrateonmunicipalbondswouldrise.
D)thepriceofTreasurybondswouldfall.
Answer:
C
28)Ifincometaxratesrise,then
A)thepricesofmunicipalbondswillfall.
B)thepricesofTreasurybondswillrise.
C)theinterestrateonTreasurybondswillrise.
D)theinterestrateonmunicipalbondswillrise.
Answer:
C
29)Anincreaseinmarginaltaxrateswouldlikelyhavetheeffectof________thedemandformunicipalbondsand________thedemandforU.S.governmentbonds.
A)increasing;increasing
B)increasing;decreasing
C)decreasing;increasing
D)decreasing;decreasing
Answer:
B
30)Adecreaseinmarginaltaxrateswouldlikelyhavetheeffectof________thedemandformunicipalbondsand________thedemandforU.S.governmentbonds.
A)increasing;increasing
B)increasing;decreasing
C)decreasing;increasing
D)decreasing;decreasing
Answer:
C
31)Whichofthefollowingstatementsaretrue
A)Becausecouponpaymentsonmunicipalbondsareexemptfromfederalincometax,theexpectedafter-taxreturnonthemwillbehigherforindividualsinhigherincometaxbrackets.
B)Anincreaseintaxrateswillincreasethedemandformunicipalbonds,loweringtheirinterestrates.
C)Interestratesonmunicipalbondswillbelowerthanoncomparablebondswithoutthetaxexemption.
D)Alloftheabovearetruestatements.
E)OnlyAandBaretruestatements.
Answer:
D
32)Whichofthefollowingstatementsaretrue
A)Becausecouponpaymentsonmunicipalbondsareexemptfromfederalincometax,theexpectedafter-taxreturnonthemwillbehigherforindividualsinhigherincometaxbrackets.
B)AnincreaseintaxrateswillincreasethedemandforTreasurybonds,loweringtheirinterestrates.
C)Interestratesonmunicipalbondswillbehigherthanoncomparablebondswithoutthetaxexemption.
D)OnlyAandBaretruestatements.
Answer:
A
33)Whenamunicipalbondisgiventax-freestatus,thedemandformunicipalbondsshifts________,causingtheinterestrateonthebondto________.
A)leftward;rise
B)leftward;fall
C)rightward;rise
D)rightw
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 第5单元 金融考试题 西南财经大学天府学院 单元 金融 考试题 西南财经大学 天府 学院