货币金融学习题.docx
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货币金融学习题.docx
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货币金融学习题
货币金融学习题
Chapter1WhyStudyMoney,Banking,andFinancialMarkets?
1.1WhyStudyFinancialMarkets?
1)FinancialmarketspromoteeconomicefficiencybyA)channelingfundsfrominvestorstosavers.B)creatinginflation.
C)channelingfundsfromsaverstoinvestors.D)reducinginvestment.Answer:
CQuesStatus:
Revised
2)Financialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.A)investors;saversB)borrowers;saversC)savers;borrowersD)savers;lenders
Answer:
CQuesStatus:
New
3)Well-functioningfinancialmarketspromoteA)inflation.B)deflation.C)unemployment.D)growth.
Answer:
DQuesStatus:
Revised
4)Marketsinwhichfundsaretransferredfromthosewhohaveexcessfundsavailabletothose
whohaveashortageofavailablefundsarecalledA)commoditymarkets.B)fund-availablemarkets.C)derivativeexchangemarkets.D)financialmarkets.
Answer:
DQuesStatus:
PreviousEdition
5)________marketstransferfundsfrompeoplewhohaveanexcessofavailablefundstopeoplewhohaveashortage.A)CommodityB)Fund-availableC)Financial
D)DerivativeexchangeAnswer:
CQuesStatus:
New
6)PoorlyperformingfinancialmarketscanbethecauseofA)wealth.B)poverty.C)financialstability.D)financialexpansion.Answer:
BQuesStatus:
Revised
7)Thebondmarketsareimportantbecausetheyare
A)easilythemostwidelyfollowedfinancialmarketsintheUnitedStates.
B)themarketswhereforeignexchangeratesaredetermined.C)themarketswhereinterestratesaredetermined.D)themarketswhereallborrowersgettheirfunds.Answer:
CQuesStatus:
Revised
8)Thepricepaidfortherentalofborrowedfunds(usuallyexpressedasapercentageofthe
rentalof$100peryear)iscommonlyreferredtoastheA)inflationrate.B)exchangerate.C)interestrate.D)aggregatepricelevel.
Answer:
CQuesStatus:
PreviousEdition
9)Comparedtointerestratesonlong-termU.S.governmentbonds,interestrateson
three-monthTreasurybillsfluctuate________andare________onaverage.A)more;lowerB)less;lowerC)more;higherD)less;higher
Answer:
AQuesStatus:
PreviousEdition
10)TheinterestrateonBaa(mediumquality)corporatebondsis________,onaverage,thanother
interestrates,andthespreadbetweenitandotherratesbecame________inthe1970s.A)lower;smallerB)lower;largerC)higher;smallerD)higher;larger
Answer:
DQuesStatus:
PreviousEdition
11)Everythingelseheldconstant,adeclineininterestrateswillcausespendingonhousingtoA)fall.
B)remainunchanged.
C)eitherrise,fall,orremainthesame.D)rise.
Answer:
DQuesStatus:
Revised
12)Anincreaseininterestratesmight________savingbecausemorecanbeearnedininterestincome.A)encourageB)discourageC)disallowD)invalidate
Answer:
AQuesStatus:
New
13)Everythingelseheldconstant,anincreaseininterestratesonstudentloans
A)increasesthecostofacollegeeducation.B)reducesthecostofacollegeeducation.C)hasnoeffectoneducationalcosts.D)increasescostsforstudentswithnoloans.Answer:
AQuesStatus:
Revised
14)Highinterestratesmightcauseacorporationto________buildinganewplantthatwouldprovidemorejobs.A)completeB)consider
C)postponeD)contemplate
Answer:
CQuesStatus:
New
15)ThestockmarketisimportantbecauseitisA)whereinterestratesaredetermined.
B)themostwidelyfollowedfinancialmarketintheUnitedStates.C)whereforeignexchangeratesaredetermined.D)themarketwheremostborrowersgettheirfunds.Answer:
BQuesStatus:
Revised
16)Stockpricessincethe1950shavebeen
A)relativelystabletrendingupwardatasteadypace.B)relativelystabletrendingdownwardatamoderaterate.C)extremelyvolatile.
D)unstabletrendingdownwardatamoderaterate.Answer:
CQuesStatus:
PreviousEdition
17)ArisingstockmarketindexduetohighersharepricesA)increasespeople?
swealth,butisunlikelytoincreasetheirwillingnesstospend.B)increasespeople?
swealthandasaresultmayincreasetheirwillingnesstospend.C)decreasestheamountoffundsthatbusinessfirmscanraisebysellingnewly-issuedstock.D)decreasespeople?
swealth,butisunlikelytoincreasetheirwillingnesstospend.Answer:
BQuesStatus:
Revised18)WhenstockpricesfallA)anindividual?
swealthisnotaffectednoristheirwillingnesstospend.
B)abusinessfirmwillbemorelikelytosellstocktofinanceinvestmentspending.C)anindividual?
swealthmaydecreasebuttheirwillingnesstospendisnotaffected.D)anindividual?
swealthmaydecreaseandtheirwillingnesstospendmaydecrease.Answer:
DQuesStatus:
New19)Changesinstockprices
A)donotaffectpeople?
swealthandtheirwillingnesstospendB)affectfirms
?
decisionstosellstocktofinanceinvestmentspending.C)occurinregularpatterns.
D)areunimportanttodecisionmakers.Answer:
BQuesStatus:
Revised
20)Anincreaseinstockprices________thesizeofpeople?
swealthandmay________their
willingnesstospend,everythingelseheldconstant.A)increases;increaseB)increases;decreaseC)decreases;increaseD)decreases;decrease
Answer:
AQuesStatus:
New
21)Fearofamajorrecessioncausesstockpricestofall,everythingelseheldconstant,whichinturncausesconsumerspendingtoA)increase.
B)remainunchanged.C)decrease.
D)cannotbedetermined.Answer:
CQuesStatus:
Revised
22)Acommonstockisaclaimonacorporation?
sA)debt.B)liabilities.C)expenses.
D)earningsandassets.Answer:
DQuesStatus:
Revised
23)On________,October19,1987,themarketexperienceditsworstone-daydropinitsentire
historywiththeDIJAfallingbymorethan500points.A)?
TerribleTuesday?
B)?
WoefulWednesday?
C)?
FreakyFriday?
D)?
BlackMonday?
Answer:
DQuesStatus:
New
24)Thedeclineinstockpricesfrom2000through2002A)increasedindividuals?
willingnesstospend.B)hadnoeffectonindividualspending.C)reducedindividuals?
willingnesstospend.D)increasedindividualwealth.Answer:
CQuesStatus:
Revised
25)TheDowreachedapeakofover11,000beforethecollapseofthe________bubblein2000.A)housing
B)manufacturingC)high-techD)banking
Answer:
CQuesStatus:
New
26)Thepriceofonecountry?
scurrencyintermsofanothercountry?
scurrencyiscalledtheA)exchangerate.B)interestrate.
C)DowJonesindustrialaverage.D)primerate.
Answer:
AQuesStatus:
Revised
27)Themarketwhereonecurrencyisconvertedintoanothercurrencyiscalledthe________market.A)stockB)bondC)derivativesD)foreignexchangeAnswer:
DQuesStatus:
New
28)Everythingelseconstant,astrongerdollarwillmeanthat
A)vacationinginEnglandbecomesmoreexpensive.B)vacationinginEnglandbecomeslessexpensive.C)Frenchcheesebecomesmoreexpensive.D)Japanesecarsbecomemoreexpensive.Answer:
BQuesStatus:
PreviousEdition
29)Whichofthefollowingismostlikelytoresultfromastrongerdollar?
A)U.S.goodsexportedaboardwillcostlessinforeigncountries,andsoforeignerswillbuymoreofthem.
B)U.S.goodsexportedaboardwillcostmoreinforeigncountriesandsoforeignerswillbuymoreofthem.
C)U.S.goodsexportedabroadwillcostmoreinforeigncountries,andsoforeignerswillbuyfewerofthem.
D)Americanswillpurchasefewerforeigngoods.Answer:
CQuesStatus:
PreviousEdition
30)Everythingelseheldconstant,aweakerdollarwilllikelyhurtA)textileexportersinSouthCarolina.
B)wheatfarmersinMontanathatselldomestically.
C)automobilemanufacturersinMichiganthatusedomesticallyproducedinputs.
D)furnitureimportersinCalifornia.Answer:
DQuesStatus:
Revised
31)Everythingelseheldconstant,astrongerdollarbenefits________andhurts________.
A)Americanbusinesses;AmericanconsumersB)Americanbusinesses;foreignbusinessesC)Americanconsumers;AmericanbusinessesD)foreignbusinesses;AmericanconsumersAnswer:
CQuesStatus:
StudyGuide
32)From1980toearly1985thedollar________invalue,therebybenefitingAmerican________.A)appreciated;consumersB)appreciated,businessesC)depreciated;consumersD)depreciated,businesses
Answer:
AQuesStatus:
PreviousEdition
33)From1980to1985thedollarappreciatedrelativetotheBritishpound.Holdingeverythingelse
constant,onewouldexpectthat,whencomparedto1980,A)fewerBritonstraveledtotheUnitedStatesin1985.B)BritonsimportedmorewinefromCaliforniain1985.C)AmericansexportedmorewheattoEnglandin1985.D)moreBritonstraveledtotheUnitedStatesin1985.Answer:
AQuesStatus:
PreviousEdition
34)Whenin1985aBritishpoundcostapproximately$1.30,aShetlandsweaterthatcost100
Britishpoundswouldhavecost$130.Withaweakerdollar,thesameShetlandsweaterwouldhavecostA)lessthan$130.
B)morethan$130.
C)$130,sincetheexchangeratedoesnotaffectthepricesthatAmericanconsumerspayforforeigngoods.
D)$130,sincethedemandforShetlandsweaterswilldecreasetopreventanincreaseinpriceduetothestrongerdollar.Answer:
BQuesStatus:
PreviousEdition
35)Everythingelseheldconstant,adecreaseinthevalueofthedollarrelativetoallforeign
currenciesmeansthatthepriceofforeigngoodspurchasedbyAmericansA)increasesB)decreases.C)remainsunchanged.
D)eitherincreases,decreases,orremainsunchanged.Answer:
AQuesStatus:
Revised
36)AmericanfarmerswhosellbeeftoEuropebenefitmostfromA)adecreaseinthedollarpriceofeuros.B)anincreaseinthedollarpriceofeuros.C)aconstantdollarpriceforeuros.
D)aEuropeanbanonimportsofAmericanbeef.Answer:
BQuesStatus:
Revised
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