MishkinTBch14米什金货币金融学题库.docx

MishkinTBch14米什金货币金融学题库.docx

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MishkinTBch14米什金货币金融学题库

TheEconomicsofMoney,Banking,andFinancialMarkets,9e（Mishkin）

Chapter14TheMoneySupplyProcess

14.1ThreePlayersintheMoneySupplyProcess

1）ThegovernmentagencythatoverseesthebankingsystemandisresponsiblefortheconductofmonetarypolicyintheUnitedStatesis

A）theFederalReserveSystem.

B）theUnitedStatesTreasury.

C）theU.S.GoldCommission.

D）theHouseofRepresentatives.

Answer:

A

QuesStatus:

PreviousEdition

2）Individualsthatlendfundstoabankbyopeningacheckingaccountarecalled

A）policyholders.

B）partners.

C）depositors.

D）debtholders.

Answer:

C

QuesStatus:

PreviousEdition

3）Thethreeplayersinthemoneysupplyprocessinclude

A）banks,depositors,andtheU.S.Treasury.

B）banks,depositors,andborrowers.

C）banks,depositors,andthecentralbank.

D）banks,borrowers,andthecentralbank.

Answer:

C

QuesStatus:

Revised

4）Ofthethreeplayersinthemoneysupplyprocess,mostobserversagreethatthemostimportantplayeris

A）theUnitedStatesTreasury.

B）theFederalReserveSystem.

C）theFDIC.

D）theOfficeofThriftSupervision.

Answer:

B

QuesStatus:

Revised

14.2TheFed'sBalanceSheet

1）Both________and________areFederalReserveassets.

A）currencyincirculation;reserves

B）currencyincirculation;governmentsecurities

C）governmentsecurities;discountloans

D）governmentsecurities;reserves

Answer:

C

QuesStatus:

PreviousEdition

2）ThemonetaryliabilitiesoftheFederalReserveinclude

A）governmentsecuritiesanddiscountloans.

B）currencyincirculationandreserves.

C）governmentsecuritiesandreserves.

D）currencyincirculationanddiscountloans.

Answer:

B

QuesStatus:

PreviousEdition

3）Both________and________aremonetaryliabilitiesoftheFed.

A）governmentsecurities;discountloans

B）currencyincirculation;reserves

C）governmentsecurities;reserves

D）currencyincirculation;discountloans

Answer:

B

QuesStatus:

PreviousEdition

4）ThesumoftheFed'smonetaryliabilitiesandtheU.S.Treasury'smonetaryliabilitiesiscalled

A）themoneysupply.

B）currencyincirculation.

C）bankreserves.

D）themonetarybase.

Answer:

D

QuesStatus:

PreviousEdition

5）Themonetarybaseconsistsof

A）currencyincirculationandFederalReservenotes.

B）currencyincirculationandtheU.S.Treasury'smonetaryliabilities.

C）currencyincirculationandreserves.

D）reservesandFederalReserveNotes.

Answer:

C

QuesStatus:

PreviousEdition

6）TotalreservesminusbankdepositswiththeFedequals

A）vaultcash.

B）excessreserves.

C）requiredreserves.

D）currencyincirculation.

Answer:

A

QuesStatus:

PreviousEdition

7）Reservesareequaltothesumof

A）requiredreservesandexcessreserves.

B）requiredreservesandvaultcashreserves.

C）excessreservesandvaultcashreserves.

D）vaultcashreservesandtotalreserves.

Answer:

A

QuesStatus:

PreviousEdition

8）Totalreservesarethesumof________and________.

A）excessreserves;borrowedreserves

B）requiredreserves;currencyincirculation

C）vaultcash;excessreserves

D）excessreserves;requiredreserves

Answer:

D

QuesStatus:

Revised

9）Excessreservesareequalto

A）totalreservesminusdiscountloans.

B）vaultcashplusdepositswithFederalReservebanksminusrequiredreserves.

C）vaultcashminusrequiredreserves.

D）depositswiththeFedminusvaultcashplusrequiredreserves.

Answer:

B

QuesStatus:

PreviousEdition

10）TotalReservesminusvaultcashequals

A）bankdepositswiththeFed.

B）excessreserves.

C）requiredreserves.

D）currencyincirculation.

Answer:

A

QuesStatus:

PreviousEdition

11）Theamountofdepositsthatbanksmustholdinreserveis

A）excessreserves.

B）requiredreserves.

C）totalreserves.

D）vaultcash.

Answer:

B

QuesStatus:

PreviousEdition

12）Thepercentageofdepositsthatbanksmustholdinreserveisthe

A）excessreserveratio.

B）requiredreserveratio.

C）totalreserveratio.

D）currencyratio.

Answer:

B

QuesStatus:

PreviousEdition

13）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,eightmilliondollarsondepositwiththeFederalReserve,andonemilliondollarsinrequiredreserves.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinexcessreserves.

A）three

B）nine

C）ten

D）eleven

Answer:

B

QuesStatus:

PreviousEdition

14）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,eightmilliondollarsondepositwiththeFederalReserve,andonemilliondollarsinrequiredreserves.Giventhisinformation,wecansayFirstNationalBankfacesarequiredreserveratioof________percent.

A）ten

B）twenty

C）eighty

D）ninety

Answer:

A

QuesStatus:

PreviousEdition

15）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,eightmilliondollarsondepositwiththeFederalReserve,andninemilliondollarsinexcessreserves.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinrequiredreserves.

A）one

B）two

C）eight

D）ten

Answer:

A

QuesStatus:

PreviousEdition

16）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,eightmilliondollarsondepositwiththeFederalReserve,andninemilliondollarsinexcessreserves.Giventhisinformation,wecansayFirstNationalBankfacesarequiredreserveratioof________percent.

A）ten

B）twenty

C）eighty

D）ninety

Answer:

A

QuesStatus:

PreviousEdition

17）Supposethatfromanewcheckabledeposit,FirstNationalBankholdseightmilliondollarsondepositwiththeFederalReserve,onemilliondollarsinrequiredreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinexcessreserves.

A）two

B）eight

C）nine

D）ten

Answer:

C

QuesStatus:

PreviousEdition

18）Supposethatfromanewcheckabledeposit,FirstNationalBankholdseightmilliondollarsondepositwiththeFederalReserve,onemilliondollarsinrequiredreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinvaultcash.

A）two

B）eight

C）nine

D）ten

Answer:

A

QuesStatus:

PreviousEdition

19）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,ninemilliondollarsinexcessreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinrequiredreserves.

A）one

B）two

C）eight

D）ten

Answer:

A

QuesStatus:

PreviousEdition

20）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,ninemilliondollarsinexcessreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsondepositwiththeFederalReserve.

A）one

B）two

C）eight

D）ten

Answer:

C

QuesStatus:

PreviousEdition

21）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,onemilliondollarsinrequiredreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinexcessreserves.

A）one

B）two

C）nine

D）ten

Answer:

C

QuesStatus:

PreviousEdition

22）Supposethatfromanewcheckabledeposit,FirstNationalBankholdstwomilliondollarsinvaultcash,onemilliondollarsinrequiredreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsondepositwiththeFederalReserve.

A）one

B）two

C）eight

D）ten

Answer:

C

QuesStatus:

PreviousEdition

23）Supposethatfromanewcheckabledeposit,FirstNationalBankholdseightmilliondollarsondepositwiththeFederalReserve,ninemilliondollarsinexcessreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinrequiredreserves.

A）one

B）two

C）nine

D）ten

Answer:

A

QuesStatus:

PreviousEdition

24）Supposethatfromanewcheckabledeposit,FirstNationalBankholdseightmilliondollarsondepositwiththeFederalReserve,ninemilliondollarsinexcessreserves,andfacesarequiredreserveratiooftenpercent.Giventhisinformation,wecansayFirstNationalBankhas________milliondollarsinvaultcash.

A）one

B）two

C）nine

D）ten

Answer:

B

QuesStatus:

PreviousEdition

25）TheinterestratetheFedchargesbanksborrowingfromtheFedisthe

A）federalfundsrate.

B）Treasurybillrate.

C）discountrate.

D）primerate.

Answer:

C

QuesStatus:

PreviousEdition

26）WhenbanksborrowmoneyfromtheFederalReserve,thesefundsarecalled

A）federalfunds.

B）discountloans.

C）federalloans.

D）Treasuryfunds.

Answer:

B

QuesStatus:

PreviousEdition

14.3ControloftheMonetaryBase

1）Themonetarybaseminuscurrencyincirculationequals

A）reserves.

B）theborrowedbase.

C）thenonborrowedbase.

D）discountloans.

Answer:

A

QuesStatus:

PreviousEdition

2）Themonetarybaseminusreservesequals

A）currencyincirculation.

B）theborrowedbase.

C）thenonborrowedbase.

D）discountloans.

Answer:

A

QuesStatus:

PreviousEdition

3）High-poweredmoneyminusreservesequals

A）reserves.

B）currencyincirculation.

C）themonetarybase.

D）thenonborrowedbase.

Answer:

B

QuesStatus:

PreviousEdition

4）High-poweredmoneyminuscurrencyincirculationequals

A）reserves.