《貨幣銀行學(xué) 題庫(kù).doc》由會(huì)員分享，可在線閱讀，更多相關(guān)《貨幣銀行學(xué) 題庫(kù).doc（25頁珍藏版）》請(qǐng)?jiān)谘b配圖網(wǎng)上搜索。

1、Chapter 1Why Study Money, Banking, and Financial Markets?25 Chapter 1 Why Study Money, Banking, and Financial Markets? nMultiple Choice 1) Financial markets and institutions (a) involve the movement of huge flows of money. (b) affect the profits of businesses. (c) affect the types of goods an

2、d services produced in an economy. (d) do each of the above. (e) do only (a) and (b) of the above. Answer: D Question Status: Previous Edition 2) Financial markets and institutions (a) involve the movement of huge flows of money. (b) affect the location of businesses. (c) affect the types o

3、f goods and services produced in an economy. (d) do each of the above. (e) do only (a) and (c) of the above. Answer: E Question Status: Previous Edition 3) Money, financial institutions, and financial markets in the United States can have a major impact on (a) economic well being of other coun

4、tries besides the United States. (b) the kinds of goods and services that are produced. (c) the outcome of political elections. (d) all of the above. (e) only (a) and (b) of the above. Answer: D Question Status: Previous Edition 4) Markets in which funds are transferred from those who have ex

5、cess funds available to those who have a shortage of available funds are called (a) commodity markets. (b) fund-available markets. (c) derivative exchange markets. (d) financial markets. Answer: D Question Status: Previous Edition 5) Channeling funds from individuals with surplus funds to tho

6、se desiring funds when the saver does not purchase the borrower’s security is known as (a) barter. (b) redistribution. (c) theft. (d) taxation. (e) financial intermediation. Answer: E Question Status: Study Guide 6) Financial markets promote economic efficiency by (a) channeling funds from

7、investors to savers. (b) creating inflation. (c) causing recessions. (d) channeling funds from savers to investors. (e) reducing investment. Answer: D Question Status: New 7) Well-functioning financial markets promote (a) inflation. (b) deflation. (c) unemployment. (d) growth. (e) none o

8、f the above. Answer: D Question Status: New 8) Poorly performing financial markets can be the cause of (a) wealth. (b) poverty. (c) financial stability. (d) all of the above. (e) none of the above. Answer: B Question Status: New 9) The bond markets are important because (a) they are easi

9、ly the most widely followed financial markets in the United States. (b) they are the markets where foreign exchange rates are determined. (c) they are the markets where interest rates are determined. (d) of each of the above. (e) of only (a) and (b) of the above. Answer: C Question Status: Pre

10、vious Edition 10) The bond markets are important because (a) they are the markets where interest rates are determined. (b) they are the markets where most borrowers get their funds. (c) they are easily the most widely followed financial markets in the United States. (d) of each of the above. (

11、e) of only (a) and (b) of the above. Answer: A Question Status: Previous Edition 11) The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental of $100 per year) is commonly referred to as the (a) inflation rate. (b) exchange rate. (c) interest rate. (d)

12、aggregate price level. Answer: C Question Status: Previous Edition 12) Compared to interest rates on long-term U.S. government bonds, interest rates on _____ fluctuate more and are lower on average. (a) medium-quality corporate bonds (b) low-quality corporate bonds (c) high-quality corporate b

13、onds (d) three-month Treasury bills (e) none of the above Answer: D Question Status: Previous Edition 13) Compared to interest rates on long-term U.S. government bonds, interest rates on three-month Treasury bills fluctuate _____ and are _____ on average. (a) more; lower (b) less; lower (c)

14、more; higher (d) less; higher Answer: A Question Status: Previous Edition 14) The interest rate on Baa (medium quality) corporate bonds is _____, on average, than other interest rates, and the spread between it and other rates became _____ in the 1970s. (a) lower; smaller (b) lower; larger (

15、c) higher; smaller (d) higher; larger Answer: D Question Status: Previous Edition 15) A decline in interest rates will cause spending on housing to (a) fall. (b) remain unchanged. (c) cannot be determined. (d) rise. (e) none of the above. Answer: D Question Status: Study Guide 16) An inc

16、rease in interest rates on student loans (a) increases the cost of a college education. (b) reduces the cost of a college education. (c) has no effect on educational costs. (d) increases costs for students with no loans. (e) none of the above. Answer: A Question Status: New 17) Interest rate

17、s affect (a) individuals. (b) businesses. (c) the overall economy. (d) all of the above. (e) only (b) and (c) of the above. Answer: D Question Status: New 18) Stock prices boomed in the 1980s until “Black Monday” in _____ , when the DJIA fell by more than 500 points, a 22 percent decline. (

18、a) 1985 (b) 1986 (c) 1987 (d) 1988 Answer: C Question Status: Previous Edition 19) The stock market is important because (a) it is where interest rates are determined. (b) it is the most widely followed financial market in the United States. (c) it is where foreign exchange rates are deter

19、mined. (d) all of the above. Answer: B Question Status: Previous Edition 20) Stock prices since the 1950s have been (a) relatively stable trending upward at a steady pace. (b) relatively stable trending downward at a moderate rate. (c) extremely volatile. (d) unstable trending downward at a

20、moderate rate. Answer: C Question Status: Previous Edition 21) A rising stock market index due to higher share prices (a) increases people’s wealth, but is unlikely to increase their willingness to spend. (b) increases people’s wealth and as a result may increase their willingness to spend. (c

21、) increases the amount of funds that business firms can raise by selling newly-issued stock. (d) both (b) and (c) of the above. Answer: D Question Status: Previous Edition 22) A rising stock market index due to higher share prices (a) increases people’s wealth and as a result may increase their

22、 willingness to spend. (b) increases the amount of funds that business firms can raise by selling newly-issued stock. (c) decreases the amount of funds that business firms can raise by selling newly-issued stock. (d) both (a) and (b) of the above. Answer: D Question Status: Previous Edition 23

23、) A rising stock market index due to higher share prices (a) increases people’s wealth, but is unlikely to increase their willingness to spend. (b) increases people’s wealth and as a result may increase their willingness to spend. (c) decreases the amount of funds that business firms can raise by

24、 selling newly-issued stock. (d) both (a) and (c) of the above. (e) both (b) and (c) of the above. Answer: B Question Status: Previous Edition 24) A declining stock market index due to lower share prices (a) reduces people’s wealth and as a result may reduce their willingness to spend. (b) in

25、creases people’s wealth and as a result may increase their willingness to spend. (c) increases the amount of funds that business firms can raise by selling newly-issued stock. (d) both (a) and (c) of the above. (e) both (b) and (c) of the above. Answer: A Question Status: Previous Edition 25)

26、A declining stock market index due to lower share prices (a) reduces people’s wealth and as a result may reduce their willingness to spend. (b) increases people’s wealth and as a result may increase their willingness to spend. (c) decreases the amount of funds that business firms can raise by sel

27、ling newly-issued stock. (d) both (a) and (c) of the above. (e) both (b) and (c) of the above. Answer: D Question Status: Previous Edition 26) Changes in stock prices (a) affect people’s wealth and their willingness to spend (b) affect firms’ decisions to sell stock to finance investment spen

28、ding. (c) are characterized by considerable fluctuations. (d) all of the above. (e) only (a) and (b) of the above. Answer: D Question Status: Previous Edition 27) Fear of a major recession causes stock prices to fall, which in turn causes consumer spending to (a) increase. (b) remain unchang

29、ed. (c) decrease. (d) cannot be determined. (e) none of the above. Answer: C Question Status: Study Guide 28) A common stock is a claim on a corporation’s (a) debt. (b) liabilities. (c) expenses. (d) employees. (e) earnings and assets. Answer: E Question Status: New 29) The decline in

30、stock prices from 2000 through 2002 (a) increased individuals’ willingness to spend. (b) had no effect on individual spending. (c) reduced individual’s willingness to spend. (d) increased individual wealth. (e) both (a) and (d) are correct. Answer: C Question Status: New 30) The price of one

31、 country’s currency in terms of another’s is called (a) the exchange rate. (b) the interest rate. (c) the Dow Jones industrial average. (d) none of the above. Answer: A Question Status: Previous Edition 31) Everything else constant, a stronger dollar will mean that (a) vacationing in England

32、 becomes more expensive. (b) vacationing in England becomes less expensive. (c) French cheese becomes more expensive. (d) Japanese cars become more expensive. Answer: B Question Status: Previous Edition 32) All else constant, as the dollar becomes stronger, (a) Americans will purchase fewer f

33、oreign goods. (b) U.S. goods exported abroad will cost less in foreign countries, and so foreigners will buy more of them. (c) the U.S. is unquestionably made better off. (d) none of the above. Answer: D Question Status: Previous Edition 33) Which of the following is most likely to result from

34、 a stronger dollar? (a) U.S. goods exported aboard will cost less in foreign countries, and so foreigners will buy more of them. (b) U.S. goods exported aboard will cost more in foreign countries and so foreigners will buy more of them. (c) U.S. goods exported abroad will cost more in foreign cou

35、ntries, and so foreigners will buy fewer of them. (d) Americans will purchase fewer foreign goods. Answer: C Question Status: Previous Edition 34) A change in the exchange rate has a direct effect on Americans because it affects (a) the price of foreign goods to American consumers. (b) the pri

36、ce of American goods to foreign consumers. (c) the price Americans will pay to travel abroad. (d) the price foreigners will pay to travel to the U.S. (e) all of the above. Answer: E Question Status: Previous Edition 35) A stronger dollar will likely hurt (a) textile producers in South Carolin

37、a. (b) wheat farmers in Montana. (c) automobile manufacturers in Michigan. (d) all of the above since their exports will decline. (e) none of the above since their exports will increase. Answer: D Question Status: Previous Edition 36) A weaker dollar will likely hurt (a) textile producers in

38、 South Carolina. (b) wheat farmers in Montana. (c) automobile manufacturers in Michigan. (d) all of the above since their exports will decline. (e) none of the above since their exports will increase. Answer: E Question Status: Previous Edition 37) A stronger dollar benefits _____ and hurts _

39、____. (a) American businesses; American consumers (b) American businesses; foreign businesses (c) American consumers; American businesses (d) foreign businesses; American consumers Answer: C Question Status: Previous Edition 38) A weaker dollar benefits _____ and hurts _____. (a) American bu

40、sinesses; American consumers (b) American businesses; foreign consumers (c) American consumers; American businesses (d) foreign businesses; American consumers Answer: A Question Status: Previous Edition 39) From 1980 to early 1985 the dollar appreciated in value, thereby benefiting _____ and h

41、arming _____. (a) American businesses; American consumers (b) American businesses; foreign businesses (c) American consumers; American businesses (d) foreign businesses; American consumers Answer: C Question Status: Previous Edition 40) From 1980 to early 1985 the dollar _____ in value, there

42、by benefiting American _____. (a) appreciated; consumers (b) appreciated, businesses (c) depreciated; consumers (d) depreciated, businesses Answer: A Question Status: Previous Edition 41) From 1980 to 1985 the dollar appreciated relative to the British pound. Holding everything else constant,

43、 one would expect that, when compared to 1980, (a) more Americans traveled to England in 1985. (b) Americans imported more Shetland sweaters from England in 1985. (c) Britons imported more wine from California in 1985. (d) all of the above. (e) only (a) and (b) of the above. Answer: E Questio

44、n Status: Previous Edition 42) From 1980 to 1985 the dollar appreciated relative to the British pound. Holding everything else constant, one would expect that, when compared to 1980, (a) more Britons traveled to the United States in 1985. (b) Britons imported more wine from California in 1985. (

45、c) Americans imported more Shetland sweaters from England in 1985. (d) only (a) and (b) of the above. Answer: C Question Status: Previous Edition 43) From 1980 to 1985 the dollar appreciated relative to the British pound. Holding everything else constant, one would expect that, when compared to

46、1980, (a) more Britons traveled to the United States in 1985. (b) Britons imported more wine from California in 1985. (c) Americans exported more wheat to England in 1985. (d) all of the above. (e) none of the above. Answer: E Question Status: Previous Edition 44) From 1980 to 1985 the dolla

47、r appreciated relative to the British pound. Holding everything else constant, one would expect that, when compared to 1980, (a) fewer Britons traveled to the United States in 1985. (b) Britons imported more wine from California in 1985. (c) Americans exported more wheat to England in 1985. (d)

48、more Britons traveled to the United States in 1985. Answer: A Question Status: Previous Edition 45) When in 1980 a British pound cost approximately $2.40, a Shetland sweater that cost 50 British pounds would have cost $120. With a stronger dollar, the same Shetland sweater would have cost (a) le

49、ss than $120. (b) more than $120. (c) $120, since the exchange rate does not affect the prices that American consumers pay for foreign goods. (d) $120, since the demand for Shetland sweaters will decrease to prevent an increase in price due to the stronger dollar. Answer: A Question Status: Pre

50、vious Edition 46) When in 1985 a British pound cost approximately $1.30, a Shetland sweater that cost 100 British pounds would have cost $130. With a weaker dollar, the same Shetland sweater would have cost (a) less than $130. (b) more than $130. (c) $130, since the exchange rate does not affect

51、 the prices that American consumers pay for foreign goods. (d) $130, since the demand for Shetland sweaters will decrease to prevent an increase in price due to the stronger dollar. Answer: B Question Status: Previous Edition 47) In 1980 a Shetland sweater would have cost $120. With a stronger d

52、ollar, the same Shetland sweater would have cost (a) less than $120. (b) more than $120. (c) $120, since the exchange rate does not affect the prices that American consumers pay for foreign goods. (d) $120, since the demand for Shetland sweaters will decrease to prevent an increase in price due

53、to the stronger dollar. Answer: A Question Status: Previous Edition 48) In 1985 a Shetland sweater would have cost $130. With a weaker dollar, the same Shetland sweater would have cost (a) less than $130. (b) more than $130. (c) $130, since the exchange rate does not affect the prices that Ame

54、rican consumers pay for foreign goods. (d) $130, since the demand for Shetland sweaters will decrease to prevent an increase in price due to the stronger dollar. Answer: B Question Status: Previous Edition 49) A decrease in the value of the dollar relative to all foreign currencies means that th

55、e price of foreign goods purchased by Americans (a) increases. (b) decreases. (c) remains unchanged. (d) unable to determine. (e) none of the above. Answer: A Question Status: Study Guide 50) If the price of a euro (the European currency) increases from $1.00 to $1.10, then (a) a European v

56、acation becomes less expensive. (b) a European vacation becomes more expensive. (c) the cost of a European vacation is not affected. (d) foreign travel becomes impossible. (e) none of the above. Answer: B Question Status: New 51) Americans who love French wine benefit most from (a) a decreas

57、e in the dollar price of euros. (b) an increase in the dollar price of euros. (c) a constant dollar price for euros. (d) a ban on imports from Europe. (e) none of the above. Answer: A Question Status: New 52) American farmers who sell beef to Europe benefit most from (a) a decrease in the do

58、llar price of euros. (b) an increase in the dollar price of euros. (c) a constant dollar price for euros. (d) a European ban on imports of American beef. (e) none of the above. Answer: B Question Status: New 53) Banks are important to the study of money and the economy because they (a) provi

59、de a channel for linking those who want to save with those who want to invest. (b) have been a source of rapid financial innovation that is expanding the alternatives available to those wanting to invest their money. (c) hold a large proportion of individuals’ wealth. (d) do each of the above. (

60、e) do only (a) and (b) of the above. Answer: D Question Status: Revised 54) Banks are important to the study of money and the economy because they (a) provide a channel for linking those who want to save with those who want to invest. (b) have been a source of rapid financial innovation that is

61、 expanding the alternatives available to those wanting to invest their money. (c) are the only important financial institution in the U.S. economy. (d) each of the above. (e) only (a) and (b) of the above. Answer: E Question Status: Revised 55) Economists group commercial banks, savings and lo

62、an associations, credit unions, mutual funds, mutual savings banks, insurance companies, pension funds, and finance companies together under the heading financial intermediaries. Financial intermediaries (a) act as middlemen, borrowing funds from those who have saved and lending these funds to othe

63、rs. (b) produce nothing of value and are therefore a drain on society’s resources. (c) help promote a more efficient and dynamic economy. (d) do each of the above. (e) do only (a) and (c) of the above. Answer: E Question Status: Previous Edition 56) Economists group commercial banks, savings

64、and loan associations, credit unions, mutual funds, mutual savings banks, insurance companies, pension funds, and finance companies together under the heading financial intermediaries. Financial intermediaries (a) act as middlemen, borrowing funds from those who have saved and lending these funds t

65、o others. (b) hold a significant proportion of individuals’ wealth. (c) help promote a more efficient and dynamic economy. (d) do each of the above. (e) do only (a) and (c) of the above. Answer: D Question Status: Revised 57) Banks, savings and loan associations, mutual savings banks, and cre

66、dit unions (a) link those who want to save with these who want to invest. (b) hold a large proportion of individuals’ wealth. (c) have been adept at innovating in response to changes in the regulatory environment. (d) all of the above. (e) only (a) and (c) of the above. Answer: D Question Status: Revised 58) Banks, savings and loan associations, mutual savings banks, and credit unions (a) are no longer important players in financial intermediation. (b) since deregulation now provide se