宏观经济-第29章货币制度(题目+答案+详解)

第29章货币制度1.Whichofthefollowingfunctionsofmoneyisalsoacommonfunctionofmostotherfinancialassets?A.aunitofaccountB.astoreofvalueC.mediumofexchangeD.Noneoftheaboveiscorrect.2.WhichofthefollowingisnotincludedineitherM1orM2?A.U.S.TreasurybillsB.smalltimedepositsC.demanddepositsD.moneymarketmutualfunds3.CreditcardsA.deferpayments.B.areastoreofvalue.C.haveledtowideruseofcurrency.D.arepartofthemoneysupply.4.WhichofthefollowingisincludedinbothM1andM2?A.savingsdepositsB.demanddepositsC.smalltimedepositsD.moneymarketmutualfunds5.ThelegaltenderrequirementmeansthatA.peoplearemorelikelytoacceptthedollarasamediumofexchange.B.thegovernmentmustholdenoughgoldtoredeemallcurrency.C.peoplemaynotmaketradeswithanythingelse.D.Alloftheabovearecorrect.答案：BAABA解析：1B：计价单位（aunitofaccount）：用来表示价格和记录债务的标准交换媒介（mediumofexchange）：购买商品时给卖家的东西价值储藏手段（astoreofvalue）：把现在的购买力转化为未来的购买力的东西，而货币并不是经济中唯一的价值储藏手段，股票、债券等也是价值储藏手段。2A：M1和M2是美国经济中货币存量的两种衡量标准。M1：活期存款（demanddeposit）+旅行支票（traveler’schecks）+其他支票存款（othercheckabledeposits）+通货（currency）M2：M1（活期存款、旅行支票、其他支票、通货）+储蓄存款（savingdeposits）+小额定期存款（smalltimedeposits）+货币市场共同基金（moneymarketmutualfunds）+几种不太重要的项目（afewminorcategories）3A：信用卡（Creditcard）：信用卡并不是一种货币量的衡量指标。信用卡不是一种支付方式，而是一种延期支付方式。（thecreditcardsarenotreallyamethodofpaymentbutadeferringpayment）使用并提高信用卡的普及程度可以减少人们选择持有的货币量。借记卡（Debitcard）:借记卡上的账户余额包括在货币量的衡量中。借记卡更类似于支票而不是像信用卡。（theaccountbalancethatliebehinddebitcardsareincludedinmeasuresofthequantityofmoney.adebitcardismoresimilartoacheckthantoacreditcard）1.Whichofthefollowingentitiesactuallyexecutesopen-marketoperations?a.theBoardofGovernorsb.theNewYorkFederalReserveBankc.theFederalOpenMarketCommitteed.theOpenMarketCommitteesoftheregionalFederalReserveBanks2.Decisionsbypolicymakersconcerningthemoneysupplyconstitutea.monetarypolicy.b.fiscalpolicy.c.bankingpolicy.d.operationspolicy.3.Overonetimehorizonoranother,Fedpolicydecisionsinfluencea.inflationandemployment.b.inflationbutnotemployment.c.employmentbutnotinflation.d.neitherinflationnoremployment.4.Whichofthefollowingisnotcorrect?a.ThetwelveregionalFederalReserveBanksplayaroleinregulatingbanksandensuringthehealthofthebankingsystem.b.U.S.monetarypolicyismadebytheFederalOpenMarketCommittee.c.TheFederalOpenMarketCommitteemeetsevery12weeks.d.Alloftheabovearecorrect.5.IftheFederalOpenMarketCommitteedecidestoincreasethemoneysupply,thentheFederalReservea.createsdollarsandusesthemtopurchasegovernmentbondsfromthepublic.b.sellsgovernmentbondsfromitsportfoliotothepublic.c.createsdollarsandusesthemtopurchasevarioustypesofstocksandbondsfromthepublic.d.sellsvarioustypesofstocksandbondsfromitsportfoliotothepublic.6.TheFederalReservedoesallexceptwhichofthefollowing?a.Itcontrolsthesupplyofmoney.b.Itactsasalenderoflastresorttobanks.c.Itmakesloanstolargebusinessfirms.d.Ittriestoensurethehealthofthebankingsystem.答案：BABCAC解析1B：公开市场委员会由美联储的7位理事和12个地银行总裁中的5位组成。其中纽约联邦储蓄银行的总裁总是拥有投票权，因为纽约是美国经济传统的金融中心，并且美联储的所有政府债券的买卖都在纽约联邦储备银行的交易柜台进行。4C：决策者关于货币供给的决策构成货币政策。在美联储，货币政策是由联邦公开市场委员会制定的，联邦公开市场委员会每6周在华盛顿特区开一次会6C：联邦储备一方面要管制银行并确保银行体系的正常运行；另一方面，是银行的银行。1.Supposeabankhasa10percentreserveratio,$5,000indeposits,anditloansoutallitcangiventhereserveratio.a.Ithas$50inreservesand$4,950inloans.b.Ithas$500inreservesand$4,500inloans.c.Ithas$555inreservesand$4,445inloans.d.Noneoftheaboveiscorrect.2.Ifthereserveratiois5percentandabankreceivesanewdepositof$500,thisbanka.mustincreaseitsrequiredreservesby$25.b.willinitiallyseeitstotalreservesincreaseby$500.c.willbeabletomakeanewloanof$475.d.Alloftheabovearetrue.3.Whenabankloansout$100,themoneysupplya.doesnotchange.b.increases.c.decreases.d.maydoanyoftheabove.4.Anopenmarketsalea.increasesthemoneysupply.b.doesn'tchangethemoneysupply.c.decreasesthemoneysupply.d.hasanindeterminateeffectonthemoneysupply.5.If$1,000isdepositedintotheFirstBankofErehwon,a.liabilitieswilldecreaseby$1,000.b.assetswillincreaseby$1,000.c.totalreserveswillinitiallyincreaseby$200.d.requiredreserveswillincreaseby$800.6.Ifthereserveratiois12.5percent,then$5,600ofmoneycanbegeneratedbyA.$64ofnewreserves.B.$448ofnewreserves.C.$700ofnewreserves.D.$800ofnewreserves.7.Underafractional-reservebankingsystem,banksa.holdmorereservesthandeposits.b.generallylendoutamajorityofthefundsdeposited.c.causethemoneysupplytofallbylendingoutreserves.d.Alloftheabovearecorrect.8.Whenabankloansout$1,000,themoneysupplya.doesnotchange.b.decreases.c.increases.d.maydoanyoftheabove.9.Ifthereserveratioforallbanksis12.5percent,then$2,000ofadditionalreservescancreateuptoa.$8,000ofnewmoney.b.$16,000ofnewmoney.c.$32,000ofnewmoney.d.Noneoftheaboveiscorrect.答案：BDBCBCBCB解析：6C：货币供给=货币乘数*总准备金=（1/准备金率）*总准备金总准备金=货币供给*准备金率1.IftheFedwantedtoincreasethemoneysupply,itwouldmakeopenmarketa.purchasesorlowerthediscountrate.b.salesorlowerthediscountrate.c.purchasesorraisethediscountrate.d.salesorraisethediscountrate.2.Whichofthefollowingisnotatoolofmonetarypolicy?a.openmarketoperationsb.reserverequirementsc.changingthediscountrated.increasingthegovernmentbudgetdeficit3.Thediscountrateistheinterestratethata.bankschargeoneanotherforloans.b.banksch