货币银行学题目答案

Tutorial2Dueon28th,Nov,2016PartI:Choosethebestanswer1)FinancialmarketspromoteeconomicefficiencybyA)channelingfundsfrominvestorstosavers.B)creatinginflation.C)channelingfundsfromsaverstoinvestors.D)reducinginvestment.2)Acommonstockisaclaimonacorporation'sA)debtB)liabilitiesC)expensesD)earningsandassets3)CountriesthatexperienceveryhighratesofinflationhaveA)balancedbudgets.B)rapidlygrowingmoneysupplies.C)fallingmoneysupplies.D)constantmoneysupplies.4)AnimportantfinancialinstitutionthatassistsintheinitialsaleofsecuritiesintheprimarymarketistheA)investmentbank.B)commercialbank.C)stockexchange.D)brokeragehouse.5)Whichofthefollowingcanbedescribedasinvolvingindirectfinance?A)Youmakealoantoyourneighbor.B)Youbuysharesinamutualfund.C)YoubuyaU.S.TreasurybillfromtheU.S.Treasury.D)Acorporationbuysashort-termsecurityissuedbyanothercorporationintheprimarymarket.6)Whichofthefollowingcanbedescribedasdirectfinance?A)Youtakeoutamortgagefromyourlocalbank.B)Youborrow$2500fromafriend.C)Youbuysharesofcommonstockinthesecondarymarket.D)Youbuysharesinamutualfund.7)Youcanborrow$5000tofinanceanewbusinessventure.Thisnewventurewillgenerateannualearningsof$251.ThemaximuminterestratethatyouwouldpayontheborrowedfundsandstillincreaseyourincomeisA)25%.B)12.5%.C)10%D)5%8)With________finance,borrowersobtainfundsfromlendersbysellingthemsecuritiesinthefinancialmarkets.A)activeB)determinedC)indirectD)direct9)Whichofthefollowingstatementsaboutthecharacteristicsofdebtandequityisfalse?A)Theycanbothbelong-termfinancialinstruments.B)Theycanbothbeshort-termfinancialinstruments.C)Theybothinvolveaclaimontheissuer'sincomeD)Theybothenableacorporationtoraisefunds10)SecondarymarketsmakefinancialinstrumentsmoreA)solid.B)vapid.C)liquid.D)risky11)Thehigherasecurity'spriceinthesecondarymarketthe_________fundsafirmcanraisebysellingsecuritiesinthe_________market.A)more;primaryB)more;secondaryC)less;primaryD)less;secondary12)AnimportantfinancialinstitutionthatassistsintheinitialsaleofsecuritiesintheprimarymarketistheA)investmentbank.B)commercialbank.C)stockexchange.D)brokeragehouse13)Equityholdersareacorporation's________.Thatmeansthecorporationmustpayallofitsdebtholdersbeforeitpaysitsequityholders.A)debtorsB)brokersC)residualclaimantsD)underwriters14)Whichofthefollowingstatementsusestheeconomists'definitionofmoney?A)Iplantoearnalotofmoneyoverthesummer.B)Betsyisrich，shehasalotofmoney.C)IhopethatIhaveenoughmoneytobuymylunchtoday.D)ThejobwithNewCompanygavemetheopportunitytoearnmoremoney.15)Whencomparedtoexchangesystemsthatrelyonmoney,disadvantagesofthebartersysteminclude:A)therequirementofadoublecoincidenceofwants.B)loweringthecostofexchanginggoodsovertime.C)loweringthecostofexchangetothosewhowouldspecialize.D)encouragingspecializationandthedivisionoflabor16)Whenmoneypricesareusedtofacilitatecomparisonsofvalue,moneyissaidtofunctionasaA)unitofaccount.B)mediumofexchange.C)storeofvalue.D)payments-systemruler17)Patrickplaceshispocketchangeintohissavingsbankonhisdeskeachevening.Byhisactions,Patrickindicatesthathebelievesthatmoneyhasa________function.A)mediumofexchangeB)unitofaccountC)storeofvalueD)specialization18)Peopleholdmoneyevenduringinflationaryepisodeswhenotherassetsprovetobebetterstoresofvalue.ThiscanbeexplainedbythefactthatmoneyisA)extremelyliquid.B)auniquegoodforwhichtherearenosubstitutes.C)theonlythingacceptedineconomicexchange.D)backedbygold19)InexplainingtheevolutionofmoneyA)governmentregulationisthemostimportantfactor.B)commoditymoney,becauseitisvaluedmorehighly,tendstodriveoutpapermoney.C)newformsofmoneyevolvetolowertransactioncosts.D)papermoneyisalwaysbackedbygoldandthereforemoredesirablethanchecks.20)Duringthepasttwodecadesanimportantcharacteristicofthemodernpaymentssystemhasbeentherapidlyincreasinguseof___A)checksanddecreasinguseofcurrency.B)electronicfundtransfers.C)commoditymonies.D)fiatmoney21)Whichofthefollowingisnotvirtualmoney?A)Qcoin(QQ)B)bitcoinC)LitecoinD)e-cash22)IfanindividualmovesmoneyfromademanddepositaccounttoamoneymarketdepositaccountA)M1decreasesandM2staysthesame.B)M1staysthesameandM2increases.C)M1staysthesameandM2staysthesame.D)M1increaseandM2decrease23)Ifasecuritypays$110nextyearand$121theyearafterthat,whatisitsyieldtomaturityifitsellsfor$200?A)percent:B)10percentC)11percentD)12percent24)Whichofthefollowingbondswouldyouprefertobebuying?A)A$10,000face-valuesecuritywitha10percentcouponsellingfor$9,000B)A$10,000face-valuesecuritywitha7percentcouponsellingfor$10,000C)A$10,000face-valuesecuritywitha9percentcouponsellingfor$11,000D)A$10,000face-valuesecuritywitha10percentcouponsellingfor$10,00025)Adiscountbondsellingfor$15,000withafacevalueof$20,000inoneyearhasayieldtomaturityofA)3percent.B)20percent.C)25percent.D)33.3percent.26)Supposeyouareholdinga5percentcouponbondmaturinginoneyearwithayieldtomaturityof15percent.Iftheinterestrateonone-yearbondsrisesfrom15percentto20percentoverthecourseoftheyear,whatistheyearlyreturnonthebondyouareholding?A)5percentB)10percentC)15percentD)20percent27)Pricesandreturnsfor________bondsaremorevolatilethanthosefo