宏观经济学课件-chapter-04.docx

Macroeconomics6e(B1anchardZJohnson)Chapter4:Financia1Markets4.1 Mu1tip1eChoiceQuestions1) Whichofthefo11owingisacharacteristicofbonds?A) payzeronomina1interestB) canbeusedfortransactionsC) areso1dforapricethatvariesinverse1ywiththeinterestrateD) a11oftheaboveE) noneoftheaboveAnswer:CDiff:12) Whichofthefo11owingisaf1owvariab1e?A) incomeB) moneyC) financia1wea1thD) a11oftheaboveE) noneoftheaboveAnswer:ADiff:13) Whichofthefo11owingisacomponentofmoney?A)bondsB) savingC) incomeD) stocksE) noneoftheaboveAnswer:EDiff:14) Whichofthefo11owingisacomponentofmoney?A) coinshe1dbythenonbankpub1icB) bi11she1dbybanksC) checkab1edepositsD) a11oftheaboveAnswer:DDiff:15) Whichofthefo11owingwi11causeanincreaseintheamountofmoneythatonewishestoho1d?A)anincreaseintheinterestrateincreaseB)areductionintheinterestrateincreaseC)areductioninincomeD)noneoftheaboveAnswer:BDiff:26) Themoneydemandcurvewi11shifttotherightwhenwhichofthefo11owingoccurs?A)anincreaseinincomeB)areductionintheinterestrateC)anincreaseinthemoneysupp1yD)a11oftheaboveE)noneoftheaboveAnswer:ADiff:27) Themoneydemandcurvewi11shifttothe1eftwhenwhichofthefo11owingoccurs?A)areductionintheinterestrate8) anincreaseintheinterestrate9) anopenmarketsa1eofbondsbythecentra1bankD)anincreaseinincomeE)noneoftheaboveAnswer:EDiff:28) Whichofthefo11owingisNOTinc1udedasacomponentoftheM1definitionofmoney?A)bondsB)checkab1edepositsC)coinsandbi11she1dbythenonbankpub1icD)a11oftheaboveE)noneoftheaboveAnswer:ADiff:19) In2006,theaverageU.S.househo1dhe1dapproximate1yhowmuchcurrency(do11arbi11sandcoins)?A)$50B)$100C)$600D)$1600E)noneoftheaboveAnswer:DDiff:210) Whichofthefo11owingcountrieshasadoptedtheU.S.do11arasitsowncurrency?A)EcuadorB)MexicoC)CanadaD)FranceE)Austra1iaAnswer:ADiff:211) Atthecurrentinterestrate,supposethesupp1yofmoneyis1essthanthedemandformoney.Giventhisinformation,weknowthatA) thepriceofbondswi11tendincrease.B) thepriceofbondswi11tendtofa11.C) productionequa1sdemand.D) thegoodsmarketisa1soinequi1ibrium.E) thesupp1yofbondsa1soequa1sthedemandforbonds.Answer:BDiff:212) Theinterestratewi11increaseasaresu1tofwhichofthefo11owingevents?A) anincreaseinincomeB) anopenmarketpurchaseofbondsbythecentra1bankC) areductioninincomeD) a11oftheaboveE) noneoftheaboveAnswer:ADiff:213) Whichofthefo11owingisNOTanassetonabank'sba1ancesheet?A)reservesB)1oansC)checkab1edepositsD)a11oftheaboveE)noneoftheaboveAnswer:CDiff:114) Whichofthefo11owingisa1iabi1ityonabank'sba1ancesheet?A)checkab1edepositsB)reservesC)1oansD)a11oftheaboveE)noneoftheaboveAnswer:ADiff:115) Whichofthefo11owingisa1iabi1ityforthecentra1bank?A)currencyB) bondsC) savingsaccountsD) 1oansE) checkab1edepositsAnswer:ADiff:116) Supposeaone-yeardiscountbondofferstopay$1000inoneyearandcurrent1yse11sfor$950.Giventhisinformation,weknowthattheinterestrateonthebondisA) 5.3%.B) 9.5%.C) 10%.D) 90%.E) 110%.Answer:ADiff:217) Supposeaone-yeardiscountbondofferstopay$1000inoneyearandcurrent1yhasa15%interestrate.Giventhisinformation,weknowthatthebond,spricemustbeA) $869.56.B) $1150.C) $850.D) $950.E) noneoftheaboveAnswer:ADiff:218) Banksaredifferentfromotherfinancia1intermediariesbecauseA) banksreceivefundsandmake1oans.B) someofabank'sdepositsaremoney.C) bankscanconductopenmarketoperationsontheirown.D) banksdonotneedtoho1dreservesagainsttheirdeposits.E) banksareopen1ongerhours.AnSWe亡BDiff:119) Whichofthefo11owinggenera11yoccurswhenacentra1bankpursuesexpansionarymonetarypo1icy?A) thecentra1bankpurchasesbondsandtheinterestrateincreases.B) thecentra1bankpurchasesbondsandtheinterestratedecreases.C) thecentra1bankse11sbondsandtheinterestrateincreases.D) thecentra1bankse11sbondsandtheinterestratedecreases.Answer:BDiff:220) Whichofthefo11owinggenera11yoccurswhenacentra1bankpursuescontractionarymonetarypo1icy?A) thecentra1bankpurchasesbondsandtheinterestrateincreases.B) thecentra1bankpurchasesbondsandtheinterestratedecreases.C) thecentra1bankse11sbondsandtheinterestrateincreases.D) thecentra1bankse11sbondsandtheinterestratedecreases.Answer:CDiff:221) Whichofthefo11owingwi11occurwhenthecentra1bankpursuesexpansionarymonetarypo1icy?A)a1eftwardshiftinthemoneydemandcurveanda1eftwardshiftinthemoneysupp1ycurveB)arightwardshiftinthemoneydemandcurveanda1eftwardshiftinthemoneysupp1ycurve.C)a1eftwardshiftinthemoneydemandcurveandarightwardshiftinthemoneysupp1ycurve.D)arightwardshiftinthemoneydemandcurveandarightwardshiftinthemoneysupp1ycurve.E)noneoftheaboveAnswer:EDiff:222) Whichofthefo11owingisacomponentofhighpoweredmoney?A) bondshe1dbybanks,1oans,andbankreservesB) currencyincircu1ationp1usbankreservesC) currencyincircu1ationp1uscheckab1edepositsD) bondshe1dbybanksp1uscheckab1edepositsE) thesumofcurrencyincircu1ation,bankreserves,andcheckab