第四章利率为何会变动英文习题及答案.docVIP

Chapter 4 Why Do Interest Rates Change? 4.1 Single Choice 1) As the price of a bond _________ and the expected return _________, bonds become more attractive to investors and the quantity demanded rises. A) falls; rises B) falls; falls C) rises; rises D) rises; falls 2) The supply curve for bonds has the usual upward slope, indicating that as the price _________, ceteris paribus, the _________ increases. A) falls; supply B) falls; quantity supplied C) rises; supply D) rises; quantity supplied 3) When the price of a bond is above the equilibrium price, there is excess _________ in the bond market and the price will _________. A) demand; rise B) demand; fall C) supply; fall D) supply; rise 4) When the price of a bond is below the equilibrium price, there is excess _________ in the bond market and the price will _________. A) demand; rise B) demand; fall C) supply; fall D) supply; rise 5) When the price of a bond is _________ the equilibrium price, there is an excess supply of bonds and the price will _________. A) above; rise B) above; fall C) below; fall D) below; rise 6) When the price of a bond is _________ the equilibrium price, there is an excess demand for bonds and the price will _________. A) above; rise B) above; fall C) below; fall D) below; rise 7) When the interest rate on a bond is above the equilibrium interest rate, there is excess _________ in the bond market and the interest rate will _________. A) demand; rise B) demand; fall C) supply; fall D) supply; rise 8) When the interest rate on a bond is below the equilibrium interest rate, there is excess _________ in the bond market and the interest rate will _________. A) demand; rise B) demand; fall C) supply; fall D) supply; rise 9) When the interest rate on a bond is _________ the equilibrium interest rate, there is excess _________ in the bond market and the interest rate will _________. A) above; demand; fall B)