货币银行学练习PPT.ppt

CH1;;;;;;;;;;CH2;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;CH3;;;;;;;;;;;;;;;;;;;;;;;;CH4;;;;;;;;;;;;;;;;;;;;;;CH5;;;;;;;;;;;;;;;;;;;;;;CH6;;;;;;;;;;;;;;;;66) According to the expectations theory of the term structure A) the interest rate on long-term bonds will equal an average of short-term interest rates that people expect to occur over the life of the long-term bonds. B) buyers of bonds do not prefer bonds of one maturity over another. C) interest rates on bonds of different maturities move together over time. D) all of the above. E) only (a) and (b) of the above. ;68) According to the expectations theory of the term structure A) when the yield curve is steeply upward sloping, short- term interest rates are expected to rise in the future. B) when the yield curve is downward sloping, short-term interest rates are expected to decline in the future. C) buyers of bonds do not prefer bonds of one maturity over another. D) all of the above. E) only (a) and (b) of the above. ;71) According to the expectations theory of the term structure A) the interest rate on long-term bonds will equal an average of short-term interest rates that people expect to occur over the life of the long-term bonds. B) buyers of bonds do not prefer bonds of one maturity over another. C) yield curves should be as equally likely to slope downward as slope upward. D) all of the above. E) only (a) and (b) of the above. ;79) According to the segmented markets theory of the term structure A) the interest rate for each maturity bond is determined by supply and demand for that maturity bond. B) bonds of one maturity are not substitutes for bonds of other maturities, therefore, interest rates on bonds of different maturities do not move together over time. C) investors strong preferences for short-term relative to long-term bonds explains why yield curves typically slope upward. D) all of the above. E) none of the above ;80) According to the segmented markets theory of the term struc