货币金融学chapter 英文习题.docVIP

Economics of Money, Banking, and Financial Markets, 11e, Global Edition (Mishkin) Chapter 4 The Meaning of Interest Rates 4、1 Measuring Interest Rates 1) The concept of ________ is based on the mon-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today、 A) present value B) future value C) interest D) deflation Answer: A AACSB: Application of Knowledge 2) The present value of an expected future payment ________ as the interest rate increases、 A) falls B) rises C) is constant D) is unaffected Answer: A AACSB: Reflective Thinking 3) An increase in the time to the promised future payment ________ the present value of the payment、 A) decreases B) increases C) has no effect on D) is irrelevant to Answer: A AACSB: Reflective Thinking 4) With an interest rate of 6 percent, the present value of $100 next year is approximately A) $106、 B) $100、 C) $94、 D) $92、 Answer: C AACSB: Analytical Thinking 5) What is the present value of $500、00 to be paid in two years if the interest rate is 5 percent? A) $453、51 B) $500、00 C) $476、25 D) $550、00 Answer: A AACSB: Analytical Thinking 6) If a security pays $55 in one year and $133 in three years, its present value is $150 if the interest rate is A) 5 percent、 B) 10 percent、 C) 12、5 percent、 D) 15 percent、 Answer: B AACSB: Analytical Thinking 7) To claim that a lottery winner who is to receive $1 million per year for twenty years has won $20 million ignores the process of A) face value、 B) par value、 C) deflation、 D) discounting the future、 Answer: D AACSB: Analytical Thinking 8) A credit market instrument that provides the borrower with an amount of funds that must be repaid at the maturity date along with an interest payment is known as a A) simple loan、 B) fixed-payment loan、 C) coupon bond、 D) discount bond、 Answer: A AACSB: Application of Knowledge 9) A credit market instrument that requires the borrower to make the same payment every period until the maturity date is kno