货币金融学（第十二版）英文版题库及答案chapter5.pdf

Economics of Money, Banking, and Financial Markets, 12e (Mishkin) Chapter 5 The Behavior of Interest Rates 5.1 Determinants of Asset Demand 1) Pieces of property that serve as a store of value are called A) assets. B) units of account. C) liabilities. D) borrowings. Answer: A Ques Status: Previous Edition AACSB: Application of Knowledge 2) Of the four factors that influence asset demand, which factor will cause the demand for all assets to increase when it increases, everything else held constant? A) wealth B) expected returns C) risk D) liquidity Answer: A Ques Status: Previous Edition AACSB: Analytical Thinking 3) If wealth increases, the demand for stocks ________ and that of long-term bonds ________, everything else held constant. A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 4) Everything else held constant, a decrease in wealth A) increases the demand for stocks. B) increases the demand for bonds. C) reduces the demand for silver. D) increases the demand for gold. Answer: C Ques Status: Previous Edition AACSB: Reflective Thinking 1 Copyright © 2019 Pearson Education, Inc. 5) An increase in an assets expected return relative to that of an alternative asset, holding everything else constant, ________ the quantity demanded of the asset. A) increases B) decreases C) has no effect on D) erases Answer: A Ques Status: Previous Edition AACSB: Reflective Thinking 6) Everything else held constant, if the expected return on Disney stock rises from 5 to 10 percent and the expected return on CBS stock is unchanged, then the expected return of holding CBS stock ________ relative to Disney stock and the demand for CBS stock ________. A) rises; rises B) rises; falls C) falls; rises D) fa