货银期末习题课习题.pdfVIP

货银期末习题课习题--第1页 货银期末习题课习题 1) If the liquidity effect is larger than the other effects, an increase in money growth will (a) lower interest rates. (b) raise interest rates. (c) cause interest rates to rise initially but then fall below the initial level. (d) cause interest rates to fall initially but then rise above the initial level. Answer: A 2) Deposit insurance (a) attracts risk-prone entrepreneurs to the banking industry. (b) encourages bank managers to take on greater risks than they otherwise would. (c) reduces the incentives of depositors to monitor the riskiness of their banks’ asset portfolios. (d) does all of the above. Answer: D 3) The formula linking the money supply to the monetary base is (a) M ＝ m ＋ MB.. (b) M ＝ m × MB. (c) m ＝ M × MB. (d) MB ＝ M × m. Answer: B 4) Using the one-period valuation model, assuming a year-end dividend of $0.50, an expected sales price of $50, and a required rate of return of 10%, the current price of the stock would be 货银期末习题课习题--第1页 货银期末习题课习题--第2页 (a) $50.50. (b) $50.00. (c) $45.91. (d) $45.00. Answer: C 5) The Fed uses three policy tools to manipulate the money supply: open market operations, which affect the _____; changes in discount lending, which affect the _____ by influencing the quantity of discount loans; and changes in reserve requirements, which affect the _____. (a) money multiplier; monetary base; monetary base (b) monetary base; money multiplier; monetary base (c) monetary base; monetary base; money multiplier (d) money multiplier; money multiplier;