The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 4

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter4UnderstandingInterestRates4.1MeasuringInterestRates1)Theconceptof________isbasedonthecommon-sensenotionthatadollarpaidtoyouinthefutureislessvaluabletoyouthanadollartoday.A)presentvalueB)futurevalueC)interestD)d

2、eflationAnswer:AQuesStatus:PreviousEdition2)Thepresentvalueofanexpectedfuturepayment________astheinterestrateincreases.A)fallsB)risesC)isconstantD)isunaffectedAnswer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills3)Anincreaseinthetimetothepromisedfuturepayment

3、________thepresentvalueofthepayment.A)decreasesB)increasesC)hasnoeffectonD)isirrelevanttoAnswer:AQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills4)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximatelyA)$106.B)$100.C)$94.D)$92.Answer:CQuesStat

4、us:PreviousEditionAACSB:Analyticskills23Copyright©2013PearsonEducation,Inc.5)Whatisthepresentvalueof$500.00tobepaidintwoyearsiftheinterestrateis5percent?A)$453.51B)$500.00C)$476.25D)$550.00Answer:AQuesStatus:NewAACSB:Analyticskills6)Ifasecuritypays$55inoneyearand$133int

5、hreeyears,itspresentvalueis$150iftheinterestrateisA)5percent.B)10percent.C)12.5percent.D)15percent.Answer:BQuesStatus:PreviousEditionAACSB:Analyticskills7)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheprocessofA)facevalue

6、.B)parvalue.C)deflation.D)discountingthefuture.Answer:DQuesStatus:PreviousEditionAACSB:Analyticskills8)AcreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasaA)simpleloan.B)fixed-paymentloan.

7、C)couponbond.D)discountbond.Answer:AQuesStatus:PreviousEdition9)AcreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasaA)simpleloan.B)fixed-paymentloan.C)couponbond.D)discountbond.Answer:BQuesStatus:PreviousEdition23Co

8、pyright©2013PearsonEducation,Inc.10)Whichofthefollowingaretrueoffixedpaymentloans?A)Theborrowerrepaysboththepr