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页数:19页
时间:2019-07-04
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1、TheEconomicsofMoney,Banking,andFinancialMarkets,9e(Mishkin)Chapter4UnderstandingInterestRates4.1MeasuringInterestRates1)Theconceptof________isbasedonthecommon-sensenotionthatadollarpaidtoyouinthefutureislessvaluabletoyouthanadollartoday.A)presentvalueB)futurevalueC)interestD)deflat
2、ionAnswer:AQuesStatus:PreviousEdition2)Thepresentvalueofanexpectedfuturepayment________astheinterestrateincreases.A)fallsB)risesC)isconstantD)isunaffectedAnswer:AQuesStatus:PreviousEdition3)Anincreaseinthetimetothepromisedfuturepayment________thepresentvalueofthepayment.A)decreases
3、B)increasesC)hasnoeffectonD)isirrelevanttoAnswer:AQuesStatus:PreviousEdition4)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximatelyA)$106.B)$100.C)$94.D)$92.Answer:CQuesStatus:PreviousEdition5)Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150i
4、ftheinterestrateisA)5percent.B)10percent.C)12.5percent.D)15percent.Answer:BQuesStatus:PreviousEdition196)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheprocessofA)facevalue.B)parvalue.C)deflation.D)discountingthefuture.Answer:DQuesSta
5、tus:Revised7)AcreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasaA)simpleloan.B)fixed-paymentloan.C)couponbond.D)discountbond.Answer:AQuesStatus:PreviousEdition8)Acreditmarketinstrumentthatrequiresthe
6、borrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasaA)simpleloan.B)fixed-paymentloan.C)couponbond.D)discountbond.Answer:BQuesStatus:PreviousEdition9)Whichofthefollowingaretrueoffixedpaymentloans?A)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.B)Inst
7、allmentloansandmortgagesarefrequentlyofthefixedpaymenttype.C)Theborrowerpaysinterestperiodicallyandtheprincipalatthematuritydate.D)Commercialloanstobusinessesareoftenofthistype.Answer:BQuesStatus:PreviousEdition10)AfullyamortizedloanisanothernameforA)asimpleloan.B)afixed-paymentloa
8、n.C)acommercialloan.D)anun
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