《金融市场学》习题

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1、《金融市场学》复习题1.Commonstockisanexampleofa(n)______.A)debtsecurity.B)moneymarketsecurity.C)equitysecurity.D)aandb2.Therequiredreturntoimplementagivenbusinessprojectwillbe______ifinterestratesarelower. Thisimpliesthatbusinesseswilldemanda______quantityofloanablefundswhen

2、interestratesarelower. A)greater;lowerB)lower;greaterC)lower;lowerD)greater;greater3.Thefederalgovernmentdemandforloanablefundsis__________. Ifthebudgetdeficitwasexpectedtoincrease,thefederalgovernmentdemandforloanablefundswould________. A)interestelastic;decreaseB

3、)interestelastic;increase C)interestinelastic;increaseD)interestinelastic;decrease4.Iftherealinterestratewasnegativeforaperiodoftime,thenA)inflationisexpectedtoexceedthenominalinterestrateinthefuture.B)inflationisexpectedtobelessthanthenominalinterestrateinthefutur

4、e. C)actualinflationwaslessthanthenominalinterestrate. D)actualinflationwasgreaterthanthenominalinterestrate.5.IfinflationturnsouttobelowerthanexpectedA)saversbenefit.B)borrowersbenefitwhilesaversarenotaffected. C)saversandborrowersareequallyaffected. D)saversaread

5、verselyaffectedbutborrowersbenefit.6.AssumethatforeigninvestorswhohaveinvestedinU.S.securitiesdecidetoincreasetheirholdingsofU.S.securities. ThisshouldcausethesupplyofloanablefundsintheUnitedStatesto_____andshouldplace______pressureonU.S.interestrates.A)decrease;u

6、pwardB)decrease;downwardC)increase;downwardD)increase;upward7.Ifeconomicexpansionisexpectedtodecrease,thedemandforloanablefundsshould______andinterestratesshould______.A)increase;increaseB)increase;decreaseC)decrease;decreaseD)decrease;increase8.WhenJapaneseinteres

7、tratesrise,andifexchangerateexpectationsremainunchanged,themostlikelyeffectisthatthesupplyofloanablefundsprovidedbyJapaneseinvestorstotheUnitedStateswill______,andtheU.S.interestrateswill_______.A)increase;increaseB)increase;decreaseC)decrease;decreaseD)decrease;in

8、crease9.Assumethatannualizedyieldsofshorttermandlongtermsecuritiesareequal. Ifinvestorssuddenlybelieveinterestrateswillincrease,theiractionsma