The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 4

《The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 4》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter4TheMeaningofInterestRates4.1MeasuringInterestRates1)Theconceptof________isbasedonthecommon-sensenotionthatadollarpaidtoyouinthefutureislessvaluabletoyouthanadollartoday.A)presentvalueB)futurevalueC)interestD)deflationAnswer:

2、AAACSB:ApplicationofKnowledge2)Thepresentvalueofanexpectedfuturepayment________astheinterestrateincreases.A)fallsB)risesC)isconstantD)isunaffectedAnswer:AAACSB:ReflectiveThinking3)Anincreaseinthetimetothepromisedfuturepayment________thepresentvalueofthepayment.A)decreasesB)increasesC)hasn

3、oeffectonD)isirrelevanttoAnswer:AAACSB:ReflectiveThinking4)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximatelyA)$106.B)$100.C)$94.D)$92.Answer:CAACSB:AnalyticalThinking5)Whatisthepresentvalueof$500.00tobepaidintwoyearsiftheinterestrateis5percent?A)$453.51B)$500.00C)$

4、476.25D)$550.00Answer:AAACSB:AnalyticalThinking21Copyright©2016PearsonEducation,Inc.6)Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateisA)5percent.B)10percent.C)12.5percent.D)15percent.Answer:BAACSB:AnalyticalThinking7)Toclaimthatalotterywinnerwhoistor

5、eceive$1millionperyearfortwentyyearshaswon$20millionignorestheprocessofA)facevalue.B)parvalue.C)deflation.D)discountingthefuture.Answer:DAACSB:AnalyticalThinking8)Acreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentis

6、knownasaA)simpleloan.B)fixed-paymentloan.C)couponbond.D)discountbond.Answer:AAACSB:ApplicationofKnowledge9)AcreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasaA)simpleloan.B)fixed-paymentloan.C)couponbond.D)discountbond.Answer:BAACSB:

7、ApplicationofKnowledge10)WhichofthefollowingareTRUEoffixedpaymentloans?A)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.B)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.C)Theborrowerpaysinterestperiodicallyandtheprincipalatthematurityd