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1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter5TheBehaviorofInterestRates5.1DeterminantsofAssetDemand1)PiecesofpropertythatserveasastoreofvaluearecalledA)assets.B)unitsofaccount.C)liabilities.D)borrowings.Answer:AAACSB:ApplicationofKnowledg
2、e2)Ofthefourfactorsthatinfluenceassetdemand,whichfactorwillcausethedemandforallassetstoincreasewhenitincreases,everythingelseheldconstant?A)wealthB)expectedreturnsC)riskD)liquidityAnswer:AAACSB:AnalyticalThinking3)Ifwealthincreases,thedemandforstocks________
3、andthatoflong-termbonds________,everythingelseheldconstant.A)increases;increasesB)increases;decreasesC)decreases;decreasesD)decreases;increasesAnswer:AAACSB:ReflectiveThinking4)Everythingelseheldconstant,adecreaseinwealthA)increasesthedemandforstocks.B)incre
4、asesthedemandforbonds.C)reducesthedemandforsilver.D)increasesthedemandforgold.Answer:CAACSB:ReflectiveThinking5)Anincreaseinanasset'sexpectedreturnrelativetothatofanalternativeasset,holdingeverythingelseconstant,________thequantitydemandedoftheasset.A)increa
5、sesB)decreasesC)hasnoeffectonD)erasesAnswer:AAACSB:ReflectiveThinking36Copyright©2016PearsonEducation,Inc.6)Everythingelseheldconstant,iftheexpectedreturnonABCstockrisesfrom5to10percentandtheexpectedreturnonCBSstockisunchanged,thentheexpectedreturnofholdingC
6、BSstock________relativetoABCstockandthedemandforCBSstock________.A)rises;risesB)rises;fallsC)falls;risesD)falls;fallsAnswer:DAACSB:ReflectiveThinking7)Everythingelseheldconstant,iftheexpectedreturnonU.S.Treasurybondsfallsfrom10to5percentandtheexpectedreturno
7、nGEstockrisesfrom7to8percent,thentheexpectedreturnofholdingGEstock________relativetoU.S.TreasurybondsandthedemandforGEstock________.A)rises;risesB)rises;fallsC)falls;risesD)falls;fallsAnswer:AAACSB:ReflectiveThinking8)Ifhousingpricesareexpectedtoincrease,the
8、n,otherthingsequal,thedemandforhouseswill________andthatofTreasurybillswill________.A)increase;increaseB)increase;decreaseC)decrease;decreaseD)decrease;increaseAnswer:BAACSB:ReflectiveThinking9)
