money and bank test bank chap04

《money and bank test bank chap04》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、TheEconomicsofMoney,Banking,andFinancialMarkets,9e(Mishkin)Chapter4UnderstandingInterestRates4.1MeasuringInterestRates1)Theconceptof________isbasedonthecommon-sensenotionthatadollarpaidtoyouinthefutureislessvaluabletoyouthanadollartoday.A)presentvalueB)futureval

2、ueC)interestD)deflationAnswer:AQuesStatus:PreviousEdition2)Thepresentvalueofanexpectedfuturepayment________astheinterestrateincreases.A)fallsB)risesC)isconstantD)isunaffectedAnswer:AQuesStatus:PreviousEdition3)Anincreaseinthetimetothepromisedfuturepayment_______

3、_thepresentvalueofthepayment.A)decreasesB)increasesC)hasnoeffectonD)isirrelevanttoAnswer:AQuesStatus:PreviousEdition4)Withaninterestrateof6percent,thepresentvalueof$100nextyearisapproximatelyA)$106.B)$100.C)$94.D)$92.Answer:CQuesStatus:PreviousEdition5)Ifasecuri

4、typays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateisA)5percent.B)10percent.C)12.5percent.D)15percent.Answer:BQuesStatus:PreviousEdition196)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignoresthepr

5、ocessofA)facevalue.B)parvalue.C)deflation.D)discountingthefuture.Answer:DQuesStatus:Revised7)AcreditmarketinstrumentthatprovidestheborrowerwithanamountoffundsthatmustberepaidatthematuritydatealongwithaninterestpaymentisknownasaA)simpleloan.B)fixed-paymentloan.C)

6、couponbond.D)discountbond.Answer:AQuesStatus:PreviousEdition8)AcreditmarketinstrumentthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateisknownasaA)simpleloan.B)fixed-paymentloan.C)couponbond.D)discountbond.Answer:BQuesStatus:PreviousEditi

7、on9)Whichofthefollowingaretrueoffixedpaymentloans?A)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.B)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.C)Theborrowerpaysinterestperiodicallyandtheprincipalatthematuritydate.D)Commerciall

8、oanstobusinessesareoftenofthistype.Answer:BQuesStatus:PreviousEdition10)AfullyamortizedloanisanothernameforA)asimpleloan.B)afixed-paymentloan.C)acommercialloan.D)anun