货币金融学chapter 4英文习题

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

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

3、C)hasnoeffectonD)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,Ltd.6)Ifasecuritypays$55inoneyearand$133inthreeyears,itspresentvalueis$150iftheinterestrateisA)5percent.B)10percent.C)12.5percent.D)15percent.Answer:BAACSB:AnalyticalThinking7)Toclaimthatalotterywinnerwhoistorec

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

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

7、nofKnowledge10)WhichofthefollowingareTRUEoffixedpaymentloans?A)Theborrowerrepaysboththeprincipalandinterestatthematuritydate.B)Installmentloansandmortgagesarefrequentlyofthefixedpaymenttype.C)Theborrowerpaysinterestperiodicallyandtheprincipal