货币银行学(B卷)答案.doc

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1、江西财经大学09－10学年第二学期期末考试参考答案与评分标准试卷代码：12423B授课课时：48课程名称：货币银行学适用对象：国际学院学生试卷命题人李静试卷审核人王耀德PartI.Thisparthas20MultipleChoiceQuestionsandeachoneisworth1points.Thetotalpointsforthispartare20points.Pleasechooseonlyoneanswerforeachquestion.1Modelsdescribingthedeterminationo

2、fthemoneysupplyandtheFed’sroleinthisprocessnormallyfocuson_____ratherthan_____,sinceFedactionshaveamorepredictableeffectontheformer.(a)reserves;themonetarybase(b)reserves;high-poweredmoney(c)themonetarybase;high-poweredmoney(d)themonetarybase;reservesAnswer:DQues

3、tionStatus:PreviousEdition2Adisadvantageofaforwardcontractisthata)itmaybedifficulttolocateacounterparty.b)theforwardmarketsuffersfromlackofliquidity.c)thesecontractshavedefaultrisk.d)alloftheabove.Answer:DQuestionStatus:New3Thegoalsofbankassetmanagementincludea)m

4、aximizingrisk.b)minimizingliquidityc)lendingathighinterestratesregardlessofrisk.d)purchasingsecuritieswithhighreturnsandlowrisk.Answer:DQuestionStatus:New4Ifinterestratesareexpectedtoriseinthefuture,thedemandforlong-termbonds_____andthedemandcurveshiftstothe_____

5、.a)rises;rightb)rises;leftc)falls;rightd)falls;leftAnswer:DQuestionStatus:PreviousEdition1TheFed’smostcommonlyusedmeansofchangingthemoneysupplyisa)changingreserverequirements.b)changingthediscountrate.c)openmarketoperations.d)changesininterestrateceilings.Answer:

6、CQuestionStatus:Revised2Iftheliquidityeffectissmallerthantheothereffects,andtheadjustmenttoexpectedinflationisimmediate,thenthea)interestratewillfall.b)interestratewillrise.c)interestratewillfallimmediatelybelowtheinitiallevelwhenthemoneysupplygrows.d)interestrat

7、ewillriseimmediatelyabovetheinitiallevelwhenthemoneysupplygrows.Answer:DQuestionStatus:PreviousEdition3Asystemofdepositinsurancea)attractsrisk-takingentrepreneursintothebankingindustry.b)encouragesbankmanagerstoassumeincreasedrisk.c)increasestheincentivesofdeposi

8、torstomonitortheriskinessoftheirbank’sassetportfolio.d)doesonly(a)and(b)oftheabove.Answer:DQuestionStatus:StudyGuide4Theformulaforthemoneymultiplierthatinclude