《金融市场学》习题.doc

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1、《金融市场学》复习题1.Commonstockisanexampleofa(n)______.A)debtsecurity.B)moneymarketsecurity.C)equitysecurity.D)aandb2.Therequiredreturntoimplementagivenbusinessprojectwillbe______ifinterestratesarelower. Thisimpliesthatbusinesseswilldemanda______quantityofloanablefundswheninterestratesarelo

2、wer. A)greater;lowerB)lower;greaterC)lower;lowerD)greater;greater3.Thefederalgovernmentdemandforloanablefundsis__________. Ifthebudgetdeficitwasexpectedtoincrease,thefederalgovernmentdemandforloanablefundswould________. A)interestelastic;decreaseB)interestelastic;increase C)interest

3、inelastic;increaseD)interestinelastic;decrease4.Iftherealinterestratewasnegativeforaperiodoftime,thenA)inflationisexpectedtoexceedthenominalinterestrateinthefuture.B)inflationisexpectedtobelessthanthenominalinterestrateinthefuture. C)actualinflationwaslessthanthenominalinterestrate.

4、 D)actualinflationwasgreaterthanthenominalinterestrate.5.IfinflationturnsouttobelowerthanexpectedA)saversbenefit.B)borrowersbenefitwhilesaversarenotaffected. C)saversandborrowersareequallyaffected. D)saversareadverselyaffectedbutborrowersbenefit.6.Assumethatforeigninvestorswhohavein

5、vestedinU.S.securitiesdecidetoincreasetheirholdingsofU.S.securities. ThisshouldcausethesupplyofloanablefundsintheUnitedStatesto_____andshouldplace______pressureonU.S.interestrates.A)decrease;upwardB)decrease;downwardC)increase;downwardD)increase;upward7.Ifeconomicexpansionisexpecte

6、dtodecrease,thedemandforloanablefundsshould______andinterestratesshould______.A)increase;increaseB)increase;decreaseC)decrease;decreaseD)decrease;increase8.WhenJapaneseinterestratesrise,andifexchangerateexpectationsremainunchanged,themostlikelyeffectisthatthesupplyofloanablefundspro

7、videdbyJapaneseinvestorstotheUnitedStateswill______,andtheU.S.interestrateswill_______.A)increase;increaseB)increase;decreaseC)decrease;decreaseD)decrease;increase9.Assumethatannualizedyieldsofshorttermandlongtermsecuritiesareequal. Ifinvestorssuddenlybelieveinterestrateswillincr

8、ease,theiractionsma