货币银行学题库.doc

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1、.1)Ofthefollowingmeasuresofinterestrates,whichisconsideredbyeconomiststobethemostaccurate?(a)Theyieldtomaturity(b)Thecouponrate(c)Thecurrentyield(d)TheyieldonadiscountbasisAnswer:AQuestionStatus:PreviousEdition2)Toclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwe

2、ntyyearshaswon$20millionignorestheconceptof(a)amortizingaloan.(b)parvalue.(c)deflation.(d)discountingthefuture.(e)facevalue.Answer:DQuestionStatus:New3)Ifasecuritypays$110nextyearand$121theyearafterthat,whatisitsyieldtomaturityifitsellsfor$200?(a)9percent(b)10percent(c)11p

3、ercent(d)12percentAnswer:B4)Whichofthefollowingaretrueofsimpleloans?(a)Asimpleloanrequirestheborrowertorepaytheprincipalandinterestatthematuritydate.(b)Commercialloanstobusinessesareoftenofthistype.(c)Theborrowerrepaystheloanbymakingthesamepaymenteverymonth.(d)Both(a)and(b

4、)oftheabove.(e)Both(b)and(c)oftheabove.Answer:DQuestionStatus:PreviousEdition..1)Forsimpleloans,thesimpleinterestrateis_____theyieldtomaturity.(a)greaterthan(b)lessthan(c)equalto(d)notcomparabletoAnswer:C2)QuestionStatus:PreviousEditionWithaninterestrateof5percent,theprese

5、ntvalueof$100nextyearisapproximately(a)$100.(b)$105.(c)$95.(d)$90.Answer:C3)If$1102.50istheamountpayableintwoyearsfora$1000simpleloanmadetoday,theinterestrateis(a)2.5percent.(b)5percent.(c)10percent.(d)12.5percent.(e)20percent.Answer:B4)Aloanthatrequirestheborrowertomaketh

6、esamepaymenteveryperioduntilthematuritydateiscalleda(a)simpleloan.(b)fixed-paymentloan.(c)discountloan.(d)asame-paymentloan.(e)noneoftheabove.Answer:B5)Acouponbondpaystheownerofthebond(a)thesameamounteverymonthuntilmaturitydate.(b)thefacevalueofthebondplusaninterestpayment

7、oncethematuritydatehasbeenreached.(c)afixed-interestpaymenteveryperiodandrepaysthefacevalueatthematuritydate.(d)thefacevalueatthematuritydate.(e)noneoftheabove.Answer:C6)Whichofthefollowingaretrueforacouponbond?(a)Whenthecouponbondispricedatitsfacevalue,theyieldtomaturitye

8、qualsthecouponrate.(b)Thepriceofacouponbondandtheyieldtomaturityarenegativelyrelated.(c)T