金融学(双语)复习资料第5章.doc

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1、Chapter5THEFEDERALRESERVETRUE/FALSEF1.ThepowertocreatemoneyisgivenbytheConstitutiontotheFederalReserve.创造货币的权力是宪法赋予美联储T2.Whencorporationsretire(payoff)loansfromcommercialbanks,excessreservesareincreased.当企业退休从商业银行（支付）的贷款，超额准备金增加。F3.Whenthegeneralpublicusesmoneyincheckingaccountstopurchasest

2、ockissuedbycorporations,therequiredreservesofbanksarereduced.当一般公众使用的钱在支票账户购买公司发行的股票，所需要的银行的准备金就会减少F4.OnlylargecommercialbanksaresubjecttotheregulationoftheFederalReserve.只有大型商业银行受到美联储的监管F5.WhentheFederalReservesellssecurities,themoneysupplyisincreased.当美联储出售证券，货币供应量增加T6.WhentheFederalReser

3、vebuyssecurities,thereservesofbanksareincreased.当美联储购买证券，银行的准备金增加T7.Openmarketoperationsisamoreflexibletoolofmonetarypolicythanthereserverequirements.公开市场操作是货币政策的一个更灵活的工具，比准备金要求T8.Reserverequirementsareinfrequentlychangedtoaffectcommercialbanklending.准备金要求频繁改变会影响商业银行贷款T9.TheOpenMarketCommit

4、teehastwelvemembersthatincludetheBoardofGovernors.公开市场委员会有十二名成员，其中包括理事会F10.ThepresidentsoftheDistrictBankselecttheBoardofGovernorsoftheFederalReserve.该地区银行的总统选举联邦储备理事会F11.ThefederalfundsrateistheinterestratetheFederalReservechargesbankswhentheyborrowreserves.联邦基金利率是利率联邦储备银行收费时，他们借入储备F12.Ift

5、heTreasuryborrowsfromtheFederalReserve,thelendingcapacityofbanksisreduced.如果财政部从美联储借，银行的放贷能力降低 T13.IftheTreasurysellsdebtthatispurchasedbycorporationsandusesthefundstopurchasemilitaryequipment,theexcessreservesofthebankingsystemarenotaffected.如果财政部出售债券是由公司购买并使用的资金购买军事装备，多余的银行体系储备不受影响T14.Def

6、lationisaperiodofdecliningprices.通货紧缩是一个时期价格下跌F15.Duringaperiodofrecession,theFedsellssecurities.在衰退期，美联储出售证券T16.TheConsumerPriceIndex(CPI)isameasureofinflation.居民消费价格指数（CPI）是衡量通货膨胀的T17.TheFederalReserveisindependentoftheU.S.Treasuryandisownedbycommercialbanks.美联储是独立于美国财政部，由商业银行所拥有F18.ThePr

7、esidentoftheUnitedStatesappointstheFederalOpenMarketCommittee.美国总统任命的联邦公开市场委员会F19.Sincethereservesofcommercialbanksearninterest,thereisanincentivetoholdexcessreserves.由于商业银行的准备金赚取利息，还有持有超额准备金的奖励T20.Openmarketoperationsisamoreflexibletoolofmonetarypolicyt