貨幣金融學(xué)智慧樹知到答案章節(jié)測試2023年廣東外語外貿(mào)大學(xué)

第一章測試Thenatureoffinanceiscapitalfinancing,orfundcirculating,thatis,transferringfundsfromcapitalproviderstocapitaldemanders.()

A:True

B:False

答案:ABanksaretheonlyimportantfinancialinstitutions.()

A:True

B:False

答案:BFinancialmarketscanpromoteeconomicefficiency,butcannotimprovethewell-beingofconsumers.()

A:True

B:False

答案:BWhenbusinessesgolookingforfundstofinancetheiractivities,theyusuallyobtainthemdirectlyfromsecuritiesmarketsandnotindirectlythroughfinancialintermediaries.()

A:True

B:False

答案:BFinancialmarketspromotegreatereconomicefficiencybychannelingfundsfrom________to________.()

A:savers;borrowers

B:borrowers;savers

C:savers;lenders

D:investors;savers

答案:AFinancialinstitutionsthatacceptdepositsandmakeloansarecalled___.()

A:financecompanies.

B:banks.

C:mutualfunds.

D:exchanges.

答案:BChina’sfinancialsystemis___financialsystem.()

A:market-oriented

B:direct-financing-oriented

C:bank-oriented

D:indirect-financing-oriented

答案:CWhichofthefollowingstatementsareTRUE?()

A:indirectfinancecanalleviateasymmetricinformation.

B:indirectfinancecanreducetransactioncosts.

C:directfinancecanreducetransactioncosts.

D:directfinancecanalleviateasymmetricinformation.

答案:ABGovernmentregulationstoreducethepossibilityoffinancialpanicincludeallofthefollowingEXCEPT___.()

A:restrictionsonassetsandactivities.

B:economiesofscope.

C:transactionscosts.

D:disclosure.

答案:BCWhichofthefollowingarecontractualsavingsinstitutions?()

A:mutualfunds

B:financecompany

C:pensionfund

D:lifeinsurancecompany

答案:ACD第二章測試Underthebartersystem,theprimaryshortcomingwasthedoublecoincidenceofwantscouldnotmatch.()

A:True

B:False

答案:AMoneymeanscurrency.()

A:False

B:True

答案:AMoneyisjustonetypeofwealth.()

A:True

B:False

答案:AThecalculationsofM0,M1,M2aresameinUSAandinChina.()

A:False

B:True

答案:AWhenthepricelevelisincreasingrapidly,moneylosesvaluerapidly,andpeoplebecomemorereluctanttoholdtheirwealthinthisform.()

A:False

B:True

答案:BThefirstformofe-moneywasthedebitcard.()

A:True

B:False

答案:AWhichofthefollowingsarecurrencyexcept:（）

A:Coins.

B:Papercash.

C:Check.

答案:CWhichassetisthemostliquidassetofallbecauseitisthemediumofexchange;itdoesnothavetobeconvertedintoanythingelsetomakepurchases.（）

A:House

B:Bond

C:Money

D:Stock

答案:CWhetherintheformofshells,rocks,goldorpaper,moneyhasthreeprimaryfunctionsinanyeconomy:（）

A:Asaunitofaccount

B:Asamediumofexchange,

C:Asastoreofvalue.

答案:ABCPapercurrencyandcoinsareeasilystolenandcanbeexpensivetotransportinlargeamountsbecauseoftheirbulk.Tocombatthisproblem,inmodernbankingsystem,whatinventionsarecreated:（）

A:Check

B:Bankaccount

C:Debitcard,creditcard

D:E-money

答案:ABCD第三章測試Inthecaseofasimpleloanlikethisone,theinterestpaymentdividedbytheamountoftheloanisanaturalandsensiblewaytomeasuretheinterestrate.（）

A:False

B:True

答案:BAcouponbondpaystheownerofthebondafixedinterestpayment(couponpayment)everyyearuntilthematuritydate,whenaspecifiedfinalamount(facevalueorparvalue)isrepaid.（）

A:True

B:False

答案:AYieldtomaturityistheinterestratethatequatesthepresentvalueofcashflowpaymentsreceivedfromadebtinstrumentwithitsvaluetoday.（）

A:False

B:True

答案:BTheconceptofpresentvalue(orpresentdiscountedvalue)isbasedonthecommonsensenotionthatoneYuanpaidtoyouoneyearfromnowismorevaluablethanoneYuanpaidtoyoutoday.（）

A:True

B:False

答案:BWithafixed-paymentbond,thereturnonthebondisequaltotherateofcapitalgain.（）

A:False

B:True

答案:AAdiscountbond().

A:isalsocalledsimplepaymentbond.

B:isboughtatapricebelowitsfacevalue

C:isalsocalledazero-couponbond.

D:itsfacevalueisrepaidatthematuritydate.

答案:BCD第四章測試Operatingasintermediariesbytransferringfundsfromsaverstoborrowersisaparticularroleofbanks.（）

A:False

B:True

答案:BUnusedloancommitmentsaretypicallyrecordedintheassetsideofabank’sbalancesheet.（）

A:True

B:False

答案:BChinaDevelopmentbankisoneofthelargestcommercialbanksinChina.（）

A:False

B:True

答案:AGapanalysisshouldbeconductedonacontinuingbasis.（）

A:False

B:True

答案:BInthebalancesheetofabank,whichofthefollowingassetsisthemostilliquid?（）

A:Municipalbonds

B:Commercialandindustrialloans；

C:Treasurybills；

D:Vaultcash；

答案:BThesecondaryreservereferstothesecuritiesthatcanbeeasilyconvertedtocashtomeetunanticipatedobligations,whichinthefollowingcanbeclassifiedassecondaryreserve（）

A:Short-termgovernmentsecurities；

B:Agencysecurities；

C:Mortgage-backedsecurities

D:Federalfundssold；

答案:AIftheamountofinterest-sensitiveassetsislessthanthatofinterest-sensitiveliabilitieswithinabank,whatwillhappenwhentheinterestrateincreases?（）

A:Thenetinterestincomewillincrease；

B:Thegapisnarrowed;

C:Thenetinterestincomewillshrink；

D:Thegapisenlarged；

答案:CWhichstatementinthefollowingiscorrect?（）

A:Acertificateofdepositisclassifiedasnon-transactionaccount;

B:Whendepositoutflowoccurs,bankswillprioritizethesaleofloanstomeettheliquiditydemand；

C:Realestateloansarenormallyissuedalongwithrealpropertiesascollaterals；

D:Thereisnoriskembeddedintheoff-balancesheetactivities；

答案:CNon-transactiondepositsconsistof（）

A:Demanddeposits

B:Certificateofdeposits；

C:Moneymarketdepositaccount；

D:Savingsaccounts；

答案:BCDInadditiontothemodificationofcapitalrequirements,thenewestBaselAccordalsoemphasizesregulatoryrequirementsforliquidity,whichinclude（）

A:LiquidityCoverageRatio;

B:CapitalConservationBuffer

C:NetStableFundingRatio

D:LeverageRatio

答案:AC第五章測試Financialmarketscandirectlyimprovethewell-beingofconsumers.（）

A:False

B:True

答案:BThehomemortgageiskindofequitysecurity（）

A:True

B:False

答案:BFinancialmarketscantransferfundsfromlenderstoborrowersthrougheitherdirectorfinanceandindirectfinance.（）

A:False

B:True

答案:BFinancialmarketsareessentialtoproduceanefficientallocationofcapital.（）

A:False

B:True

答案:BIndirectfinance,borrowersneedtosellsecuritiestolenderstogetfunds.（）

A:True

B:False

答案:AInindirectfinance,afinancialintermediaryborrowsfundsfromlendersandthenusesthesefundstomakeloanstoborrowers.（）

A:True

B:False

答案:AInfinance,securitymeanthefreedomfromdangerorrisk.（）

A:True

B:False

答案:BLiterally,securitiesareclaimsontheborrower’sfutureincomeorassets.（）

A:True

B:False

答案:BHowdofinancialmarketsthewell-beingofconsumers?（）

A:Financialmarketsallowfirmstoborrowmoneyfrominvestors

B:Financialmarketsallowfirmstofinancetheirinvestmentthroughissuingequity

C:Financialmarketsallowconsumertotimetheirpurchasesbetter

D:Financialmarketsallowconsumerstobuystockwithlowerprice

答案:CWhichofthefollowingdescriptionsisforthedebtfinancing?（）

A:Firmsneedtomakedividendpaymenttotheirdebtholders

B:Firmscandecidetheinterestpaymentthattheymaketotheirdebtholdersineachperiod

C:Firmsneedtopaytheirdebtholdersprincipalwhendebtsaredue

D:Thefinancingcostofdebtishigherthanthefinancingcostofequity

答案:C第六章測試TheoldestcentralbankintheworldistheBankofEngland()

A:False

B:True

答案:AItsprimaryfunctionistoprovidethenation’smoneysupply.()

A:True

B:False

答案:AAsthe“banker’sbank,”thecentralbankprovidesservicestofinancialinstitutionsinmuchthesamewaycommercialbanksservetheircustomers.()

A:False

B:True

答案:BByaffectingtheloansanddiscountrate,thecentralbankcanachievethemacroeconomicgoals.()

A:True

B:False

答案:ACentralbanksserveasbanksforthegovernmentbymaintainingaccountsandprovidingservicesfortheTreasury.()

A:True

B:False

答案:ACentralbanksareinherentlymarket-basedorcompetitiveinstitutions.()

A:True

B:False

答案:BPrivatecommercialbanksareonlypermittedtoissuedemandliabilities,suchascheckingdeposits,whilecentralbankissuesbanknotesandcash.()

A:True

B:False

答案:ACentralbankalsodrivestheefficiencyandtechnologicaldevelopmentofthepaymentssystem.()

A:False

B:True

答案:BCentralbankmayalsohavesupervisorypowerstoensurethatbanksandotherfinancialinstitutionsdonotbehaverecklesslyorfraudulently.()

A:True

B:False

答案:AAlthoughtheirresponsibilitiesvaryfromcountrytocountry,centralbanks’duties(andthejustificationfortheirexistence)usuallyfallintothreeareas:（）

A:controlandmanipulatethenationalmoneysupply

B:Managecheckingdepositsforindividuals

C:actsasanemergencylendertodistressedcommercialbanksandotherinstitutions,andsometimesevenagovernment

D:regulatememberbanksthroughcapitalrequirements,reserverequirements,anddepositguarantees,amongothertools

答案:ACD第七章測試MonetaryBase(alsocalledhigh-poweredmoney),whichisdirectlycontrolledbycentralbank.()

A:False

B:True

答案:BThecentralbankcontrolsmonetarybaseonlybycreatingmorecurrency.()

A:True

B:False

答案:BThemonetarybaseMBcanbeexpressedasMB=currencyincirculationC+thetotalreservesinbankingsystemR.()

A:True

B:False

答案:ATheprimarywayinwhichthecentralbankcauseschangesinthemonetarybaseisthroughitsopenmarketoperations.()

A:True

B:False

答案:AFrom1948tillnow,Chinesegovernmenthasissued5setsofcurrencies.()

A:False

B:True

答案:BAsaleofbondsorsecurities,bythecentralbankwillcauseanexpansionofreservesinthebankingsystem,andthereforewillincreasetheMB.()

A:False

B:True

答案:AAshiftfromdepositstocurrencywillaffectthereservesinthebankingsystem.However,suchashiftwillhavegreateffectonthemonetarybase.()

A:False

B:True

答案:AThemoneymultiplier,denotedbym,whichtellsushowmuchthemoneysupplychangesforagivenchangeinthemonetarybase.()

A:True

B:False

答案:AThemonetarybaseisalsoaffectedwhenthecentralbankmakesaloantoafinancialinstitution.()

A:False

B:True

答案:BThetotalreservesRcanbedividedinto:（）

A:excessreserves

B:requiredreserves

C:twocategories

答案:ABC第八章測試Themoneymarketinterestrateisthelong-terminterestratedeterminedbyinterbankborrowingonreserves.（）

A:True

B:False

答案:BRequiredreservesarethereservesrequiredbythecentralbank.（）

A:False

B:True

答案:BExcessreservesaretheadditionalreservesbankschoosetohold.（）

A:True

B:False

答案:AThecentralbankspayinterestonexcessreservesatalevelthatistypicallysetatafixedamountbelowthemoneymarketinterestratetarget.（）

A:False

B:True

答案:BOpenmarketoperationsarethemostimportantconventionalmonetarypolicytool.（）

A:False

B:True

答案:BOpenmarketpurchasesshrinkreservesandthemonetarybase.（）

A:True

B:False

答案:BOpenmarketsalesexpandreservesandthemonetarybase.（）

A:False

B:True

答案:AWhatarethemonetarypolicytoolsforthecentralbank?（）

A:Reserverequirements

B:Assetpurchases

C:Openmarketoperations

D:Discountlending

答案:ACDWhatarethemonetarypolicytoolsforthecentralbank?（）

A:Liquidityprovision

B:Commitmenttofuturemonetarypolicyactions

C:Assetpurchases

D:Openmarketoperations

答案:ABCWhichofthefollowingdescriptionsarefortheobjectivesofthemonetarypolicyofthecentralbank?（）

A:Stabilityoffinancialmarkets

B:Highemploymentandoutputstability

C:Pricestability

D:Lowinterestrate

答案:BC第九章測試Inthequantitytheoryofmoney,thevelocityofmoneyisalwaysdirectlyobservableinthemarketplace.（）

A:False

B:True

答案:ATheminimumholdingcostofmoneytendstobehigheriftheopportunitycostdecreases.（）

A:False

B:True

答案:AThesecondstageofmonetarypolicyinChinaistheperiodofdirectcontrolandmanagementoftotalcreditsupply.（）

A:True

B:False

答案:AAsthepaymenttechnologybecomesmoreadvanced,thedemandformoneywillbehigher.（）

A:False

B:True

答案:AWhichofthefollowingstatementsiscorrectintheKeynesianDemandFunctionofMoney?（）

A:Thevelocityofmoneywillremainconstant；

B:Therealincomeistypicallypositivelyassociatedwiththedemandformoney；

C:Thedemandformoneywillbeboostedupwheninterestrateincreases；

D:Whenaneconomyisintheliquiditytrap,monetarypolicyisstillvalid；

答案:BThechannelsthroughwhichmonetarypolicyaffectseconomicactivitiesarecalledthe（）

A:flowmechanismsofmonetarypolicy；

B:distributionmechanismsofmonetarypolicy；

C:allocationmechanismsofmonetarypolicy；

D:transmissionmechanismsofmonetarypolicy；

答案:DIntheassetpricechannel,lowerrealinterestratewilldriveupthebondprices,whichincontrastmakesthestockmoreattractiveforinvestors,thentheTobin’sQwillbe（）

A:indefinite

B:increasing；

C:remainingunchanged；

D:decreasing；

答案:BWhatwillbethedeterminingfactorsofmoneydemandaccordingtotheportfoliotheoryofmoneydemand?（）

A:Wealth；

B:liquidityofotherassets;

C:Income；

D:Interestrate；

答案:ABCDAccordingtotheKeynesianDemandFunctionofMoney,themotiveswhichdeterminethedemandforliquidityinclude（）

A:transactionsmotive；

B:speculativemotive

C:investmentmotive；

D:precautionarymotive；

答案:ABDSince1998Chinahassteppedintothethirdstageofmonetarypolicy,accordingtothereformprocedures,thecorrectstatementsinthefollowingare（）

A:transitionfromquantitativemanagementtoprice-basedmanagementwasemphasized

B:centralizedallocationofcreditwasconducted

C:indirectmanagementofcreditprovisionwasimplemented

D:market-orientedreformshavebeenundertaken

答案:ACD第十章測試TheBOPistherecordoftheeconomicandfinancialflowsthattakeplaceoveraspecifiedtimeperiodbetweennon-residentsandnon-residentsofagivencountry.（）

A:True

B:False

答案:BConvertibilityisthemostimportantcharacteristicoftheforeignexchange.（）

A:False

B:True

答案:BInternationalexchangeresultsfromthecreditor’srightrelationshipcausedbyimportandexporttrade.（）

A:True

B:False

答案:ADirectquoteistheamountofforeigncurrencyperunitofdomesticcurrency.（）

A:False

B:True

答案:AThespotexchangemarketisamarketthatdealsinforeignexchangeforimmediatedelivery.Immediatedeliveryinforeigncurrenciesusuallymeanswithintwobusinessdays.（）

A:False

B:True

答案:BWithotherconditionsunchanged,therelationshipbetweenforwardexchangerateandinterestrateis().

A:Theforwardexchangerateofthecurrencywithhighinterestratewillappreciateinthefuture.

B:Theforwardexchangerateofthecurrencywithhighinterestrateswilldepreciateinthefuture.

C:Theforwardexchangerateofthecurrencywithlowinterestrateswillappreciateinthefuture.

D:Theforwardexchangerateofthecurrencywithlowinterestrateswilldepreciateinthefuture.

答案:BCWhichofthefollowinginterveningwaysofthecentralbankintheforeignexchangemarketareconsideredas‘indirectintervention’?（）

A:Anticipatory

B:Interestrate

C:Moneysupply

D:Sterilizedintervention

答案:ABCAsforChina,China’scapitalinflowswillcreatea__________foreigncurrencyanda__________CNY.()

A:Shortageof;demandof

B:Supplyof;demandof

C:Demandfor;supplyof

D:Supplyof;shortageof

答案:CWhichofthefollowingtransactionsisrecordedinthefinancialaccount?()

A:FordmotorcompanybuildsanewplantinChina.

B:AU.S.touristspendsmoneyonatriptoChina.

C:TheNewYorkYankeesarepaid$10millionbytheChinesetoplayanexhibitiongameinBeijing,China.

D:AChinesebusinessmaninvest10milliondollarsofequipmentintheU.S.tosetupajointventure.

答案:DAbankhasquotedaspotexchangerateofUSD/CHF1.6030-1.6040anda3-monthforwardspreadof120-130,thentheforwardexchangerateis().

A:1.7230-1.7340

B:1.5910-1.6910

C:1.6150-1.6170

D:1.4740-1.4830

答案:C第十一章測試China’sfinancialserviceisfullyopenedsinceApril1,2020（）

A:False

B:True

答案:BQDIIprogramstartedin2004.（）

A:True

B:False

答案:B“FourtrillionRMB”stimuluspackageledtoasurgeininvestmentdemand,whichisthemainreasonforChinatorelaxcapitalinflow.（）

A:True

B:False

答案:AChina’sChinn-Itoindexhasremainedunchangedsince1993.()

A:False

B:True

答案:BChinaismoreopenthanadvancedeconomies.()

A:False

B:True

答案:ACapitalaccountopening-upmayserveasacommitmentdevicetofinancialreforms.()

A:True

B:False

答案:AGreatercapitalaccountconvertibilitywillhelpRMBexpand.()

A:True

B:False

答案:BWhichofthefollowingarethereasonsforChina’smassivecapitaloutflowin2014-2016?（）

A:theShenzhen-HongKongStockConnect

B:theShanghai-HongKongStockConnect

C:expandedtheexistingQFII,QDIIandRQFIIprograms

D:“BeltandRoad”

答案:ABCDWhataretheshortcomingsofChina’sfinancialmarket（）

A:financialinstitutionshavelimitedincentivestoimproveproductsandservices

B:financialinstitutionshavelimitedforeigncompetition

C:financiallawsandregulationsaremorelikelytobetwisted

D:lenienttoexcessiveleveragingandrisk-taking

答案:ABCDWhendidChinaunveiltheShanghai-LondonStockConnectinmid-2019：（）

A:2021

B:2019

C:2018

D:2020

答案:BWhendidChinareformtheRMB-dollarcentralparitytomorecloselyalignwithprevioustradingday’sclosingprice?()

A:August12,2016

B:August11,2016

C:August11,2015

D:August12,2015

答案:C第十二章測試Creditboommayhappenwhenfinancialinnovationorfinanciallibe