货币银行学（又称货币金融学）试题

一、Please select a single correct answer

1 .Curb demand-pull inflation, it should be（ ） A Control the money supply B Lower wages C Monopoly D Reduce taxes 抑制拉动需求型的通胀，应该是 控制货币需求 较低的工资 垄断 减税

2、The rise in money supply growth is likely to cause

A. Low point of the economic cycle B. Economic recession C. Decline in the inflation rate D. Rise in the inflation rate 货币供应量增长的上升很可能导致 经济周期的低点 经济衰退 通胀率下降 通胀率上升

3、According to the liquidity preference theory, the interest rate is determined by the supply and demand of the ____

A. Bond B. Stock C. Output D. Currency

根据流动性偏好理论，利率是由供给和 ______需求决定的 证券 股票 出口 货币

4、Which of the following is not the function of money? A .Medium of exchange B. Unit of account C. Store of value D. Avoid risks 下列哪项不是钱的功能

交换媒介 记账单位 价值储藏 规避风险

5、What is yield to maturity?

A. A dollar paid to you one year from now is less valuable to you than a dollar paid to you today.

B. The interest rate that equates the present value of cash flow payments received from a debt instrument with its value today.

C. The interest rate that is adjusted by inflation D. Nominal interest rate 到期收益率是什么

从现在起一年给你一块钱价值低于今天给你一块钱 从债务工具的利率支付现金流量的现值等于其价值。 通胀调整利率 名义利率

6、What are the three policy tools in the Federal Reserve System? A. Economic growth, reserve requirements and discount rate B. Open market operations, discount rate and employment

C. Reserve requirements, discount rate and open market operations

D. Economic growth, stability of financial markets and economic growth 联邦储蓄系统的三个政策工具是什么？ 经济增长，准备金要求和折现率 公开市场操作，折现率和就业 准备金率，折现率和公开市场操作

经济增长，稳定金融市场和经济经济增长

7. A core of financial institutions and the financial system of a country's highest is A. Financial markets B. The Central Bank of

C. of the State Council D. Committee on Banking Supervision 一个国家的最高的金融机构和金融体系的核心是 金融市场 中央银行

国务院 银行业监督管理委员会

8. The various factors that determine the demand for money, the level of income and revenue for the length of time the demand for money are

A. positively correlated、 positively correlated B. negatively correlated、negatively correlated C. positively correlated、negatively correlated D. negatively correlated、positively correlated

决定货币需求的各种因素，收入水平和收益的时间长度，对货币的需求 正相关，正相关 负相关，负相关 正相关，负相关 负相关，正相关

9. Keynes thinks that interest rates are ____ related to the price of bonds. A. positively B. negatively C. unconcernedly D, uncertainly 凯恩斯认为，利率是与债券的价格______相关 正 负 无关 不确定

10. At present, which of the monetary policy that Western countries use more and is very flexible and effective? ( )

A. reserve requirements B. rediscount policy C. open market operations D. window guidance 目前，西方国家使用最多的是哪些非常灵活和有效的货币政策？ 准备金 再贴现政策 开放市场操作 窗口指导

11. If you purchase the bond for 2 years. The initial current yield is 10%.The Initial price is 1000.What is the price next year when interest rates rise from 10% to 20%? A、847.2 B、916.7 C、1000 D、1200

如果你购买了两年的债券，初始目前的收益率为10%，目前的价格为1000.当利率上升到10%—20%下一年的价格是多少？

12. What is not the function of financial intermediaries ? A. transaction costs B. risk sharing

C. asymmetric information D. financial regulation 哪个不是金融中介机构的功能？ 交易成本 风险承担 信息不对称 金融监管

13. Which is the relationship between the interest rate and bond price? A. Positive correlation B. Negative correlation C. None D. A or B 利率和债券是哪种关系？

正相关 负相关 没有 正相关或负相关

14. Which financial derivative are contracts that give the purchaser the right to buy or sell the underlying

financial instrument at a specified price within a specific period of time. A. Forward B. Futures C. Options D. Swaps

在一个指定价格在一段特定的时间内哪个金融衍生产品是给买方权利去买卖基础金融工具的合同？ 基金 期货 期权 信贷 二、Explain the terms

medium of exchange（Functions of Money）交换媒介

yield to maturity到期收益率

free-rider problem搭便车问题

financial derivatives金融衍生工具

demand-pull inflation需求拉动型通胀

三、Answer questions

1．Think of one example in which you have had to deal with the adverse selection problem. 举一个具体的例子：你不得不应对逆向选择的问题。

2. Why did cavemen not need money? 为什么野人不需要钱

3．If there is a decline in interest rates, which would you rather be holding, long-term bonds or short-term bonds? Why? Which type of bond has the greater interest-rate risk?

如果利率下降，你宁愿持有长期还是短期债券？为什么？那种债券的利率风险大？ 4．How can the existence of asymmetric information provide a rationale for government regulation of financial markets?

信息不对称的存在如何提供一个可靠的金融市场的政府监管？

5．Using both the liquidity preference framework and supply and demand for bonds framework, show why interest rates are procyclical (rising when the economy is expanding and falling during recessions).

使用流动性偏好框架和债券的供求框架来展示为什么利率是顺周期（当经济扩张时上升衰退时下降）

6. During Christmastime, when the public’s holdings of currency increase, what defensive open market operations typically occ …… 此处隐藏：6180字，全部文档内容请下载后查看。喜欢就下载吧 ……