貨幣銀行學(xué) 題庫

貨幣銀行學(xué)題庫貨幣銀行學(xué)題庫貨幣銀行學(xué)題庫資料僅供參考文件編號(hào)：2022年4月貨幣銀行學(xué)題庫版本號(hào)：A修改號(hào)：1頁次：1.0審核：批準(zhǔn):發(fā)布日期：Ofthefollowingmeasuresofinterestrates,whichisconsideredbyeconomiststobethemostaccurateTheyieldtomaturityThecouponrateThecurrentyieldTheyieldonadiscountbasisAQuestionStatus:PreviousEditionToclaimthatalotterywinnerwhoistoreceive$1millionperyearfortwentyyearshaswon$20millionignorestheconceptofamortizingaloan.parvalue.deflation.discountingthefuture.facevalue.DQuestionStatus:NewIfasecuritypays$110nextyearand$121theyearafterthat,whatisitsyieldtomaturityifitsellsfor$2009percent10percent11percent12percentBWhichofthefollowingaretrueofsimpleloansAsimpleloanrequirestheborrowertorepaytheprincipalandinterestatthematuritydate.Commercialloanstobusinessesareoftenofthistype.Theborrowerrepaystheloanbymakingthesamepaymenteverymonth.Both(a)and(b)oftheabove.Both(b)and(c)oftheabove.DQuestionStatus:PreviousEditionForsimpleloans,thesimpleinterestrateis_____theyieldtomaturity.greaterthanlessthanequaltonotcomparabletoCQuestionStatus:PreviousEditionWithaninterestrateof5percent,thepresentvalueof$100nextyearisapproximately$100.$105.$95.$90.Cpercent.5percent.10percent.percent.20percent.BAloanthatrequirestheborrowertomakethesamepaymenteveryperioduntilthematuritydateiscalledasimpleloan.fixed-paymentloan.discountloan.asame-paymentloan.noneoftheabove.BAcouponbondpaystheownerofthebondthesameamounteverymonthuntilmaturitydate.thefacevalueofthebondplusaninterestpaymentoncethematuritydatehasbeenreached.afixed-interestpaymenteveryperiodandrepaysthefacevalueatthematuritydate.thefacevalueatthematuritydate.noneoftheabove.CWhichofthefollowingaretrueforacouponbondWhenthecouponbondispricedatitsfacevalue,theyieldtomaturityequalsthecouponrate.Thepriceofacouponbondandtheyieldtomaturityarenegativelyrelated.Theyieldtomaturityisgreaterthanthecouponratewhenthebondpriceisbelowtheparvalue.Alloftheabovearetrue.Only(a)and(b)oftheabovearetrue.DQuestionStatus:PreviousEditionThepriceofaconsolequalsthecouponpaymenttimestheinterestrate.equalsthecouponpaymentplustheinterestrate.equalsthecouponpaymentminustheinterestrate.equalsthecouponpaymentdividedbytheinterestrate.cannotbedetermined.DAconsolpaying$1annuallywhentheinterestrateis4percenthasapriceof$4.$20.$25.$100.$400.CWhichofthefollowing$1,000face-valuesecuritieshasthehighestyieldtomaturityA5percentcouponbondsellingfor$1,000A10percentcouponbondsellingfor$1,000A15percentcouponbondsellingfor$1,000A15percentcouponbondsellingfor$900DWhichofthefollowingbondswouldyouprefertobebuyingA$10,000face-valuesecuritywitha6percentcouponsellingfor$10,000A$10,000face-valuesecuritywitha7percentcouponsellingfor$10,000A$10,000face-valuesecuritywitha9percentcouponsellingfor$10,000A$10,000face-valuesecuritywitha10percentcouponsellingfor$10,000A$10,000face-valuesecuritywitha10percentcouponsellingfor$9,000EQuestionStatus:NewWhichofthefollowingbondswouldyouprefertobesellingA$10,000face-valuesecuritywitha6percentcouponsellingfor$10,000A$10,000face-valuesecuritywitha6percentcouponsellingfor$9,000A$10,000face-valuesecuritywitha6percentcouponsellingfor$11,000A$10,000face-valuesecuritywitha7percentcouponsellingfor$10,000A$10,000face-valuesecuritywitha7percentcouponsellingfor$9,000CAcreditmarketinstrumentthatpaystheownerthefacevalueofthesecurityatthematuritydateandnothingpriortotheniscalledasimpleloan.fixed-paymentloan.couponbond.discountbond.DExamplesofdiscountbondsinclude.Treasurybills..savingsbonds.zero-couponbonds.alloftheabove.only(a)and(b)oftheabove.DIfa$10,000face-valuediscountbondmaturinginoneyearissellingfor$5,000,thenitsyieldtomaturityis5percent.10percent.50percent.100percent.D3percent.20percent.25percent.percent.percent.DWhichofthefollowingaretrueforthecurrentyieldThecurrentyieldisdefinedastheyearlycouponpaymentdividedbythepriceofthesecurity.Theformulaforthecurrentyieldisidenticaltotheformuladescribingtheyieldtomaturityforaconsol.Thecurrentyieldwillbeacloseapproximationfortheyieldtomaturitythelongerthetimetomaturity,andthecloserthebondpricetoitsparvalue.Alloftheabovearetrue.Only(a)and(b)oftheabovearetrue.DThecurrentyield,whichequalsthecouponpaymentdividedbythepriceofacouponbond,isalessaccuratemeasureoftheyieldtomaturitythe______thematurityofthebondandthe______thepriceisfrom/totheparvalue.shorter;closershorter;fartherlonger;closerlonger;fartherBThe_____isabetterapproximationforthe_____,thenearerthebond’spriceistothebond’sparvalueandthelongerthematurityofthebond.currentyield;yieldtomaturitycurrentyield;couponrateyieldtomaturity;currentyieldyieldtomaturity;couponrateAThecurrentyieldona$10,000,10percentcouponbondsellingfor$5,000is30percent.33percent.60percent.20percent.DAproblemwiththeyieldondiscountbasisisthatit__________theyieldtomaturity,andthis__________increases,the___________thematurityofthediscountbond.understates;understatement;longerunderstates;understatement;shorteroverstates;overstatement;longeroverstates;overstatement;shorterapproximates;approximation;longerATheyieldonadiscountbasisofa90-day$1,000Treasurybillsellingfor$900is10percent.20percent.25percent.40percent.DAnequalincreaseinallbondinterestratesincreasesthepriceofafive-yearbondmorethanthepriceofaten-yearbond.increasesthepriceofaten-yearbondmorethanthepriceofafive-yearbond.decreasesthepriceofafive-yearbondmorethanthepriceofaten-yearbond.decreasesthepriceofaten-yearbondmorethanthepriceofafive-yearbond.increasesallbondpricesbythesamedollaramount.DThereturnona5percentcouponbondthatinitiallysellsfor$1,000andsellsfor$950nextyearis10percent.5percent.0percent.5percent.CWhichofthefollowingaregenerallytrueofallbondsTheonlybondwhosereturnequalstheinitialyieldtomaturityisonewhosetimetomaturityisthesameastheholdingperiod.Ariseininterestratesisassociatedwithafallinbondprices,resultingincapitallossesonbondswhosetermstomaturityarelongerthantheholdingperiods.Thelongerabond’smaturity,thesmalleristhesizeofthepricechangeassociatedwithaninterestratechange.Alloftheabovearetrue.Only(a)and(b)oftheabovearetrue.EThenominalinterestrateminustheexpectedrateofinflationdefinestherealinterestrate.isabettermeasureoftheincentivestoborro