货币银行学 英文版 期末试卷.docVIP

江西财经大学09－10货币银行学 A Money supply models tend to focus on the monetary base rather than on reserves since Fed actions have no effect on reserves but have a predictable effect on the monetary base. Fed actions in general have little effect on reserves but have a predictable effect on the monetary base. Fed actions have a more predictable effect on the monetary base. none of the above. The price of a futures contract at the expiration date of the contract equals the price of the underlying asset. equals the price of the counterparty. equals the hedge position. equals the value of the hedged asset. If the liquidity effect is larger than the other effects, an increase in money growth will lower interest rates. raise interest rates. cause interest rates to rise initially but then fall below the initial level. cause interest rates to fall initially but then rise above the initial level. Deposit insurance attracts risk-prone entrepreneurs to the banking industry. encourages bank managers to take on greater risks than they otherwise would. reduces the incentives of depositors to monitor the riskiness of their banks’ asset portfolios. does all of the above. The _____ are the costs associated with deposit outflows, the _____ excess reserves banks will want to hold. lower; more higher; less higher; more None of the above, since deposit outflows cannot be anticipated. The formula linking the money supply to the monetary base is M ＝ m ＋ MB.. M ＝ m × MB. m ＝ M × MB. MB ＝ M ?Mm. If interest rates are expected to fall in the future, the demand for long-term bonds today _____ and the demand curve shifts to the _____. rises; right rises; left falls; right falls; left Money is defined as bills of exchange. anything that is generally accepted in payment for goods and services or in the repayment of debt. a risk-free repository of spending power. the unrecognized liability of governments. Federal reserve assets include