货币银行学题库0001.docxVIP

Of the following measures of interest rates, which is considered by economists to be the most accurate The yield to maturity The coupon rate The current yield The yield on a discount basis Answer: A Question Status: Previous Edition To claim that a lottery winner who is to receive $1 million per year for twenty years has won $20 million ignores the concept of amortizing a loan. par value. deflation. discounting the future. face value. Answer: D Question Status: New If a security pays $110 next year and $121 the year after that, what is its yield to maturity if it sells for $200 9 percent 10 percent 11 percent 12 percent Answer: B Which of the following are true of simple loans A simple loan requires the borrower to repay the principal and interest at the maturity date. Commercial loans to businesses are often of this type. The borrower repays the loan by making the same payment every month. Both (a) and (b) of the above. Both (b) and (c) of the above. Answer: D Question Status: Previous Edition For simple loans, the simple interest rate is the yield to maturity. greater than less than equal to not comparable to Answer: C Question Status: Previous Edition With an interest rate of 5 percent, the present value of $100 next year is approximately $100. $105. $95. $90. Answer: C If $ is the amount payable in two years for a $1000 simple loan madetoday, the interest rate is percent. 5 percent. 10 percent. percent. 20 percent. Answer: B A loan that requires the borrower to makethe samepayment every period until the maturity date is called a simple loan. fixed-payment loan. discount loan. a same-payment loan. none of the above. Answer: B A coupon bond pays the owner of the bond the same amount every month until maturity date. the face value of the bond plus an interest payment once the maturity date has been reached. a fixed-interest payment every period and repays the face value at the maturity date. the face value at the maturity date. none of the above. Answer: C Which