金融市场与金融机构（原书第9版）题库chapter 5.docVIP

PAGE 23 Copyright ? 2018 Pearson Education, Inc. Financial Markets and Institutions, 9e (Mishkin) Chapter 5 How Do Risk and Term Structure Affect Interest Rates? 5.1 Multiple Choice 1) The risk structure of interest rates is A) the structure of how interest rates move over time. B) the relationship among interest rates of different bonds with the same maturity. C) the relationship among the terms to maturity of different bonds. D) the relationship among interest rates on bonds with different maturities. Answer: B Topic: Chapter 5.1 Risk Structure of Interest Rates Question Status: Previous Edition 2) Which of the following long-term bonds should have the lowest interest rate? A) Corporate Baa bonds B) U.S. Treasury bonds C) Corporate Aaa bonds D) Municipal bonds Answer: D Topic: Chapter 5.1 Risk Structure of Interest Rates Question Status: Previous Edition 3) Which of the following long-term bonds should have the highest interest rate? A) Corporate Baa bonds B) U.S. Treasury bonds C) Corporate Aaa bonds D) Municipal bonds Answer: A Topic: Chapter 5.1 Risk Structure of Interest Rates Question Status: Previous Edition 4) The risk premium on corporate bonds becomes smaller if A) the riskiness of corporate bonds increases. B) the liquidity of corporate bonds increases. C) the liquidity of corporate bonds decreases. D) the riskiness of corporate bonds decreases. E) either B or D of the above occur. Answer: E Topic: Chapter 5.1 Risk Structure of Interest Rates Question Status: Previous Edition 5) Bonds with relatively low risk of default are called A) zero coupon bonds. B) junk bonds. C) investment-grade bonds. D) none of the above. Answer: C Topic: Chapter 5.1 Risk Structure of Interest Rates Question Status: Previous Edition 6) Bonds with relatively high risk of default are called A) Brady bonds. B) junk bonds. C) zero coupon bonds. D) investment-grade bonds. Answer: B Topic: Chapter 5.1 Risk Structure of Interest Rates Question Sta