Exercises (Part 1 &2 )1．The principal lender-savers areA) governments B) businesses C) households D) foreigners.2. Which of the following can be described as direct finance?A) A corporation issues new shares of stock.B) People buy shares in a mutual fund.C) A pension fund manager buys a short-term corporate security in the secondary market.D) An insurance company buys shares of common stock in theover-the-counter markets.3. Which of the following can be described as indirect finance?A) You make a loan to your neighbor.B) A corporation buys a share of common stock issued by another corporation in the primary market.C) You buy a U.S. Treasury bill from the U.S. Treasury.D) You make a deposit at a bank.4. ________ work in the secondary markets matching buyers with sellers of securities.A) Dealers B) Underwriters C) Brokers D) security issuers5. The higher a security's price in the secondary market the ________ funds a firm can raise by selling securities in the ________ market.A) more; primary B) more; secondary C) less; primary D) less; secondary6. Of money's three functions, the one that distinguishes money from other assets is its function as aA) store of value B) unit of account.C) standard of deferred payment. D) medium of exchange.7. The currency component includes paper money and coins held inA) bank vaults B) ATMsC) the hands of the nonbank public D) the central bank8. The M1 measure of money includesA) small denomination time deposits. B) traveler's checks.C) money market deposit accounts. D) money market mutual fund shares.9. A credit market instrument that requires the borrower to make the same payment every period until the maturity date is known as aA) simple loan B) fixed-payment loanC) coupon bond D) discount bond.10 .All of the following are examples of coupon bonds exceptA) Corporate bonds B) U.S. Treasury billsC) U.S. Treasury notes D) U.S. Treasury bonds11. Everything else held constant, if the expected return on U.S. Treasury bonds falls from 8 to 7 percent and the expected return on corporate bonds falls from 10 to 8 percent, then the expected return of corporate bonds ________ relative to U.S. Treasury bonds and the demand for corporate bonds ________.A) rises; rises B) rises; falls C) falls; rises D) falls; falls12.When the price of a bond is above the equilibrium price, there is an excess ________ bonds and price will ________.A) demand for; rise B) demand for; fallC) supply of; fall D) supply of; rise13. Everything else held constant, if interest rates are expected to fall in the future, the demand for long-term bonds today ________ and the demand curve shifts to the ________.A) rises; right B) rises; left C) falls; right D) falls; left14.A factor that could cause the supply of bonds to shift to the right is:A) a decrease in government budget deficits.B) a decrease in expected inflation.C) a recession.D) a business cycle expansion.15. The Bush tax cut reduced the top income tax bracket from 39% to 35% over a ten-year period. Supply and demand analysis predicts the impact of this change was a ________ interest rate on municipal bonds and a ________ interest rate on Treasury bonds.A) higher; lower B) lower; lowerC) higher; higher D) lower; higher16. Financial markets promote greater economic efficiency by channeling funds from ________ to ________.A) investors; savers B) borrowers; saversC) savers; borrowers D) savers; lenders17. The price paid for the rental of borrowed funds (usually expressed asa percentage of the rental of $100 per year) is commonly referred to as A) inflation rate. B) exchange rate.C) interest rate. D) aggregate price level.18. Everything else held constant, a decline in interest rates will cause spending on housing toA) fall. B) remain unchanged.C) either rise, fall, or remain the same. D) rise.19. High interest rates might cause a corporation to ________ buildinga new plant that would provide more jobs.A) complete B) consider C) postpone D) contemplate20. Which of the following statements about the characteristics of debt and equity is false?A) They can both be long-term financial instruments.B) They can both be short-term financial instruments.C) They both involve a claim on the issuer's income.D) They both enable a corporation to raise funds.21. When I purchase ________, I own a portion of a firm and have the right to vote on issues important to the firm and to elect its directors. A) bonds B) bills C) notes D) stock22. Which of the following benefit directly from any increase in the corporation's profitability?A) a bond holder B) a commercial paper holderC) a shareholder D) a T-bill holder23. Which of the following is not a secondary market?A) foreign exchange market B) futures marketC) options market D) IPO market24. Which of the following is not included in the monetary aggregate M2?A) Currency B) bondsC) Traveler's checks D) Checking deposits25. A liquid asset isA) an asset that can easily and quickly be sold to raise cash.B) a share of an ocean resort.C) difficult to resell.D) always sold in an over-the-counter market.26. A financial market in which only short-term debt instruments are traded is called the ________ market.A) bond B) money C) capital D) stock27. Equity instruments are traded in the ________ market.A) money B) bond C) capital D) commodities28. U.S. Treasury bills are considered the safest of all money marketinstruments because there is no risk of ________.A) defeat B) default C) desertion D) demarcation29. A short-term debt instrument issued by well-known corporations is calledA) commercial paper. B) corporate bonds.C) municipal bonds. D) commercial mortgages.30. ________ are short-term loans in which Treasury bills serve as collateral.A) Repurchase agreements B) Negotiable certificates of depositC) Federal funds D) U.S. government agency securitiesTrue / False1. If expected profitability on making new investments by companies goes up affecting the supply of bonds, all things being equal, the rates on bonds should go down.2. Investors expect the rates on bonds to fall over the longer term. This should push rates down today, all things being equal.3. Unless a bond defaults, an investor cannot lose money investing in bonds.4. A coupon bond is purchased at a premium (higher than its face value) and is held to maturity, then the bond’s coupon rate is higher than its yield to maturity.5. Suppose recently the yield to maturity on the U.S. bonds decreased, then the return of U.S. bonds hold by Chinese government will decrease accordingly.6. U.S. Government bonds are default- free bonds.7. Both debit card and credit card are electronic money.8. NYSE-Euronext belongs to OTC market.9. If money supply increased, the interest rate must be lowered.10. If M2 increased quickly, the current CPI will also go up accordingly.。
《货币银行学》黄达练习题（14）第十六章国际金融体系一、填空题1、为保持国际交往的顺畅进行，需要国际间对货币支付引起的外汇、汇率以及外汇收支等一系列活动做出安排，这就构成了（国际货币体系）。
2、在国际金本位制度下，汇率波动的下限是铸币平价减去黄金运送费用，称为（黄金输入点）。
3、金汇兑本位体系适应了黄金供应不足的客观情况，可以说是国际货币体系突破（黄金约束）的开端。
4、1943年7月在美国召开了有44国参加的布雷顿森林会议，通过了（国际货币基金组织），也称为布雷顿森林协定。
5、布雷顿森林会议确立了二战后以（美元）为中心的国际货币体系。
6、（1971）年8月尼克松政府宣布停止向各国政府或中央银行按官价兑换黄金，布雷顿森林体系开始动摇。
7、香港联系汇率制度的优点是它的（自我稳定）机制使汇率稳定得到相当强的保证。
8、1930年5月在瑞士巴塞尔成立的（国际清算银行）是最早的国际金融机构。
9、基金组织的资金来源主要由会员国认缴的基金份额、（借入资金）和出售黄金收入组成。
10、特别提款权是基金组织于（1969）年创造的记账单位，在此之前的记账单位是美元。
11、1980年4月，国际货币基金组织通过了恢复中国（代表权）的决定。
12、世界银行集团由世界银行及其附属机构，国际开发协会和（国际金融公司）组成。
13、世界银行的主要业务活动是向发展中国家提供长期（生产性）贷款。
14、国际金融公司贷款期限一般在7-15年，利率较低，无须（政府）担保。
15、国际银行贷款利率一般由两部分组成，一部分是伦敦同业拆借利率（LIBOR），另一部分是（加息率）。
二、单项选择题1、按照1943年《国际货币基金组织协定》的规定，各国货币含金量变动超过多少时必须征得基金组织得批准。
（10%）2、特别提款权SDRS时一种记账单位，是国际货币基金组织于哪年创设的。
（1969 ）3、专门为处理一战后德国赔款支付问题而设立德国际金融机构是。
（世界银行）4、在国际货币基金组织种拥有最大表决权和否决权德国家是。
《货币银行学》课程习题集一、单选题1.某公司以延期付款方式销售给某商场一批商品，则该商场到期偿还欠款时，货币执行（ A ）职能。
A. 支付手段B. 流通手段C. 购买手段D. 贮藏手段2.在下列货币制度中“劣币驱逐良币律”出现在（C）。
A. 金本位制B. 银本位制C. 金银复本位制D. 金汇兑本位制3.我国最早的铸币金属是（A ）。
A. 铜B. 银C. 铁D. 贝4.我国本位币的最小规格是（C ）。
A. 1分 B. 1角C. 1元 D. 10元5.货币的本质特征是充当（B ）。
A. 特殊等价物B. 一般等价物C. 普通商品D. 特殊商品6.下列货币制度中，金银两种货币均各按其所含金属的实际价值任意流通的货币制度是（A ）。
A. 平行本位制 B. 双本位制C. 跛行本位制 D. 金汇兑本位制7.本票与汇票的区别之一是（A ）。
A. 是否需要承兑B. 是否有追索权C. 是否需要汇兑D. 是否有保证8.工商企业之间以赊销方式提供的信用是（A ）。
A. 商业信用B. 银行信用C. 消费信用D. 国家信用9.个人获得住房贷款属于（A）。
A. 商业信用B. 消费信用C. 国家信用 D. 补偿贸易10.国家货币管理部门或中央银行所规定的利率是（D ）。
A. 实际利率B. 市场利率C. 公定利率D. 官定利率11.西方国家所说的基准利率，一般是指中央银行的（ D ）。
A. 贷款利率B. 存款利率C. 市场利率D. 再贴现利率12.下列不属于直接金融工具的是（ A ）。
A. 可转让大额定期存单B. 公司债券C. 股票D. 政府债券13.在代销方式中，证券销售的风险由（B ）承担。
A. 经销商B. 发行人C. 监管者D. 购买者14.短期资金市场又称为（B ）。
A. 初级市场B. 货币市场C. 资本市场 D. 次级市场15.目前我国有（B）家证券交易所。
A. 1 B. 2 C. 3 D. 416.下列属于优先股股东权利范围的是（ C ）。
2023货币银行学习题及答案货币银行学习题一、名词解释 (共10题，每题4分)1、价值尺度，是指货币职能表现和衡量商品价值量大小的标准，也就是货币在表现商品价值(质的方面)和衡量商品价值量的大小(量的方面)时，发挥和执行价值尺度的职能。
2、流通手段，货币在商品流通中充当交换的媒介时，就发挥着流通手段的职能。
3、贮藏手段，当货币退出流通领域，被人们当作财富保存、收藏和积累起来时，货币就执行贮藏手段的职能。
4、支付手段，当货币作为独立的价值形式，作单方面的价值转移时，就执行支付手段职能。
5、世界货币，当货币超越出国界，在世界市场上发挥一般等价物的作用时，执行世界货币职能。
6、金本位制是指以黄金作为本位货币的货币制度。
7、货币制度，简称币制，是指国家用法律形式确定的货币流通的结构和组织形式。
8、银本位制是最早货币制度之一，它是指以白银作为本位币币材的一种货币制度。
9、金银复本位制是指以金、银两种金属同时作为币材的货币制度。
10、不兑现的信用货币制度，是一种不能兑换黄金、取消黄金保证的货币制度。
11、金属准备制度是指由国家集中储备货币金属，作为稳定货币和汇率的平准基金以及作为货币发行的准备金。
二、单项选择题 (共15题，每题1分)1、 C2、 D3、 D4、 D5、 A6、 A7、 C8、 D9、 A10、B11、A12、A13、C14、D15、B三、判断题 (共10题，每题1分)1、对2、错3、对4、对5、错6、错7、错8、错9、对10、错四、填空题 (共30空，每空1分)1、金本位制的具体形式分为：金币本位制、金块本位制和金汇兑本位制。
2、物物交换圆满实现必须满足两个基本条件：需求的双重巧合和时空的双重巧合。
3、10个商品相交换，物物交换的比率为45个，货币交换的比率为9个。
4、M2=M1+商业银行的定期存款和储蓄存款5、在商品经济中,货币执行着价值尺度、流通手段、支付手段、贮藏手段、世界货币五个职能。
