The+Economics+of+Money+Banking+and+Financial+Markets+9e1Word文档下载推荐.docx
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moneymultiplier;
C)monetarybase;
moneymultiplier
D)moneymultiplier;
C
3)Theinterestratechargedonovernightloansofreservesbetweenbanksisthe
A)primerate.
B)discountrate.
C)federalfundsrate.
D)Treasurybillrate.
4)TheprimaryindicatoroftheFed'
sstanceonmonetarypolicyis
A)thediscountrate.
B)thefederalfundsrate.
C)thegrowthrateofthemonetarybase.
D)thegrowthrateofM2.
5)Thequantityofreservesdemandedequals
A)requiredreservesplusborrowedreserves.
B)excessreservesplusborrowedreserves.
C)requiredreservesplusexcessreserves.
D)totalreservesminusexcessreserves.
6)Everythingelseheldconstant,whenthefederalfundsrateis________theinterestratepaidonreserves,thequantityofreservesdemandedriseswhenthefederalfundsrate________.
A)above,rises
B)above,falls
C)below,rises
D)below,falls
19)Inthemarketforreserves,ifthefederalfundsrateisabovetheinterestratepaidonexcessreserves,anopenmarketsale________thesupplyofreservescausingthefederalfundsrateto________,everythingelseheldconstant.
A)decreases;
decrease
B)increases;
C)increases;
increase
D)decreases;
D
OpenMarketOperations
1)________arethemostimportantmonetarypolicytoolbecausetheyaretheprimarydeterminantofchangesinthe________,themainsourceoffluctuationsinthemoneysupply.
A)Openmarketoperations;
B)Openmarketoperations;
C)Changesinreserverequirements;
D)Changesinreserverequirements;
A
2)Openmarketpurchasesraisethe________therebyraisingthe________.
moneysupply
B)moneymultiplier;
monetarybase
D)monetarybase;
moneymultiplier
3)Openmarketpurchases________reservesandthemonetarybasethereby________themoneysupply.
A)raise;
lowering
B)raise;
raising
C)lower;
D)lower;
4)Openmarketsalesshrink________therebylowering________.
A)themoneymultiplier;
themoneysupply
B)themoneymultiplier;
reservesandthemonetarybase
C)reservesandthemonetarybase;
D)themoneybase;
themoneymultiplier
5)Openmarketsales________reservesandthemonetarybasethereby________themoneysupply.
6)Thetwotypesofopenmarketoperationsare
A)offensiveanddefensive.
B)dynamicandreactionary.
C)activeandpassive.
D)dynamicanddefensive.
7)Therearetwotypesofopenmarketoperations:
________openmarketoperationsareintendedtochangethelevelofreservesandthemonetarybase,and________openmarketoperationsareintendedtooffsetmovementsinotherfactorsthataffectthemonetarybase.
A)defensive;
dynamic
B)defensive;
static
C)dynamic;
defensive
D)dynamic;
8)Openmarketoperationsintendedtooffsetmovementsinnoncontrollablefactors(suchasfloat)thataffectreservesandthemonetarybasearecalled
A)defensiveopenmarketoperations.
B)dynamicopenmarketoperations.
C)offensiveopenmarketoperations.
D)reactionaryopenmarketoperations.
9)WhentheFederalReserveengagesinarepurchaseagreementtooffsetawithdrawalofTreasuryfundsfromtheFederalReserve,theopenmarketoperationissaidtobe
A)defensive.
B)offensive.
C)dynamic.
D)reactionary.
10)TheFederalOpenMarketCommitteemakestheFed'
sdecisionsonthepurchaseorsaleofgovernmentsecurities,butthesepurchasesorsalesareexecutedbytheFederalReserveBankof
A)Chicago.
B)Boston.
C)NewYork.
D)SanFrancisco.
27)IftheFedwantstotemporarilyinjectreservesintothebankingsystem,itwillengagein
A)arepurchaseagreement.
B)amatchedsale-purchasetransaction.
C)areverserepurchaseagreement.
D)anopenmarketsale.
DiscountPolicy
1)Discountpolicyaffectsthemoneysupplybyaffectingthevolumeof________andthe________.
A)excessreserves;
B)borrowedreserves;
C)excessreserves;
2)Thediscountrateis
A)theinterestratetheFedchargesonloanstobanks.
B)thepricetheFedpaysforgovernmentsecurities.
C)theinterestratethatbankschargetheirmostpreferredcustomers.
D)thepricebankspaytheFedforgovernmentsecurities.
3)ThemostcommontypeofdiscountlendingthattheFedextendstobanksiscalled
A)seasonalcredit.
B)secondarycredit.
C)primarycredit.
D)installmentcredit.
4)Themostcommontypeofdiscountlending,________creditloans,areintendedtohelphealthybankswithshort-termliquidityproblemsthatoftenresultfromtemporarydepositoutflows.
A)secondary
B)primary
C)temporary
D)seasonal
5)WhentheFedactsasalenderoflastresort,thetypeoflendingitprovidesis
A)primarycredit.
B)seasonalcredit.
C)secondarycredit.
6)TheFed'
sdiscountlendingisofthreetypes:
________isthemostcommoncategory;
________isgiventoalimitednumberofbanksinvacationandagriculturalareas;
________isgiventobanksthathaveexperiencedsevereliquidityproblems.
A)seasonalcredit;
secondarycredit;
primarycredit
B)secondarycredit;
seasonalcredit;
C)primarycredit;
secondarycredit
D)seasonalcredit;
primarycredit;
7)Thediscountrateis________kept________thefederalfundsrate.
A)always;
below
B)typically;
C)typically;
equalto
D)typically;
above
8)Thediscountratereferstotheinterestrateon
A)primarycredit.
B)secondarycredit.
C)seasonalcredit.
D)federalfunds.
19)ThemostimportantadvantageofdiscountpolicyisthattheFedcanuseitto
A)preciselycontrolthemonetarybase.
B)performitsroleaslenderoflastresort.
C)controlthemoneysupply.
D)punishbanksthathavedeficientreserves.
ReserveRequirements
1)Anincreasein________reducesthemoneysupplysinceitcausesthe________tofall.
A)reserverequirements;
B)reserverequirements;
C)marginrequirements;
D)marginrequirements;
2)Adecreasein________increasesthemoneysupplysinceitcausesthe________torise.
3)TheFederalReservehashadtheauthoritytovaryreserverequirementssincethe
A)1920s.
B)1930s.
C)1940s.
D)1950s.
4)Since1980,________aresubjecttoreserverequirements.
A)onlycommercialbanks
B)onlythememberinstitutionsoftheFederalReserve
C)onlynationallychartereddepositoryinstitutions
D)alldepositoryinstitutions
5)Fundsheldin________aresubjecttoreserverequirements.
A)allcheckabledeposits
B)allcheckableandtimedeposits
C)allcheckable,time,andmoneymarketfunddeposits
D)alltimedeposits
6)Thepolicytoolofchangingreserverequirementsis
A)themostwidelyused.
B)thepreferredtoolfromthebank'
sperspective.
C)nolongerused.
D)stillused,evenwithitsdisadvantages.
ThreePlayersintheMoneySupplyProcess
1)ThegovernmentagencythatoverseesthebankingsystemandisresponsiblefortheconductofmonetarypolicyintheUnitedStatesis
A)theFederalReserveSystem.
B)theUnitedStatesTreasury.
C)theU.S.GoldCommission.
D)theHouseofRepresentatives.
2)Individualsthatlendfundstoabankbyopeningacheckingaccountarecalled
A)policyholders.
B)partners.
C)depositors.
D)debtholders.
3)Thethreeplayersinthemoneysupplyprocessinclude
A)banks,depositors,andtheU.S.Treasury.
B)banks,depositors,andborrowers.
C)banks,depositors,andthecentralbank.
D)banks,borrowers,andthecentralbank.
4)Ofthethreeplayersinthemoneysupplyprocess,mostobserversagreethatthemostimportantplayeris
A)theUnitedStatesTreasury.
B)theFederalReserveSystem.
C)theFDIC.
D)theOfficeofThriftSupervision.
TheFed'
sBalanceSheet
1)Both________and________areFederalReserveassets.
A)currencyincirculation;
reserves
B)currencyincirculation;
governmentsecurities
C)governmentsecurities;
discountloans
D)governmentsecurities;
2)Themone
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