同济大学：《货币金融学》课程教学资源（试卷习题）Answers for Test Sample（参考答案）Chapter 1-10

Chapter 1 Money and Monetary System 1、Single Choice 1-5C、C、B、A、D 6-10A、C、B、A、D 2、Multiple Choice 1-5ABD、BCD、ABD、ACD、ABC 3 ShortAnswer Questions 1.Because of the rapid inflation in Brazil,the domestic currency,the real,is a poor store of value.Thus many people would rather hold dollars,which are a better store of value,and use them in their daily shopping. 2.The equipmentnecessary to set up the system is expensive,security of the information,and privacy concemns are issues that need to be addressed before an electronic payments system will be widely accepted. 3.The equipmentnecessary to set up the system is expensive,security of the information,and privacy concerns are issues that need to be addressed before an electronic payments system will be widely accepted

Chapter 1 Money and Monetary System 1、Single Choice 1-5 C、 C、 B、 A、 D 6-10 A 、C、 B、 A、 D 2、Multiple Choice 1-5 ABD、BCD、ABD、ACD、ABC 3、Short Answer Questions 1. Because of the rapid inflation in Brazil, the domestic currency, the real, is a poor store of value. Thus many people would rather hold dollars, which are a better store of value, and use them in their daily shopping. 2. The equipment necessary to set up the system is expensive, security of the information, and privacy concerns are issues that need to be addressed before an electronic payments system will be widely accepted. 3. The equipment necessary to set up the system is expensive, security of the information, and privacy concerns are issues that need to be addressed before an electronic payments system will be widely accepted

Chapter 2 Credit and Financial Instruments 1、Single Choice B、A、A、A、A、B、D、B 2、Multiple Choice BCE、ABCD、AB、ABC、ABD 3,Short Answer Questions 1.(1)commercial credit is between the business of trading of goods,goods provided in the form of credit,a typical way for the credit.A typical commercial credit consists of two simultaneous acts:buying and selling and lending. Commercial credit is a direct credit.Commercial credit has limitations in direction,scale,and maturity. (2)bank credit is a bank or other financial institutions to provide credit in the form of money,is an indirect credit.The bank credit broke through the limitation of the commercial credit in the direction,the scale and the time limit. Redemption:pay off the principal with interest at maturity ▣Liquidity Safety:risk of loss in investment Profitability:regular or irregular revenue

Chapter 2 Credit and Financial Instruments 1、Single Choice B、A、A、A、A、B、D、B 2、Multiple Choice BCE、ABCD、AB、ABC、ABD 3、Short Answer Questions 1. (1) commercial credit is between the business of trading of goods, goods provided in the form of credit, a typical way for the credit. A typical commercial credit consists of two simultaneous acts: buying and selling and lending. Commercial credit is a direct credit. Commercial credit has limitations in direction, scale, and maturity. (2) bank credit is a bank or other financial institutions to provide credit in the form of money, is an indirect credit. The bank credit broke through the limitation of the commercial credit in the direction, the scale and the time limit. 2.  Redemption : pay off the principal with interest at maturity  Liquidity  Safety: risk of loss in investment  Profitability: regular or irregular revenue

Chapter 3 Interest and Interest Rate 1、Single Choice 1-5A、C、C、A、A 6-10D、D、B、C、D 2、Multiple Choice ACD、BCD、BC、ABCD、AD 3 ShortAnswer Questions 1.Answer:Even though the nominal rate for the mortgage appears high,the real cost of borrowing the funds is-1%.Yes,under this circumstance it would be reasonable to make this purchase. 2.Answer:The expected return on bonds would decrease relative to other assets resulting in a decrease in the demand for bonds.The leftward shift of the bond demand curve results in a new lower equilibrium price for bonds

Chapter 3 Interest and Interest Rate 1、Single Choice 1-5 A、C、C、A、A 6-10 D、D、B、C、D 2、Multiple Choice ACD、BCD、BC、ABCD、AD 3、Short Answer Questions 1. Answer: Even though the nominal rate for the mortgage appears high, the real cost of borrowing the funds is -1%. Yes, under this circumstance it would be reasonable to make this purchase. 2. Answer: The expected return on bonds would decrease relative to other assets resulting in a decrease in the demand for bonds. The leftward shift of the bond demand curve results in a new lower equilibrium price for bonds

Chapter 4 The Economics of Financial Intermediary 1、Single Choice 1-5B、B、B、C、A 6-10C、A、D、A、B 2、Multiple Choice BCD、ABC、ABD、ABCD、ABCD 3.ShortAnswer Questions 1.(1)Features:Portfolio.Risk diversification.Expert financial.Economies of scale. (2)features:investmentfunds with a variety. 2.A:(1)banking financial institutions,including:the central bank.Commercial banks.Investment banks. (2)non-bank financial institutions,including:securities companies,insurance companies,credit cooperatives,trust companies,leasing companies,finance companies

Chapter 4 The Economics of Financial Intermediary 1、Single Choice 1-5 B、B、B、C、A 6-10 C、A、D、A、B 2、Multiple Choice BCD、ABC、ABD、ABCD、ABCD 3、Short Answer Questions 1. (1) Features: Portfolio. Risk diversification. Expert financial. Economies of scale. (2) features: investment funds with a variety. 2. A: (1) banking financial institutions, including: the central bank. Commercial banks. Investment banks. (2) non-bank financial institutions, including: securities companies, insurance companies, credit cooperatives, trust companies, leasing companies, finance companies

Chapter 5 Commercial Banks 1、Single Choice 1-5C、A、D、C、B 6-10A、B、B、C、C 2、Multiple Choice ABD、ABCD、AB、ABC、ACD 3,Short Answer Questions 4.Banks are not included in the bank's balance sheet and does not affect the total assets and liabilities of the business activities.In the narrow sense,the off-balance-sheetbusiness usually refers to some new business such as swap, forward rate agreement,option and bill issuance,which are generated in the financial innovation,and the traditional off-balance-sheet business includes traditional intermediate business such as acceptance.Agents and various types of credit guarantee,and other services. 5.In the financial system,the basic difference between commercial banks and other financial institutions is that commercial banks are the only institutions that can run deposits at present.By operating a currentaccount,a commercial bank can create a derivative deposit,thereby creating a currency,a process known as credit creation. Part of the preparation by the system and non-cash settlement system is the commercial bank credit creation of the two prerequisites,the impact of commercial bank credit creation factors are the base currency and money multiplier,both with the credit creation scale

Chapter 5 Commercial Banks 1、Single Choice 1-5 C、A、D、C、B 6-10 A、B、B、C、C 2、Multiple Choice ABD、ABCD、AB、ABC、ACD 3、Short Answer Questions 4. Banks are not included in the bank's balance sheet and does not affect the total assets and liabilities of the business activities. In the narrow sense, the off-balance-sheet business usually refers to some new business such as swap, forward rate agreement, option and bill issuance, which are generated in the financial innovation, and the traditional off-balance-sheet business includes traditional intermediate business such as acceptance. Agents and various types of credit guarantee, and other services. 5. In the financial system, the basic difference between commercial banks and other financial institutions is that commercial banks are the only institutions that can run deposits at present. By operating a current account, a commercial bank can create a derivative deposit, thereby creating a currency, a process known as credit creation. Part of the preparation by the system and non-cash settlement system is the commercial bank credit creation of the two prerequisites, the impact of commercial bank credit creation factors are the base currency and money multiplier, both with the credit creation scale

Chapter6 Central Banks 1、Single Choice 1-5A、C、B、C、D 6-10B、C、B、A、C 2、Multiple Choice ABC、ABCD、BD、BD、ACD 3.ShortAnswer Questions (1)Explain the principles for issuing currency? monopoly in issuing currency ●currency reserve ●flexibility (2)What has determined the type of central banks? Cultural element,economic factor and political factor

Chapter 6 Central Banks 1、Single Choice 1-5 A、C、B、C、D 6-10 B、C、B、A、C 2、Multiple Choice ABC、ABCD、BD、BD、ACD 3、Short Answer Questions (1)Explain the principles for issuing currency? monopoly in issuing currency currency reserve flexibility (2) What has determined the type of central banks? Cultural element、economic factor and political factor

Chapter 7 Financial Markets 1、Single Choice 1-5 ABAAC 6-10 AABCB 2、Multiple Choice BC、AD、BD、BCD、AB 3.Short Answer Questions (1)The expected return on bonds would decrease relative to other assets resulting in a decrease in the demand for bonds.The leftward shift of the bond demand curve results in a new lower equilibrium price for bonds

Chapter 7 Financial Markets 1、Single Choice 1-5 A B A A C 6-10 A A B C B 2、Multiple Choice BC、AD、BD、BCD、AB 3、Short Answer Questions (1) The expected return on bonds would decrease relative to other assets resulting in a decrease in the demand for bonds. The leftward shift of the bond demand curve results in a new lower equilibrium price for bonds

Chapter 8 Money Demand and Money Supply 1、Single Choice 1-5 ABBDB 6-10 CACAA 2、Multiple Choice ABC、AC、BCD、 3,Short Answer Questions (1)Both decrease. (2)transaction motive,prevention of motivation,speculative motive Chapter 9 Monetary Policy and Inflation 1、Choice Questions 1-5ACD、ABCD、C、B、AC 6-10B、ABDE、ABC、C、AC

Chapter 8 Money Demand and Money Supply 1、Single Choice 1-5 A B B D B 6-10 C A C A A 2、Multiple Choice ABC、AC、BCD、 3、Short Answer Questions (1) Both decrease. （2）transaction motive、prevention of motivation、speculative motive Chapter 9 Monetary Policy and Inflation 1、 Choice Questions 1-5 ACD、ABCD、C、B、AC 6-10 B、ABDE、 ABC、C、AC