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金融学练习2

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一 单项选择题

试题1

满分值:1.0分 状态:已答 实际得分:1.0分

Everything else held constant, Americans who love French wine benefit most from

a.a decrease in the dollar price of euros. b.an increase in the dollar price of euros. c.a constant dollar price for euros. d.a ban on imports from Europe.

[参] a.a decrease in the dollar price of euros.[我的答案] a.a decrease in the dollar price of euros.试题2

满分值:1.0分 状态:已答 实际得分:1.0分

If the price of a euro (the European currency) increases from $1.00 to $1.10, then, everything else heldconstant,

a.a European vacation becomes less expensive. b.a European vacation becomes more expensive. c. the cost of a European vacation is not affected. d.foreign travel becomes impossible.

[参] b.a European vacation becomes more expensive.[我的答案] b.a European vacation becomes more expensive.试题3

满分值:1.0分 状态:已答 实际得分:1.0分

American farmers who sell beef to Europe benefit most from

a.a decrease in the dollar price of euros. b.an increase in the dollar price of euros. c.a constant dollar price for euros.

d.a European ban on imports of American beef.[参] b.an increase in the dollar price of euros.[我的答案] b.an increase in the dollar price of euros.试题4

满分值:1.0分 状态:已答 实际得分:0.0分

Everything else held constant, a decrease in the value of the dollar relative to all foreign currencies meansthat the price of foreign goods purchased by Americans

a.increases b.decreases.

c.remains unchanged.

d.either increases, decreases, or remains unchanged.[参] a.increases[我的答案] b.decreases.试题5

满分值:1.0分 状态:已答 实际得分:1.0分

When in 1985 a British pound cost approximately $1.30, a Shetland sweater that cost 100 British poundswould have cost $130. With a weaker dollar, the same Shetland sweater would have cost

a.less than $130. b.more than $130.

c.$130, since the exchange rate does not affect the prices that American consumers pay for foreign goods.

d.$130, since the demand for Shetland sweaters will decrease to prevent an increase in price due to the stronger dollar.[参] b.more than $130.[我的答案] b.more than $130.试题6

满分值:1.0分 状态:已答 实际得分:1.0分

From 1980 to 1985 the dollar appreciated relative to the British pound. Holding everything else constant, onewould expect that, when compared to 1980,

a.fewer Britons traveled to the United States in 1985. b.Britons imported more wine from California in 1985. c.Americans exported more wheat to England in 1985. d.more Britons traveled to the United States in 1985.[参] a.fewer Britons traveled to the United States in 1985.[我的答案] a.fewer Britons traveled to the United States in 1985.试题7

满分值:1.0分 状态:已答 实际得分:1.0分

From 1980 to early 1985 the dollar ________ in value, thereby benefiting American ________.

a.appreciated; consumers b.appreciated, businesses c.depreciated; consumers d.depreciated, businesses[参] a.appreciated; consumers[我的答案] a.appreciated; consumers试题8

满分值:1.0分 状态:已答 实际得分:1.0分

Everything else held constant, a stronger dollar benefits ________ and hurts ________.

a.American businesses; American consumers b.American businesses; foreign businesses c.American consumers; American businesses d. foreign businesses; American consumers

[参] c.American consumers; American businesses[我的答案] c.American consumers; American businesses试题9

满分值:1.0分 状态:已答 实际得分:1.0分

Everything else held constant, a weaker dollar will likely hurt

a.textile exporters in South Carolina.

b.wheat farmers in Montana that sell domestically.

c.automobile manufacturers in Michigan that use domestically produced inputs. d.furniture importers in California.[参] d.furniture importers in California.[我的答案] d.furniture importers in California.试题10

满分值:1.0分 状态:已答 实际得分:1.0分

Which of the following is most likely to result from a stronger dollar?

a.U.S. goods exported aboard will cost less in foreign countries, and so foreigners will buy more of them. b.U.S. goods exported aboard will cost more in foreign countries and so foreigners will buy more of them. c.U.S. goods exported abroad will cost more in foreign countries, and so foreigners will buy fewer of them. d.Americans will purchase fewer foreign goods.

[参] c.U.S. goods exported abroad will cost more in foreign countries, and so foreigners will buy fewer of them.[我的答案] c.U.S. goods exported abroad will cost more in foreign countries, and so foreigners will buy fewer of them.试题11

满分值:1.0分 状态:已答 实际得分:1.0分

Everything else constant, a stronger dollar will mean that

a.vacationing in England becomes more expensive. b.vacationing in England becomes less expensive. c.French cheese becomes more expensive. d.Japanese cars become more expensive.

[参] b.vacationing in England becomes less expensive.[我的答案] b.vacationing in England becomes less expensive.试题12

满分值:1.0分 状态:已答 实际得分:1.0分

The market where one currency is converted into another currency is called the ________ market.

a.stock b.bond c.derivatives d.foreign exchange[参] d.foreign exchange[我的答案] d.foreign exchange试题13

满分值:1.0分 状态:已答 实际得分:1.0分

The price of one country’s currency in terms of another country’s currency is called the

a.exchange rate.

b.interest rate.

c.Dow Jones industrial average. d.prime rate.

[参] a.exchange rate.[我的答案] a.exchange rate.试题14

满分值:1.0分 状态:已答 实际得分:1.0分

American companies can borrow funds

a.only in U.S. financial markets. b.only in foreign financial markets. c.in both U.S. and foreign financial markets. d.only from the U.S. government.

[参] c.in both U.S. and foreign financial markets.[我的答案] c.in both U.S. and foreign financial markets.试题15

满分值:1.0分 状态:已答 实际得分:0.0分

Budget deficits are important because deficits

a.cause bank failures.

b.always cause interest rates to fall.

c. can result in higher rates of monetary growth. d.always cause prices to fall.

[参] c. can result in higher rates of monetary growth.[我的答案] a.cause bank failures.试题16

满分值:1.0分 状态:已答 实际得分:1.0分

Budgets deficits can be a concern because they might

a.ultimately lead to higher inflation. b.lead to lower interest rates.

c.lead to a slower rate of money growth. d.lead to higher bond prices.

[参] a.ultimately lead to higher inflation.[我的答案] a.ultimately lead to higher inflation.试题17

满分值:1.0分 状态:已答 实际得分:1.0分

A budget ________ occurs when government expenditures exceed tax revenues for a particular time period.

deficit surplus surge surfeit[参] deficit[我的答案] deficit

试题18满分值:1.0分 状态:已答 实际得分:1.0分

When tax revenues are greater than government expenditures, the government has a budget ________.

crisis deficit surplus revision[参] surplus[我的答案] surplus试题19

满分值:1.0分 状态:已答 实际得分:0.0分

________ policy involves decisions about government spending and taxation.

Monetary Fiscal Financial Systemic[参] Fiscal[我的答案] Financial试题20

满分值:1.0分 状态:已答 实际得分:1.0分

The organization responsible for the conduct of monetary policy in the United States is the

Comptroller of the Currency. U.S. Treasury.

Federal Reserve System. Bureau of Monetary Affairs.[参] Federal Reserve System.[我的答案] Federal Reserve System.试题21

满分值:1.0分 状态:已答 实际得分:1.0分

The management of money and interest rates is called ________ policy and is conducted by a nation’s________ bank.

monetary; superior fiscal; superior fiscal; central monetary; central[参] monetary; central[我的答案] monetary; central试题22

满分值:1.0分 状态:已答 实际得分:0.0分

Between 1950 and 1980 in the U.S., interest rates trended upward. During this same time period,

the rate of money growth declined. the rate of money growth increased.

the government budget deficit (expressed as a percentage of GNP) trended downward.

the aggregate price level declined quite dramatically.[参] the rate of money growth increased.[我的答案] the rate of money growth declined.试题23

满分值:1.0分 状态:已答 实际得分:1.0分

Countries that experience very high rates of inflation may also have

balanced budgets.

rapidly growing money supplies. falling money supplies. constant money supplies.

[参] rapidly growing money supplies.[我的答案] rapidly growing money supplies.试题24

满分值:1.0分 状态:已答 实际得分:1.0分

Evidence from the United States and other foreign countries indicates that

there is a strong positive association between inflation and growth rate of money over long periods of time. there is little support for the assertion that \"inflation is always and everywhere a monetary phenomenon.\" countries with low monetary growth rates tend to experience higher rates of inflation, all else being constant. money growth is clearly unrelated to inflation.

[参] there is a strong positive association between inflation and growth rate of money over long periods of time.[我的答案] there is a strong positive association between inflation and growth rate of money over long periods of time.试题25

满分值:1.0分 状态:已答 实际得分:1.0分

There is a ________ association between inflation and the growth rate of money ________.

positive; demand positive; supply negative; demand negative; supply[参] positive; supply[我的答案] positive; supply试题26

满分值:1.0分 状态:已答 实际得分:1.0分

Complete Milton Friedman’s famous statement, \"Inflation is always and everywhere a ________phenomenon.\"

recessionary discretionary repressionary monetary[参] monetary[我的答案] monetary试题27

满分值:1.0分 状态:已答 实际得分:1.0分

From 1950-2008 the price level in the United States increased more than ________.

twofold threefold sixfold ninefold[参] sixfold[我的答案] sixfold试题28

满分值:1.0分 状态:已答 实际得分:1.0分

If the CPI in 2004 is 200, and in 2005 the CPI is 180, the rate of inflation from 2004 to 2005 is

a.20%. b.10%. c.0%. -10%[参] -10%[我的答案] -10%试题29

满分值:1.0分 状态:已答 实际得分:1.0分

If the CPI is 120 in 1996 and 180 in 2002, then between 1996 and 2002, prices have increased by

a.180%. b.80%. c.60%. d.50%.[参] d.50%.[我的答案] d.50%.试题30

满分值:1.0分 状态:已答 实际得分:1.0分

If the price level increases from 200 in year 1 to 220 in year 2, the rate of inflation from year 1 to year 2 is

a.20%. b.10%. c.11%. d.120%.[参] b.10%.[我的答案] b.10%.试题31

满分值:1.0分 状态:已答 实际得分:1.0分

If the aggregate price level at time t is denoted by Pt, the inflation rate from time t - 1 to t is defined as

a. = (Pt - Pt - 1)/ Pt - 1. b. = (Pt + 1 - Pt - 1) /Pt - 1. c. = (Pt + 1 - Pt) /Pt. d. = (Pt - Pt - 1) /Pt.

[参] a. = (Pt - Pt - 1)/ Pt - 1.

[我的答案] a. = (Pt - Pt - 1)/ Pt - 1.试题32

满分值:1.0分 状态:已答 实际得分:1.0分

If real GDP in 2002 is $10 trillion, and in 2003 real GDP is $9.5 trillion, then real GDP growth from 2002 to2003 is

a.0.5%. b.5%. c.0%. d. -5%.[参] d. -5%.[我的答案] d. -5%.试题33

满分值:1.0分 状态:已答 实际得分:1.0分

If real GDP grows from $10 trillion in 2002 to $10.5 trillion in 2003, the growth rate for real GDP is

a.5%. b.10%. c.50%. d.0.5%.[参] a.5%.[我的答案] a.5%.试题34

满分值:1.0分 状态:已答 实际得分:1.0分

To calculate the growth rate of a variable, you will

a.calculate the percentage change from one time period to the next. b.calculate the difference between the two variables. c.add the ending value to the beginning value. d.divide the increase by the number of time periods.

[参] a.calculate the percentage change from one time period to the next.[我的答案] a.calculate the percentage change from one time period to the next.试题35

满分值:1.0分 状态:已答 实际得分:1.0分

The measure of the aggregate price level that is most frequently reported in the media is the ________.

a.GDP deflator b.producer price index c.consumer price index d.household price index[参] c.consumer price index[我的答案] c.consumer price index试题36

满分值:1.0分 状态:已答 实际得分:1.0分

When prices are measured in terms of fixed (base-year) prices they are called ________ prices.

a.nominal b.real

c.inflated d.aggregate[参] b.real[我的答案] b.real试题37

满分值:1.0分 状态:已答 实际得分:1.0分

If nominal GDP in 2001 is $9 trillion, and 2001 real GDP in 1996 prices is $6 trillion, the GDP deflator priceindex is

a.7. b.100. c.150. d.200.[参] c.150.[我的答案] c.150.试题38

满分值:1.0分 状态:已答 实际得分:1.0分

To convert a nominal GDP to a real GDP, you would use

a.the PCE deflator. b.the CPI measure. c.the GDP deflator. d.the PPI measure.

[参] c.the GDP deflator.[我的答案] c.the GDP deflator.试题39

满分值:1.0分 状态:已答 实际得分:1.0分

If your nominal income in 1998 is $50,000, and prices increase by 50% between 1998 and 2008, then tohave the same real income, your nominal income in 2008 must be

a.$50,000. b.$75,000. c.$100,000. d.$150,000.[参] b.$75,000.[我的答案] b.$75,000.试题40

满分值:1.0分 状态:已答 实际得分:1.0分

If your nominal income in 2002 was $50,000, and prices doubled between 2002 and 2008, to have the samereal income, your nominal income in 2008 must be

a.$50,000. b.$75,000. c.$90,000. d.$100,000.[参] d.$100,000.

[我的答案] d.$100,000.试题41

满分值:1.0分 状态:已答 实际得分:1.0分

GDP measured with constant prices is referred to as

a.real GDP. b.nominal GDP. c.the GDP deflator. d.industrial production.[参] a.real GDP.[我的答案] a.real GDP.试题42

满分值:1.0分 状态:已答 实际得分:1.0分

Nominal GDP is output measured in ________ prices while real GDP is output measured in ________ prices.

a.current; current b.current; fixed c.fixed; fixed d.fixed; current[参] b.current; fixed[我的答案] b.current; fixed试题43

满分值:1.0分 状态:已答 实际得分:1.0分

When the total value of final goods and services is calculated using current prices, the resulting measure isreferred to as

a.real GDP. b.the GDP deflator. c.nominal GDP.

d.the index of leading indicators.[参] c.nominal GDP.[我的答案] c.nominal GDP.试题44

满分值:1.0分 状态:已答 实际得分:1.0分

If an economy has aggregate output of $20 trillion, then aggregate income is

a.$10 trillion. b.$20 trillion. c.$30 trillion. d.$40 trillion.[参] b.$20 trillion.[我的答案] b.$20 trillion.试题45

满分值:1.0分 状态:已答 实际得分:1.0分

Which of the following items are not counted in U.S. GDP?

a.your purchase of a new Ford Mustang b.your purchase of new tires for your old car

c.GM's purchase of tires for new cars

d.a foreign consumer's purchase of a new Ford Mustang[参] c.GM's purchase of tires for new cars[我的答案] c.GM's purchase of tires for new cars试题46

满分值:1.0分 状态:已答 实际得分:1.0分

The gross domestic product is the

a.the value of all wealth in an economy.

b.the value of all goods and services sold to other nations in a year.

c.the market value of all final goods and services produced in an economy in a year. d.the market value of all intermediate goods and services produced in an economy in a year.[参] c.the market value of all final goods and services produced in an economy in a year.[我的答案] c.the market value of all final goods and services produced in an economy in a year.试题47

满分值:1.0分 状态:已答 实际得分:0.0分

The most comprehensive measure of aggregate output is

a.gross domestic product. b.net national product.

c.the stock value of the industrial 500. d.national income.

[参] a.gross domestic product.[我的答案] d.national income.

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