江西财经大学
09－10学年第二学期期末考试试卷
试卷代码：12423C 授课课时：48课时
课程名称：货币银行学适用对象：国际学院学生
试卷命题人李静试卷审核人王耀德
Part I. This part has 20 Multiple Choice Questions and each one is worth 1 points. The total points for this part are 20 points. Please choose only one answer for each question.
1The Fed can exert more precise control over _____ than it can over _____.
(a)high-powered money; reserves
(b)high-powered money; the monetary base
(c)the monetary base; high-powered money
(d)reserves; high-powered money
2 A contract that requires the investor to sell securities on a future date is called a
a)short contract.
b)long contract.
c)hedge.
d)micro hedge.
3The fact that depositors cannot distinguish good from bad banks is a(n)
a)adverse selection problem.
b)moral hazard problem.
c)asymmetric information problem.
d)too-big-to-fail problem.
4Which of the following effects of a change in the money supply is most likely to affect the interest rate differently than the others?
a)The expected inflation effect
b)The income effect
c)The liquidity effect
d)The price level effect
5If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is
a)$8000.
b)$1200.
c)$1200.8.
d)$8400.
6 A _____ in _____ increases the money supply since it causes the _____ to rise.
a)decrease; reserve requirements; monetary base
b)rise; reserve requirements; money multiplier
c)rise; reserve requirements; monetary base
d)decrease; reserve requirements; money multiplier
7 A bank’s balance sheet
a)shows that total assets equals total liabilities plus equity capital.
b)lists sources and uses of bank funds.
c)indicates whether or not the bank is solvent.
d)does all of the above.
8 A commercial bank is classified as a depository institution because it
a)accepts deposits from individuals and institutions.
b)makes loans.
c)it is responsible for the conduct of monetary policy.
d)does both (a) and (b) of the above
9 A bank holding insufficient reserves can meet its reserve requirements by
a)borrowing federal funds.
b)borrowing from other banks.
c)selling secondary reserves.
d)all of the above.
10decrease in wealth
a)increases the demand for stocks.
b)increases the demand for bonds.
c)has no effect on bond demand.
