MishkinTBch米什金货币金融学题库 下载本文

内容发布更新时间 : 2024/6/16 1:25:15星期一 下面是文章的全部内容请认真阅读。

20) Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, nine million dollars in excess reserves, and faces a required reserve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars on deposit with the Federal Reserve. A) one B) two C) eight D) ten

Answer: C

Ques Status: Previous Edition

21) Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, one million dollars in required reserves, and faces a required reserve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars in excess reserves. A) one B) two C) nine D) ten

Answer: C

Ques Status: Previous Edition

22) Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, one million dollars in required reserves, and faces a required reserve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars on deposit with the Federal Reserve. A) one B) two C) eight D) ten

Answer: C

Ques Status: Previous Edition

23) Suppose that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Reserve, nine million dollars in excess reserves, and faces a required

reserve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars in required reserves. A) one B) two C) nine D) ten

Answer: A

Ques Status: Previous Edition

24) Suppose that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Reserve, nine million dollars in excess reserves, and faces a required

reserve ratio of ten percent. Given this information, we can say First National Bank has ________ million dollars in vault cash. A) one B) two C) nine D) ten

Answer: B

Ques Status: Previous Edition

25) The interest rate the Fed charges banks borrowing from the Fed is the A) federal funds rate. B) Treasury bill rate. C) discount rate. D) prime rate. Answer: C

Ques Status: Previous Edition

26) When banks borrow money from the Federal Reserve, these funds are called A) federal funds. B) discount loans. C) federal loans. D) Treasury funds. Answer: B

Ques Status: Previous Edition

14.3 Control of the Monetary Base

1) The monetary base minus currency in circulation equals A) reserves.

B) the borrowed base. C) the nonborrowed base. D) discount loans. Answer: A

Ques Status: Previous Edition

2) The monetary base minus reserves equals A) currency in circulation. B) the borrowed base. C) the nonborrowed base. D) discount loans. Answer: A

Ques Status: Previous Edition

3) High-powered money minus reserves equals A) reserves.

B) currency in circulation. C) the monetary base. D) the nonborrowed base. Answer: B

Ques Status: Previous Edition

4) High-powered money minus currency in circulation equals A) reserves.

B) the borrowed base. C) the nonborrowed base. D) discount loans. Answer: A

Ques Status: Previous Edition

5) Purchases and sales of government securities by the Federal Reserve are called A) discount loans.

B) federal fund transfers. C) open market operations. D) swap transactions. Answer: C

Ques Status: Previous Edition

6) When the Federal Reserve purchases a government bond from a bank, reserves in the banking system ________ and the monetary base ________, everything else held constant. A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases Answer: A

Ques Status: Previous Edition

7) When the Federal Reserve sells a government bond to a bank, reserves in the banking system ________ and the monetary base ________, everything else held constant. A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases Answer: D

Ques Status: Previous Edition

8) When a bank sells a government bond to the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant. A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases Answer: A

Ques Status: Previous Edition

9) When a bank buys a government bond from the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant. A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases Answer: D

Ques Status: Previous Edition

10) When the Fed buys $100 worth of bonds from First National Bank, reserves in the banking system

A) increase by $100.

B) increase by more than $100. C) decrease by $100.

D) decrease by more than $100. Answer: A

Ques Status: Previous Edition

11) When the Fed sells $100 worth of bonds to First National Bank, reserves in the banking system A) increase by $100.

B) increase by more than $100. C) decrease by $100.

D) decrease by more than $100. Answer: C

Ques Status: Previous Edition

12) If a person selling bonds to the Fed cashes the Fed's check, then reserves ________ and currency in circulation ________, everything else held constant. A) remain unchanged; declines B) remain unchanged; increases C) decline; remains unchanged D) increase; remains unchanged Answer: B

Ques Status: Previous Edition

13) The effect of an open market purchase on reserves differs depending on how the seller of the bonds keeps the proceeds. If the proceeds are kept in ________, the open market purchase has no effect on reserves; if the proceeds are kept as ________, reserves increase by the amount of the open market purchase. A) deposits; deposits B) deposits; currency C) currency; deposits D) currency; currency Answer: C

Ques Status: Previous Edition

14) The effect of an open market purchase on reserves differs depending on how the seller of the bonds keeps the proceeds. If the proceeds are kept in currency, the open market purchase ________ reserves; if the proceeds are kept as deposits, the open market purchase ________ reserves. A) has no effect on; has no effect on B) has no effect on; increases C) increases; has no effect on D) decreases; increases Answer: B

Ques Status: Previous Edition

15) When an individual sells a $100 bond to the Fed, she may either deposit the check she receives or cash it for currency. In both cases A) reserves increase.

B) high-powered money increases. C) reserves decrease.

D) high-powered money decreases. Answer: B

Ques Status: Previous Edition

16) If a member of the nonbank public sells a government bond to the Federal Reserve in exchange for currency, the monetary base will ________, but ________. A) remain unchanged; reserves will fall B) remain unchanged; reserves will rise

C) rise; currency in circulation will remain unchanged D) rise; reserves will remain unchanged Answer: D

Ques Status: Previous Edition

17) If a member of the nonbank public purchases a government bond from the Federal Reserve in exchange for currency, the monetary base will ________, but reserves will ________. A) remain unchanged; rise B) remain unchanged; fall C) rise; remain unchanged D) fall; remain unchanged Answer: D

Ques Status: Previous Edition

18) For which of the following is the change in reserves necessarily different from the change in the monetary base?

A) Open market purchases from a bank

B) Open market purchases from an individual who deposits the check in a bank C) Open market purchases from an individual who cashes the check D) Open market sale to a bank Answer: C

Ques Status: Previous Edition

19) When a member of the nonbank public withdraws currency from her bank account, A) both the monetary base and bank reserves fall. B) both the monetary base and bank reserves rise.

C) the monetary base falls, but bank reserves remain unchanged. D) bank reserves fall, but the monetary base remains unchanged. Answer: D

Ques Status: Previous Edition

20) When a member of the nonbank public deposits currency into her bank account, A) both the monetary base and bank reserves fall. B) both the monetary base and bank reserves rise.