第4单元金融考试题西南财经大学天府学院Word文档格式.docx

1、 supply quantity supplied D3） When the price of a bond is above the equilibrium price, there is excess _ in the bond market and the price will _.A） demand; riseB） demand; fallC） supply;D） supply; C4） When the price of a bond is below the equilibrium price, there is excess _ in the bond market and th

2、e price will _.5） When the price of a bond is _ the equilibrium price, there is an excess supply of bonds and the price will _.A） above;B） above;C） below;D） below; B6） When the price of a bond is _ the equilibrium price, there is an excess demand for bonds and the price will _.7） When the interest r

3、ate on a bond is above the equilibrium interest rate, there is excess _ in the bond market and the interest rate will _.8） When the interest rate on a bond is below the equilibrium interest rate, there is excess _ in the bond market and the interest rate will _.9） When the interest rate on a bond is

4、 _ the equilibrium interest rate, there is excess _ in the bond market and the interest rate will _. demand; supply;D） above;10） When the interest rate on a bond is _ the equilibrium interest rate, there is excess _ in the bond market and the interest rate will _.A） below;B） below;11） When the deman

5、d for bonds _ or the supply of bonds _, interest rates rise.A） increases; increasesB） increases; decreasesC） decreases;D） decreases;12） When the demand for bonds _ or the supply of bonds _, interest rates fall.13） When the demand for bonds _ or the supply of bonds _, bond prices rise.B） decreases;D）

6、 increases;14） When the demand for bonds _ or the supply of bonds _, bond prices fall.15） Factors that determine the demand for an asset include changes in theA） wealth of investors.B） liquidity of bonds relative to alternative assets.C） expected returns on bonds relative to alternative assets.D） ri

7、sk of bonds relative to alternative assets.E） all of the above. E16） The demand for an asset rises if _ falls.A） risk relative to other assetsB） expected return relative to other assetsC） liquidity relative to other assetsD） wealth17） The higher the standard deviation of returns on an asset, the _ t

8、he assets _.A） greater; riskB） smaller;C） greater; expected returnD） smaller;18） Diversification benefits an investor byA） increasing wealth.B） increasing expected return.C） reducing risk.D） increasing liquidity.19） In a recession when income and wealth are falling, the demand for bonds _ and the de

9、mand curve shifts to the _. right left20） During business cycle expansions when income and wealth are rising, the demand for bonds _ and the demand curve shifts to the _.21） Higher expected interest rates in the future _ the demand for long-term bonds and shift the demand curve to the _.A） increase;

10、B） increase;C） decrease;D） decrease;22） Lower expected interest rates in the future _ the demand for long-term bonds and shift the demand curve to the _ left. right.23） When people begin to expect a large stock market decline, the demand curve for bonds shifts to the _ and the interest rate _.A） rig

11、ht;B） right;C） left;D） left;24） When people begin to expect a large run up in stock prices, the demand curve for bonds shifts to the _ and the interest rate _.25） An increase in the expected rate of inflation will _ the expected return on bonds relative to that on _ assets, and shift the _ curve to

12、the left.A） reduce; financial; demandB） reduce; real;C） raise;D） raise;26） A decrease in the expected rate of inflation will _ the expected return on bonds relative to that on _ assets. financial real27） When the expected inflation rate increases, the demand for bonds _, the supply of bonds _, and t

13、he interest rate _. increases; decreases;C） increases;28） When the expected inflation rate decreases, the demand for bonds _, the supply of bonds _, and the interest rate _.29） When bond prices become more volatile, the demand for bonds _ and the interest rate _.30） When bond prices become less vola

14、tile, the demand for bonds _ and the interest rate _.31） When prices in the stock market become more uncertain, the demand curve for bonds shifts to the _ and the interest rate _.32） When stock prices become less volatile, the demand curve for bonds shifts to the _ and the interest rate _.33） When b

15、onds become more widely traded, and as a consequence the market becomes more liquid, the demand curve for bonds shifts to the _ and the interest rate _.34） When bonds become less widely traded, and as a consequence the market becomes less liquid, the demand curve for bonds shifts to the _ and the in

16、terest rate _.35） Factors that cause the demand curve for bonds to shift to the left includeA） an increase in the inflation rate.B） an increase in the liquidity of stocks.C） a decrease in the volatility of stock prices.D） all of the above.E） none of the above.36） Factors that cause the demand curve

17、for bonds to shift to the left includeA） a decrease in the inflation rate.B） an increase in the volatility of stock prices.C） an increase in the liquidity of stocks.E） only A and B of the above.37） During an economic expansion, the supply of bonds _ and the supply curve shifts to the _.A） increases,

18、 leftB） increases, rightC） decreases, leftD） decreases, right38） During a recession, the supply of bonds _ and the supply curve shifts to the _.39） An increase in expected inflation causes the supply of bonds to _ and the supply curve to shift to the _.A） increase, leftB） increase, rightC） decrease,

19、 leftD） decrease, right40） When the federal governments budget deficit increases, the _ curve for bonds shifts to the _.41） When the federal governments budget deficit decreases, the _ curve for bonds shifts to the _.42） When the inflation rate is expected to increase, the expected return on bonds r

20、elative to real assets falls for any given interest rate; as a result, the _ bonds falls and the _ curve shifts to the left.A） demand for;B） demand for;C） supply of;D） supply of;43） When the inflation rate is expected to increase, the real cost of borrowing declines at any given interest rate; as a result, the _ bonds increases and the _