曼昆《经济学原理》宏观第五版测试题库 29Word格式.docx

曼昆《经济学原理》宏观第五版测试题库 29Word格式.docx

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NAT:

AnalyticLOC:

TheroleofmoneyTOP:

Barter

MSC:

Definitional

2.Joewantstotradeeggsforsausage.Lashondawantstotradesausageforeggs.JoeandLashondahaveadouble-coincidenceofwants.

3.Theuseofmoneyallowstradetoberoundabout.

Money|Trade

4.Roundabouttradeisbeneficialforaneconomy.

5.Moneyallowspeopletospecializeinwhattheydobest,therebyraisingeveryone’sstandardofliving.

2REF:

Money

Interpretive

6.Whenmoneyfunctionsasaunitofaccount,thenitcannotbecommoditymoney.

FDIF:

29-1

7.Demanddepositsarebalancesinbankaccountsthatdepositorscanaccessbywritingacheck.

Demanddeposits

8.Accordingtoeconomists,acollectionofvaluablejewelsisnotmoney.

TheStudyofeconomics,andthedefinitionsofeconomics

TOP:

MoneyMSC:

9.Adebitcardismoresimilartoacreditcardthantoacheck.

10.Gary'

swealthis$1million.EconomistswouldsaythatGaryhas$1millionworthofmoney.

11.Marcputspricesonsurfboardsandskateboardsathissportinggoodsstore.Heisusingmoneyasaunitofaccount.

12.Sandraroutinelyusescurrencytopurchasehergroceries.Sheisusingmoneyasaunitofaccount.

13.Bottlesofveryfinewinearelessliquidthandemanddeposits.

Liquidity

14.U.S.dollarsareanexampleofcommoditymoneyandhidesusedtomaketradesareanexampleoffiatmoney.

Commoditymoney

15.WhentheSovietUnionbeganbreakingupinthelate1980s,cigarettesbeganreplacingtherubleasthemediumofexchangeeventhoughtherublewaslegaltender.Thecigarettesprovideanexampleoffiatmoney.

16.Inorderforcurrencytobewidelyusedasamediumofexchange,itissufficientforthegovernmenttodesignateitaslegaltender.

Currency

17.M1includessavingsdeposits.

Moneysupply

18.M2isbothlargerandmoreliquidthanM1.

Moneysupply|Liquidity

19.Creditcardsareamediumofexchange.

Mediumofexchange

20.Theseriesofbankfailuresin1907occurreddespitethecreationoftheFederalReservemanyyearsearlier.

29-2

FederalReserveSystem

21.FederalReservegovernorsaregivenlongtermstoinsulatethemfrompolitics.

MonetaryandfiscalpolicyTOP:

22.TheFederalReserveisaprivatelyoperatedcommercialbank.

23.TheFederalReservewascreatedin1913afteraseriesofbankfailuresin1907.

24.MembersoftheBoardofGovernorsareappointedbythepresidentoftheU.S.andconfirmedbytheU.S.Senate.

25.MonetarypolicyisdeterminedbyacommitteewhosevotingmembersincludeallthepresidentsoftheregionalFederalReserveBanks.

Monetaryandfiscalpolicy

FederalOpenMarketCommitteeMSC:

26.TheFederalReserveprimarilyusesopen-marketoperationstochangethemoneysupply.

29-3

Open-marketoperations

27.IftheFedbuysbondsintheopenmarket,themoneysupplydecreases.

Applicative

28.Bankscannotinfluencethemoneysupplyiftheyholdalldepositsinreserve.

Banks|Moneysupply

29.Banksstillcouldcontributetochangesinthemoneysupply,eveniftheywererequiredtoholdalldepositsinreserve.

Fractional-reservebanking

30.Ifbanksholdanyamountoftheirdepositsinreserve,thentheydonothavetheabilitytoinfluencethemoneysupply.

Reserves|Moneysupply

31.WhentheFederalReservedecreasesthediscountrate,thequantityofreservesincreasesandthemoneysupplyincreases.

Discountrate|Reserves|MoneysupplyMSC:

32.Themoneymultiplierequals1/（1-R）,whereRrepresentsthereserveratio.

Moneymultiplier

33.Assumethatwhen$100ofnewreservesenterthebankingsystem,themoneysupplyultimatelyincreasesby$625.Assumealsothatnobanksholdexcessreservesandthattheentiremoneysupplyconsistsofbankdeposits.If,atapointintime,reservesforallbanksamountto$500,thenatthatsamepointintime,loansforallbanksamountto$2,625.

3REF:

Analytical

34.Assumethatwhen$100ofnewreservesenterthebankingsystem,themoneysupplyultimatelyincreasesby$800.Assumealsothatnobanksholdexcessreservesandthattheentiremoneysupplyconsistsofbankdeposits.If,atapointintime,reservesforallbanksamountto$750,thenatthatsamepointintime,loansforallbanksamountto$6,000.

35.Asbankscreatemoney,theycreatewealth.

Banks|Money

36.ThemoneysupplyofHoobais$10,000ina100-percent-reservebankingsystem.IfHoobadecreasesthereserverequirementto10percent,themoneysupplycouldincreasebynomorethan$9,000.

37.IftheFeddecreasesreserverequirements,themoneysupplywillincrease.

Reserverequirements

38.Anincreaseinreserverequirementsincreasesreservesanddecreasesthemoneysupply.

39.JustaftertheterroristattackonSeptember11,2001,theFedstoodreadytolendfinancialinstitutionsfunds.WhentheFeddidthis,itwasactinginitsroleoflenderoflastresort.

Lenderoflastresort

40.Becauseofthemultipletoolsatitsdisposal,theFedcancontrolthemoneysupplyveryprecisely.

41.InthemonthsofNovemberandDecember,peopleintheUnitedStatesholdalargerpartoftheirmoneyintheformofcurrencybecausetheyintendtoshopandtravelfortheholidays.Asaresult,otherthingsthesamethemoneysupplyincreases.

Currency|Moneymultiplier

42.Otherthingsthesame,ifbanksdecidetoholdasmallerpartoftheirdepositsasexcessreserves,themoneysupplywillfall.

Reserves

43.BankrunsandtheaccompanyingincreaseinthemoneymultipliercausedtheU.S.moneysupplytoriseby28percentfrom1929to1933.

Banks|Moneymultiplier

SHORTANSWER

1.Economistsarguethatthemovefrombartertomoneyincreasedtradeandproduction.Howisthispossible?

Theuseofmoneyallowspeopletotra