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

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

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supply

quantitysupplied

D

3）Whenthepriceofabondisabovetheequilibriumprice,thereisexcess________inthebondmarketandthepricewill________.

A）demand;

rise

B）demand;

fall

C）supply;

D）supply;

C

4）Whenthepriceofabondisbelowtheequilibriumprice,thereisexcess________inthebondmarketandthepricewill________.

5）Whenthepriceofabondis________theequilibriumprice,thereisanexcesssupplyofbondsandthepricewill________.

A）above;

B）above;

C）below;

D）below;

B

6）Whenthepriceofabondis________theequilibriumprice,thereisanexcessdemandforbondsandthepricewill________.

7）Whentheinterestrateonabondisabovetheequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.

8）Whentheinterestrateonabondisbelowtheequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.

9）Whentheinterestrateonabondis________theequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.

demand;

supply;

D）above;

10）Whentheinterestrateonabondis________theequilibriuminterestrate,thereisexcess________inthebondmarketandtheinterestratewill________.

A）below;

B）below;

11）Whenthedemandforbonds________orthesupplyofbonds________,interestratesrise.

A）increases;

increases

B）increases;

decreases

C）decreases;

D）decreases;

12）Whenthedemandforbonds________orthesupplyofbonds________,interestratesfall.

13）Whenthedemandforbonds________orthesupplyofbonds________,bondpricesrise.

B）decreases;

D）increases;

14）Whenthedemandforbonds________orthesupplyofbonds________,bondpricesfall.

15）Factorsthatdeterminethedemandforanassetincludechangesinthe

A）wealthofinvestors.

B）liquidityofbondsrelativetoalternativeassets.

C）expectedreturnsonbondsrelativetoalternativeassets.

D）riskofbondsrelativetoalternativeassets.

E）alloftheabove.

E

16）Thedemandforanassetrisesif________falls.

A）riskrelativetootherassets

B）expectedreturnrelativetootherassets

C）liquidityrelativetootherassets

D）wealth

17）Thehigherthestandarddeviationofreturnsonanasset,the________theasset'

s________.

A）greater;

risk

B）smaller;

C）greater;

expectedreturn

D）smaller;

18）Diversificationbenefitsaninvestorby

A）increasingwealth.

B）increasingexpectedreturn.

C）reducingrisk.

D）increasingliquidity.

19）Inarecessionwhenincomeandwealtharefalling,thedemandforbonds________andthedemandcurveshiftstothe________.

right

left

20）Duringbusinesscycleexpansionswhenincomeandwealtharerising,thedemandforbonds________andthedemandcurveshiftstothe________.

21）Higherexpectedinterestratesinthefuture________thedemandforlong-termbondsandshiftthedemandcurvetothe________.

A）increase;

B）increase;

C）decrease;

D）decrease;

22）Lowerexpectedinterestratesinthefuture________thedemandforlong-termbondsandshiftthedemandcurvetothe________

left.

right.

23）Whenpeoplebegintoexpectalargestockmarketdecline,thedemandcurveforbondsshiftstothe________andtheinterestrate________.

A）right;

B）right;

C）left;

D）left;

24）Whenpeoplebegintoexpectalargerunupinstockprices,thedemandcurveforbondsshiftstothe________andtheinterestrate________.

25）Anincreaseintheexpectedrateofinflationwill________theexpectedreturnonbondsrelativetothaton________assets,andshiftthe________curvetotheleft.

A）reduce;

financial;

demand

B）reduce;

real;

C）raise;

D）raise;

26）Adecreaseintheexpectedrateofinflationwill________theexpectedreturnonbondsrelativetothaton________assets.

financial

real

27）Whentheexpectedinflationrateincreases,thedemandforbonds________,thesupplyofbonds________,andtheinterestrate________.

increases;

decreases;

C）increases;

28）Whentheexpectedinflationratedecreases,thedemandforbonds________,thesupplyofbonds________,andtheinterestrate________.

29）Whenbondpricesbecomemorevolatile,thedemandforbonds________andtheinterestrate________.

30）Whenbondpricesbecomelessvolatile,thedemandforbonds________andtheinterestrate________.

31）Whenpricesinthestockmarketbecomemoreuncertain,thedemandcurveforbondsshiftstothe________andtheinterestrate________.

32）Whenstockpricesbecomelessvolatile,thedemandcurveforbondsshiftstothe________andtheinterestrate________.

33）Whenbondsbecomemorewidelytraded,andasaconsequencethemarketbecomesmoreliquid,thedemandcurveforbondsshiftstothe________andtheinterestrate________.

34）Whenbondsbecomelesswidelytraded,andasaconsequencethemarketbecomeslessliquid,thedemandcurveforbondsshiftstothe________andtheinterestrate________.

35）Factorsthatcausethedemandcurveforbondstoshifttotheleftinclude

A）anincreaseintheinflationrate.

B）anincreaseintheliquidityofstocks.

C）adecreaseinthevolatilityofstockprices.

D）alloftheabove.

E）noneoftheabove.

36）Factorsthatcausethedemandcurveforbondstoshifttotheleftinclude

A）adecreaseintheinflationrate.

B）anincreaseinthevolatilityofstockprices.

C）anincreaseintheliquidityofstocks.

E）onlyAandBoftheabove.

37）Duringaneconomicexpansion,thesupplyofbonds________andthesupplycurveshiftstothe________.

A）increases,left

B）increases,right

C）decreases,left

D）decreases,right

38）Duringarecession,thesupplyofbonds________andthesupplycurveshiftstothe________.

39）Anincreaseinexpectedinflationcausesthesupplyofbondsto________andthesupplycurvetoshifttothe________.

A）increase,left

B）increase,right

C）decrease,left

D）decrease,right

40）Whenthefederalgovernment'

sbudgetdeficitincreases,the________curveforbondsshiftstothe________.

41）Whenthefederalgovernment'

sbudgetdeficitdecreases,the________curveforbondsshiftstothe________.

42）Whentheinflationrateisexpectedtoincrease,theexpectedreturnonbondsrelativetorealassetsfallsforanygiveninterestrate;

asaresult,the________bondsfallsandthe________curveshiftstotheleft.

A）demandfor;

B）demandfor;

C）supplyof;

D）supplyof;

43）Whentheinflationrateisexpectedtoincrease,therealcostofborrowingdeclinesatanygiveninterestrate;

asaresult,the________bondsincreasesandthe____