米什金货币金融学英文版习题答案chapter16英文习题.pdfVIP

米什金货币金融学英文版习题答案chapter16英文习题

EconomicsofMoney,Banking,andFinancialMarkets,11e,

GlobalEdition(Mishkin)Chapter16ToolsofMonetaryPolicy

16.1TheMarketforReservesandtheFederalFundsRate

1)Theinterestratechargedonovernightloansofreserves

betweenbanksisthe

A)primerate.

B)discountrate.

C)federalfundsrate.

D)Treasurybillrate.

Answer:C

AACSB:ReflectiveThinking

2)TheprimaryindicatoroftheFedsstanceonmonetary

policyis

A)thediscountrate.

B)thefederalfundsrate.

C)thegrowthrateofthemonetarybase.

D)thegrowthrateofM2.

Answer:B

AACSB:ReflectiveThinking

3)Thequantityofreservesdemandedequals

A)requiredreservesplusborrowedreserves.

B)excessreservesplusborrowedreserves.

C)requiredreservesplusexcessreserves.

D)totalreservesminusexcessreserves.

Answer:C

AACSB:ReflectiveThinking

4)Everythingelseheldconstant,whenthefederalfundsrate

is________theinterestratepaidonreserves,thequantityof

reservesdemandedriseswhenthefederalfundsrate________.

A)above,rises

B)above,falls

C)below,rises

D)below,falls

Answer:B

AACSB:AnalyticalThinking

5)Theopportunitycostofholdingexcessreservesisthe

federalfundsrate

A)minusthediscountrate.

B)plusthediscountrate.

C)plustheinterestratepaidonexcessreserves.

D)minustheinterestratepaidonexcessreserves.

Answer:D

AACSB:AnalyticalThinking

reserves,thedemandcurveforreservesis

A)vertical.

B)horizontal.

C)positivelysloped.

D)negativelysloped.

Answer:D

AACSB:AnalyticalThinking

7)Whenthefederalfundsra