the economics of money, banking, and financial markets
79 # © 2014 Pearson Canada Inc.# Explain the evolution of the payments system. Is the system headed towards a cashless society ...
80 # © 2014 Pearson Canada Inc.# Defining money becomes ____ difficult as the pace of financial innovation ____. A) less; quic ...
81 # © 2014 Pearson Canada Inc.# The currency component includes paper money and coins held in ____. A) bank vaults B) ATMs C) ...
82 # © 2014 Pearson Canada Inc.# Which of the following statements accurately describes the two measures of the money supply? ...
83 # © 2014 Pearson Canada Inc.# Which of the following is included in M2+ but not in M2? A) Personal deposits B) Demand depos ...
84 # © 2014 Pearson Canada Inc.# If an individual moves money from currency to a personal deposit account, ____. A) M1+ decrea ...
85 # © 2014 Pearson Canada Inc.# The decade during which the growth rates of monetary aggregates diverged the most is ____. A) ...
86 # © 2014 Pearson Canada Inc.# Weighting monetary components in a simple-sum aggregate index ____. A) has never been attempt ...
87 # © 2014 Pearson Canada Inc.# Economics of Money, Banking & Financial Markets, 5e (Mishkin) Chapter 4 Understanding Inter ...
88 # © 2014 Pearson Canada Inc.# With an interest rate of 6 percent, the present value of $100 next year is approximately ____ ...
89 # © 2014 Pearson Canada Inc.# Which of the following is true of fixed payment loans? A) The borrower repays both the princi ...
90 # © 2014 Pearson Canada Inc.# The ____ is the final amount that will be paid to the holder of a coupon bond. A) discount va ...
91 # © 2014 Pearson Canada Inc.# An $8,000 coupon bond with a $400 coupon payment every year has a coupon rate of ____. A) 5 p ...
92 # © 2014 Pearson Canada Inc.# A discount bond ____. A) pays the bondholder a fixed amount every period and the face value a ...
93 # © 2014 Pearson Canada Inc.# Economists consider the ____ to be the most accurate measure of interest rates. A) simple int ...
94 # © 2014 Pearson Canada Inc.# If $22,050 is the amount payable in two years for a $20,000 simple loan made today, the inter ...
95 # © 2014 Pearson Canada Inc.# The price of a coupon bond and the yield to maturity are ____ related; that is, as the yield ...
96 # © 2014 Pearson Canada Inc.# Which of the following $5,000 face-value securities has the highest yield-to maturity? A) A 6 ...
97 # © 2014 Pearson Canada Inc.# A coupon bond that has no maturity date and no repayment of principal is called a ____. A) co ...
98 # © 2014 Pearson Canada Inc.# If a perpetuity has a price of $500 and an annual interest payment of $25, the interest rate ...
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