文档介绍：Economics of Money, Banking, and Financial Markets, 11e, Global Edition (Mishkin)
Chapter 4 The Meaning of Interest Rates
4、1 Measuring Interest Rates
The concept of is based on the mon-sense notion that a dollar paid to you in the
future is less valuable to you than a dollar toda、y
present value
future value
interest
deflation
Answer: A
AACSB: Application of Knowledge
The present value of an expected future payment as the interest rate increa、ses
falls
rises
is constant
is unaffected
Answer: A
AACSB: Reflective Thinking
An increase in the time to the promised future payment the present value of the
payment、
decreases
increases
has no effect on
is irrelevant to
Answer: A
AACSB: Reflective Thinking
With an interest rate of 6 percent, the present value of $100 next year is approximately
$106、
$100、
$94、
$92、
Answer: C
AACSB: Analytical Thinking
What is the present value of $500、 00 to be paid in two years if the interest rate is 5 percent?
$453、51
$500、00
$476、25
$550、00
Answer: A
AACSB: Analytical Thinking
If a security pays $55 in one year and $133 in three years, its present value is $150 if the interest rate is
5 percent、
10 percent、
12、 5 percent、
15 percent、
Answer: B
AACSB: Analytical Thinking
To claim that a lottery winner who is to receive $1 million per year for twenty years has won $20 million ignores the process of
face value、
par value、
deflation、
discounting the future、
Answer: D
AACSB: Analytical Thinking
A credit market instrument that provides the borrower with an amount of funds that must be repaid at the maturity date along with an interest payment is known as a
simple loan、
fixed-payment loan、
coupon bond、
discount bond、
Answer: A
AACSB: Application of Knowledge
A credit market instrument that requires the borrower to make the same payment every period until the maturity date is known as a
simple loan、
fixed-payment loan、
coupon bond、
discount bond、
Answer: B
AACSB: Applicat