TRẮC NGHIỆM TÀI CHÍNH TIỀN TỆ

It is believed that Central banks are first set up to serve the role of:

• The government's bank to stabilize its domestic economy.

• The government's bank to finance war.

• The banker's bank to issue notes to everyone.

• The banker's bank to finance investments.

Central bank is the natural place for inter-bank payments to be settled for all the following reasons, EXCEPT:

• This is a legally requirement in international practice.

• All banks have their accounts at the central bank

• To ensure the reliability and transparency of all transactions.

• This has become a common practice for all banks.

The earliest central banks were mostly recorded in which region?

• Africa

• Asia

• Amerrica

• Europe

A credit market instrument that pays the owner a fixed coupon payment every year until the maturity date and then repays the face value is called a

• Simple Loan

• Fixed-payment loan

• Counpon Bond

• Discount Bond

According to the Simple model of Multiple Deposit Creation: if the required reserve ratio is 10%, the deposit multiplier is

• 10

• 100

• 1

• 0.1

.... is the total collection of a person's property while ..... is used to make purchases.

• Wealth; income

• Money; income

• Income; money

• Wealth; money

Fed uses ........... to control the maximum interest rate and ............. to control the minimum interest rate on the market for reserves.

• Discount rate/interest rate paid on excess reserves

• Interest rate paid on excess reserves/ discount rate

• Federal fund rate/ discount rate

• Discount rate/ Federal fund rate

Choose one correct example of "direct finance":

• An insurance company buys shares of common stock in the over-the-counter markets.

• People buy shares in a mutual fund.

• People buy shares in a mutual fund.

• A corporation issues new shares of stock

In an open market operation purchase (e.g. Fed buys bonds from a bank): banking system's reserves ............ and the monetary base ...............

• Decrease/ increases

• Increase/ increases

• Decrease/ Decreases

• Increase/ Decrease

When someone buys ......., that person will own a portion of a company and may get the right to vote on important issues (like management election).

• Bills

• Stock

• Notes

• Bonds