chương 5

Câu 1: Pieces of property that serve as a store of value are called

• A) assets.
• B) units of account.
• C) liabilities.
• D) borrowings

Câu 2: Of the four factors that influence asset demand, which factor will cause the demand for all assets to increase when it increases, everything else held constant?

• A) wealth
• B) expected returns
• C) risk
• D) liquidity

Câu 3: If wealth increases, the demand for stocks ________ and that of long-term bonds ________, everything else held constant.

• A) increases; increases
• B) increases; decreases
• C) decreases; decreases
• D) decreases; increases

Câu 4: Everything else held constant, a decrease in wealth

• A) increases the demand for stocks.
• B) increases the demand for bonds.
• C) reduces the demand for silver.
• D) increases the demand for gold.

Câu 5: An increase in an asset's expected return relative to that of an alternative asset, holding everything else constant, ________ the quantity demanded of the asset.

• A) increases
• B) decreases
• C) has no effect on
• D) erases

Câu 6: Everything else held constant, if the expected return on ABC stock rises from 5 to 10 percent and the expected return on CBS stock is unchanged, then the expected return of holding CBS stock ________ relative to ABC stock and the demand for CBS stock ________

• A) rises; rises
• B) rises; falls
• C) falls; rises
• D) falls; falls

Câu 7: Everything else held constant, if the expected return on U.S. Treasury bonds falls from 10 to 5 percent and the expected return on GE stock rises from 7 to 8 percent, then the expected return of holding GE stock ________ relative to U.S. Treasury bonds and the demand for GE stock ________

• A) rises; rises
• B) rises; falls
• C) falls; rises
• D) falls; falls

Câu 8: If housing prices are expected to increase, then, other things equal, the demand for houses will ________ and that of Treasury bills will ________

• A) increase; increase
• B) increase; decrease
• C) decrease; decrease
• D) decrease; increase

Câu 9: If stock prices are expected to drop dramatically, then, other things equal, the demand for stocks will ________ and that of Treasury bills will _______

• A) increase; increase
• B) increase; decrease
• C) decrease; decrease
• D) decrease; increase

Câu 10: Everything else held constant, if the expected return on RST stock declines from 12 to 9 percent and the expected return on XYZ stock declines from 8 to 7 percent, then the expected return of holding RST stock ________ relative to XYZ stock and demand for XYZ stock ________

• A) rses; rises
• B) rises; falls
• C) falls; rises
• D) falls; falls