The Economics of Money Banking and Financial Markets 10E - Mishkin - TB chapter 6

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1、EconomicsofMoney,Banking,andFin.Markets,10e(Mishkin)Chapter6TheRiskandTermStructureofInterestRates6.1RiskStructureofInterestRates1)TheriskstructureofinterestratesisA)thestructureofhowinterestratesmoveovertime.B)therelationshipamonginterestratesofdifferentbondswiththesamematurity.C)therelationship

2、amongthetermtomaturityofdifferentbonds.D)therelationshipamonginterestratesonbondswithdifferentmaturities.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills2)Theriskthatinterestpaymentswillnotbemade,orthatthefacevalueofabondisnotrepaidwhenabondmaturesisA)interestraterisk.B)inflationr

3、isk.C)moralhazard.D)defaultrisk.Answer:DQuesStatus:PreviousEdition3)BondswithnodefaultriskarecalledA)flowerbonds.B)no-riskbonds.C)default-freebonds.D)zero-riskbonds.Answer:CQuesStatus:PreviousEdition4)Whichofthefollowingbondsareconsideredtobedefault-riskfree?A)MunicipalbondsB)Investment-gradebond

4、sC)U.S.TreasurybondsD)JunkbondsAnswer:CQuesStatus:PreviousEditionAACSB:Analyticskills28Copyright©2013PearsonEducation,Inc.5)U.S.governmentbondshavenodefaultriskbecauseA)theyarebackedbythefullfaithandcreditofthefederalgovernment.B)thefederalgovernmentcanincreasetaxestopayitsobligations.C)theyareba

5、ckedwithgoldreserves.D)theycanbeexchangedforsilveratanytime.Answer:BQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills6)Thespreadbetweentheinterestratesonbondswithdefaultriskanddefault-freebondsiscalledtheA)riskpremium.B)junkmargin.C)bondmargin.D)defaultpremium.Answer:AQuesStatus:PreviousEd

6、itionAACSB:Analyticskills7)Iftheprobabilityofabonddefaultincreasesbecausecorporationsbegintosufferlargelosses,thenthedefaultriskoncorporatebondswill________andtheexpectedreturnonthesebondswill________,everythingelseheldconstant.A)decrease;increaseB)decrease;decreaseC)increase;increaseD)increase;d

7、ecreaseAnswer:DQuesStatus:PreviousEditionAACSB:Reflectivethinkingskills8)Abondwithdefaultriskwillalwayshavea________riskpremiumandanincreaseinitsdefaultriskwill________theriskpremium.A)positive;raiseB)positive;lowerC)n