答案如下
All of the following statements about the equilibrium interest rate are correct EXCEPT:
A) the equilibrium interest rate is the rate at which the quantity of funds demanded equals the quantity of funds supplied.
B) the equilibrium interest rate is the rate at which the demand and supply curves for funds intersect.
C) at the equilibrium interest rate, there is neither a surplus nor a shortage of funds.
D) the equilibrium interest rate for all borrowers equals the risk-free rate.
The correct answer was D) the equilibrium interest rate for all borrowers equals the risk-free rate.
The equilibrium interest rate is the rate at which the quantity of funds demanded equals the quantity of funds supplied. The intersection of the demand and supply curves is also the point at which the quantity of funds demanded equals the quantity of funds supplied. In equilibrium, there is neither a surplus nor a shortage of funds. The equilibrium interest rate will exceed the risk-free rate for all borrowers that have nonzero default risk.
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发表于 2006-4-3 12:27
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