CFA论坛 - Powered by Discuz! Board

标题: Reading 24: Money, the Price Level, and Inflation - LOS g, [打印本页]

作者: mayanfang1 时间: 2009-1-15 15:10 标题: [2009]Session 5 - Reading 24: Money, the Price Level, and Inflation - LOS g,

Q1. In a recent economic forum meeting, Jason Federmeyer of the Bank of Detroit, and Lawrence Lobovsky of the Bank of Tulsa, were discussing the demand for money and how it has changed over the years. Federmeyer made the following two statements to Lobovsky:

Statement 1: Financial innovation has significantly affected the demand for money. The increased use of credit cards and debit cards, interest-bearing checking accounts, internet banking and even the large number of ATMs around the world have all helped to increase the demand for money above what it would have been if only the increase in real GDP were at work.

Statement 2: Although the quantity of money demanded is largely determined by interest rates, the supply of money is determined by the central bank and is independent of interest rates.

Are Statement 1 and Statement 2 as made by Federmeyer CORRECT?

Statement 1 Statement 2

A) Incorrect Incorrect

B) Correct Correct

C) Incorrect Correct

Q2. The demand for money curve represents the relationship between the quantity of money demanded and:

A) the quantity of money supplied.

B) short-term interest rates.

C) the price level.

作者: mayanfang1 时间: 2009-1-15 15:13

答案和详解如下：

Statement 2: Although the quantity of money demanded is largely determined by interest rates, the supply of money is determined by the central bank and is independent of interest rates.

Are Statement 1 and Statement 2 as made by Federmeyer CORRECT?

Statement 1 Statement 2

A) Incorrect Incorrect

B) Correct Correct

C) Incorrect Correct

Correct answer is C)

Overall, financial innovation has reduced the demand for money below what it would have been if only the increase in real GDP was at work. The demand for money is determined, for the most part, by interest rates. However, the quantity of money supplied is determined by the central bank and is independent of the interest rate.

Q2. The demand for money curve represents the relationship between the quantity of money demanded and:

A) the quantity of money supplied.

B) short-term interest rates.

C) the price level.

Correct answer is B)

The demand for money curve represents the relationship between short-term interest rates and the quantity of real money that households and firms demand to hold.

作者: fange520 时间: 2009-2-26 22:19

cb

作者: 风烈 时间: 2009-2-27 18:01

谢谢楼主～

作者: jacky_z 时间: 2009-3-9 00:22

Thanks

作者: sallmanns 时间: 2009-3-9 13:57

thx

作者: connie198226 时间: 2009-3-19 09:20

good

作者: Michjay 时间: 2009-3-20 23:08

a

作者: Michjay 时间: 2009-3-20 23:42

a

作者: wangyoucao 时间: 2009-3-25 15:56

ding ding ding

作者: gladiator23 时间: 2009-3-26 15:41 标题: good

good

作者: hjl2000 时间: 2009-4-5 22:07

d

作者: gracesun 时间: 2009-4-11 23:17

 thanks

作者: 大狗狗 时间: 2009-4-20 19:41

k

作者: big36999 时间: 2009-4-22 12:00

thanks

作者: dullmul 时间: 2009-4-26 14:40

thx

作者: alecliang 时间: 2009-5-7 06:30

啊

作者: deqiang 时间: 2009-5-15 12:00

 ok

作者: duo1115 时间: 2009-5-16 15:30

see

作者: vivianegao 时间: 2009-5-19 04:21

 ok

作者: itispig2 时间: 2009-5-22 17:04

thanks

作者: youngfwang 时间: 2009-5-23 14:40

pp

作者: liwenlan 时间: 2009-5-23 22:03

kk

作者: szislet 时间: 2009-5-23 22:26

答CB

作者: fishto 时间: 2009-5-24 08:47

A

作者: rosemarie 时间: 2009-5-25 10:59

[em01]

作者: helloalan 时间: 2009-5-27 14:28

 cb

作者: au_cafe 时间: 2009-5-28 12:56

 b

作者: ray0106 时间: 2009-5-31 00:16

D

作者: rockuk 时间: 2009-6-6 00:43

 CB

作者: baodexi 时间: 2009-6-11 12:36

谢谢

作者: louis921 时间: 2009-6-13 11:01

888

作者: cracy2749 时间: 2009-6-15 20:34

B

作者: bjms912224 时间: 2009-6-16 14:19

 ab

作者: ch_914 时间: 2009-7-21 18:22

thanks

作者: lamchoonho 时间: 2009-8-29 21:53

  thanks

作者: luodan0103 时间: 2009-9-4 14:22

thanks

作者: buy1get1free 时间: 2009-9-15 11:02

 gd

作者: loyalvirgo 时间: 2009-9-16 22:34

cb

作者: tobuketsu 时间: 2009-9-19 22:59 标题: re

 th

作者: huili_zee 时间: 2009-10-5 11:38

d

作者: wenganyang 时间: 2009-10-7 01:05

sadf

作者: jzwx 时间: 2009-10-9 11:31

thanks

作者: garmun 时间: 2009-10-14 21:21

 tq

作者: dreamkhole 时间: 2009-11-5 03:53

thanks

作者: doralin 时间: 2009-11-6 16:22

[em50]

作者: haisian 时间: 2009-11-11 20:44

O(∩_∩)O谢谢

作者: luqian55 时间: 2009-11-11 20:53

O(∩_∩)O谢谢

作者: xuejingcindy 时间: 2009-11-14 04:47

thx

作者: tomathome 时间: 2009-11-17 10:53

cb

作者: snowmen1984 时间: 2009-11-17 11:20

cb

作者: frych 时间: 2009-11-17 16:48

 vgh

作者: mellsa 时间: 2009-11-18 17:34

fff

作者: xmwang 时间: 2009-11-20 05:51

d

作者: florent1984 时间: 2009-11-22 23:18

看看

作者: solitute 时间: 2009-11-23 15:52

thanks

作者: guopeng00304024 时间: 2009-11-24 13:00

d

作者: rockmelon 时间: 2009-11-30 22:04

re

作者: supercatqb 时间: 2009-12-1 15:45

 c,b

作者: yangyanghj 时间: 2009-12-2 03:30

[em57]

作者: hehansheng 时间: 2009-12-2 15:22

thx

作者: sandracw 时间: 2009-12-2 19:54

thx

作者: jrxx99 时间: 2009-12-11 15:17

Q4. Which of the following is

作者: shwhana 时间: 2009-12-30 10:54

thx

作者: aidashelley 时间: 2010-1-8 16:51

 THANKS

作者: tkdark 时间: 2010-1-9 21:25

谢啦

作者: Sophie2009 时间: 2010-2-22 06:33

ykj

作者: lwtzwy 时间: 2010-3-3 12:02

3

作者: lingicer 时间: 2010-3-5 05:13

 cb

作者: lxq8581 时间: 2010-3-22 17:39

thanks

作者: tong611 时间: 2010-4-9 18:40

thx

作者: zhyue_2000 时间: 2010-4-15 14:13

thx

作者: aarongreen 时间: 2010-4-15 15:10

aa

作者: jhqhj 时间: 2010-4-24 16:17

cb

作者: jerrywang0 时间: 2010-5-4 11:48

qqq

作者: shuru1207 时间: 2010-5-7 05:34

thnx

作者: annyyu 时间: 2010-5-18 07:20

re

作者: chenxu200312 时间: 2010-5-23 03:34

d

作者: orcplayer 时间: 2010-9-21 03:46

看看

作者: ggdhd 时间: 2010-9-21 10:29

[em50]

作者: yamimiyato 时间: 2010-10-8 08:33

4

作者: leey52 时间: 2010-10-8 13:27

nice

作者: leey52 时间: 2010-10-10 12:21

nice

作者: seraphiris0116 时间: 2010-11-11 21:05

thanks

作者: sunzhenpeng 时间: 2010-11-15 10:05

 cb

作者: xwsh0325 时间: 2010-11-17 21:00

d

作者: spidermanyan 时间: 2010-11-18 17:29

啊

作者: jingh1981 时间: 2010-11-24 12:29

THX

作者: kinan 时间: 2011-1-14 21:52

thanks

欢迎光临 CFA论坛 (http://forum.theanalystspace.com/)