upward-sloping yield curve ________
A: may
be an indication that interest rates are expected to increase.
B: may
incorporate a liquidity premium.
C: may
reflect the confounding of the liquidity premium with interest rate
expectations.
D: All
of the options are correct.
E: None
of the options are correct.
举一反三
- According<br/>to the expectations hypothesis, an upward-sloping yield curve implies<br/>that ________ A: interest<br/>rates are expected to remain stable in the future. B: interest<br/>rates are expected to decline in the future. C: interest<br/>rates are expected to increase in the future. D: interest<br/>rates are expected to decline first, then increase. E: interest<br/>rates are expected to increase first, then decrease.
- Ceteris<br/>paribus, the duration of a bond is positively correlated with the<br/>bond's ________ A: time<br/>to maturity. B: coupon<br/>rate. C: yield<br/>to maturity. D: All<br/>of the options are correct. E: None<br/>of the options are correct.
- A<br/>coupon bond that pays interest annually is selling at a par value of<br/>$1,000, matures in five years, and has a coupon rate of 9%. The yield<br/>to maturity on this bond is ________ A: 8.0%. B: 8.3%. C: 9.0%. D: 10.0%. E: None<br/>of the options are correct.
- Ceteris<br/>paribus, the duration of a bond is negatively correlated with the<br/>bond's ________ A: time<br/>to maturity. B: coupon<br/>rate. C: yield<br/>to maturity. D: coupon<br/>rate and yield to maturity. E: None<br/>of the options are correct.
- A<br/>coupon bond that pays interest semi-annually has a par value of<br/>$1,000, matures in seven years, and has a yield to maturity of 11%.<br/>The intrinsic value of the bond today will be ________ if the<br/>coupon rate is 8.8%. A: $922.78 B: $894.51 C: $1,075.80 D: $1,077.20 E: None<br/>of the options are correct.
内容
- 0
Assume that the inflation rate becomes much higher in the UK relative the US. This will place _______ pressure on the value of the British pound. Also, assume that interest rates in the UK begin to rise relative to interest rates in the US. The change in interest rates will place _______ pressure on the value of the British pound. A: upward;<br/>downward B: upward;<br/>upward C: downward;<br/>upward D: downward;<br/>downward
- 1
According to the pure expectations theory, an upward-sloping yield curve implies: A: interest rates are expected to decline in the future. B: interest rates are expected to increase in the future. C: longer-term bonds are riskier than short-term bonds.
- 2
Which<br/>of these states that the difference in interest rates between two<br/>countries is equal to the percentage difference between the forward<br/>exchange rate and the spot exchange rate?() A: Arbitrage<br/>equilibrium B: Relative<br/>purchasing power parity C: Absolute<br/>purchasing power parity D: Interest<br/>rate parity E: Cross-rate<br/>parity
- 3
To increase the money supply, the Fed could() A: sell<br/>government bonds. B: decrease<br/>the discount rate. C: increase<br/>the reserve requirement. D: None<br/>of the above is correct.
- 4
Which<br/>one of the following is consistent with a government’s policy<br/>objective to expand the level of economic activity?() A: An<br/>increase in taxation B: An<br/>increase in interest rates C: An<br/>increase in personal savings D: An<br/>increase in public expenditure