2024年3月22日发(作者：)

米什金货币金融学英文版习题答案

chapter4英文习题

Economics of Money, Banking, and Financial Markets, 11e,

Global Edition(Mishkin)Chapter 4The Meaning of Interest Rates

4.1Measuring Interest Rates

1) The concept of ________ is based on the common-sense

XXX.

A) present value

B) future value

C) interest

D) deflation

XXX:A

of Knowledge

2) The present value of an expected future payment ________

as the interest rate XXX) falls

B) rises

C) is constant

D) is unaffected

XXX:A

Thinking

3) An increase in the time to the promised future payment

________ the present value of XXX.

A) decreases

B) increases

C) has no effect on

D) is XXX

XXX:A

Thinking

4) With an interest rate of 6 percent, the present value of $100

next year is approximatelyA) $106.

B) $100.

C) $94.

D) $92.

Answer:C

Thinking

5) What is the present value of $500.00 to be paid in two

years if the interest rate is 5 percent?A) $453.51

B) $500.00

C) $476.25

D) $550.00