五題與債券相關的問題 - 經濟

來源：94年度政大風管

科目：經濟學

問題：跟債券有關，特別用黃色標起來的是參考書的解答。



1.When an economy gros out of recession, normally the demand for bonds _____

and the suppy of bonds _____ .

(A)increases; increases　(B)increases; decreases

(C)decreases; decreases　(D)decreases; increases

這題的題目，我看不太懂，

「out of recession」是指已經脫離衰退，還是正在衰退期間呢？



2.When prices in the art market become less uncertain,

(A)the demand curve for bonds shifts to the left and the interest rate rises.

(B)the demand curve for bonds shifts to the left and the interest rate falls.

(C)the demand curve for bonds shifts to the right and the interest rate falls.

(D)the supply curve for bonds shifts to the right and the interest rate falls.

這題我的想法是：藝術品與債券互為替代品，故藝術品市場之不確定性減少，

藝術品的需求增加，債券需求減少。但債券需求減少會導致利率下降嗎？



3.An increase in the expected rate of inflation causes demand for bonds to

_____ and the demand curve to shift to the _____.

(A)fall; right (B)fall; left (C) rise; right (D)rise; left

這題後面那格比較簡單，預期未來通貨膨脹，則本期消費增加，AD右移，

(B)、(D)就不可能選了，但前面那格要怎麼選呢？



4.Factors that can cause the supply curve for bonds shift to the right include

(A)an expansion in overall economic activity.

(B)an increase in expexted inflaction.

(C)an increase in government deficits.

(D)all of the above.

(E)only (A) and (B) of above.

這題……真的不會。



5.In Keynes's liquidity preference framework,

(A)the demand fot bonds must equal the supply of money.

(B)the demand for money must equal the supply of bonds.

(C)an excess demand of bonds implies an excess demand for money.

(D)an excess supply of bonds implies an excess demand for money.

凱因斯流動性偏好學說好像沒有特別提到債券，

這題我也不曉得解答為什麼是這個答案……



先謝謝大家的回答^_^






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