經濟貨幣與銀行 DSE、CE、AL 選擇題（第 10 頁）

91.

Which of the following are the central-bank functions performed by the Hong Kong Monetary Authority?

(1)supervision of banking activities

(2)financing the budget deficit

(3)maintaining the stability of the exchange rate of the Hong Kong dollar

(4)cheque clearing

92.

Suppose the legal reserve ratio is 100%. If a person deposits $500 cash into his current account,

(1)the currency in circulation will decrease by $500.

(2)the bank deposits will remain unchanged.

(3)the bank loans will increase by $500.

(4)the money supply will remain unchanged.

93.

Mr. Chan withdraws $600 000 from his savings deposit with a commercial bank and then deposits $500 000 with a restricted licence bank. The remaining $100 000 is kept at home. The immediate effect is that

94.

Exchange with the use of money differs from barter exchange in that the former

95.

Fanny plans to deposit HK$250 000 in a financial intermediary for three months. Which of the following institutions can accept her deposit?

(1)licensed banks

(2)restricted licence banks

(3)deposit-taking companies

96.

If the required reserve ratio for banks is 100%, which of the following is correct?

97.

Banknotes are preferred to cheques as means of payment because the former are more

98.

Suppose the required minimum reserve ratio for banks is 25%. The table below shows the balance sheet of a certain bank.

Assets ($)		Liabilities ($)
Reserves	600	Deposits	1 500
Loans	900

Which of the following statements is correct?

99.

If an individual receives a cheque for $1 000 from his friend and deposits it in his savings account, Hong Kong's money supply M1 will ____________ and M2 will ____________.

100.

Which of the following descriptions of 'demand deposits' is correct?