經濟貨幣與銀行 DSE、CE、AL 選擇題

1.

Which of the following statements about money are correct?

(1)The use of money reduces the information cost of searching for trading partners.

(2)Money would not exist if there are no banks.

(3)Money still exists if all transactions are settled by electronic transfer (or settled online).

2.

The maximum banking multiplier of a banking system will decrease when

3.

Assets ($)		Liabilities ($)
Reserves	2 500	Deposits	10 000
Loans	7 500

The above table shows the balance sheet of a banking system which has an excess reserve of $500. Suppose the public withdraw $1 000 cash from the banking system. If the banks do not hold any excess reserves and there is no cash leakage, what will happen eventually after the process of deposit contraction is completed?

4.

Holders of ____________ have the lowest liquidity.

5.

David plans to deposit HK$400 000 in a Hong Kong financial institution for six months. Which of the following can accept his deposit?

(1)licensed banks

(2)restricted licence banks

(3)deposit-taking companies

6.

Grace receives a remittance of HK$530 000 from overseas. She saves HK$500 000 of the total amount as time deposits in a restricted licence bank and the rest as demand deposits in a licensed bank. What will be the immediate effect of the above actions on the money supply of Hong Kong?

7.

Which of the following assets has the highest liquidity?

8.

When the price of a good is quoted in Renminbi (RMB) on a price tag in some shops in Hong Kong, RMB is performing as

9.

In the financial system of Hong Kong, the Hong Kong Monetary Authority plays the role of

(1)operating the day to day business of the clearing house.

(2)stabilizing the exchange rate of the Hong Kong dollar.

(3)the lender of last resort.

10.

Suppose the actual banking multiplier is smaller than the maximum banking multiplier in a certain banking system. Which of the following would be a possible reason for this?