CFA Level I：Economics 精选题（1 - 5）

一起学CFA

" E- F! X* D# [
CFA Level I：Economics - Monetary and fiscal policy 精选题和学习要点
# ?# q1 w' l- ~% ]8 Z! VLearning Outcome Statements (LOS)
5 R$ ~  H0 r( ma. Compare monetary and fiscal policy
b. Describe functions and definitions of money
" _7 S# l# H7 x8 o* J$ \) ic. Explain the money creation process
d. Describe theories of the demand for and supply of money
e. Describe the Fisher effect
6 T" x- K. u) b5 X( Qf. Describe the roles and objectives of central banks
/ M/ m, M- j9 E. O) c2 O3 K) Hg. Contrast the costs of expected and unexpected
h. Describe the implementation of monetary policy
7 D2 p6 i9 B/ N$ a" v: Pi. Describe the qualities of effective central banks
" v( B: y2 s) m+ [& O# tj. Explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates
k. Contrast the use of inflation, interest rate, and exchange rate targeting by central banks
7 s  m/ O) U9 ?" x! ml. Determine whether a monetary policy is expansionary or contractionary
m. Describe the limitations of monetary policy
n. Describe the roles and objectives of fiscal policy
8 \6 V3 p2 r# ]: X" j+ ~& Vo. Describe the tools of fiscal policy, including their advantages and disadvantages
p. Describe the arguments for and against being concerned with the size of a fiscal deficit (relative to GDP)
q. Explain the implementation of fiscal policy and the difficulties of implementation
r. Determine whether a fiscal policy is expansionary or contractionary
9 k& h  j3 u+ P& @% N( h; }s. Explain the interaction of monetary and fiscal policy

Exercise Problems：
1. The monetary policy tools available to the Federal Reserve are least likely to include：
A. Open market operations
B. The ability to determine the required reserve ratios of its member banks
C. Adjustments to the amount of gold held as reserves against Federal Reserve notes  

) X) x, [1 ^4 s3 P答案和详解，登录后回复可见：

游客，如果您要查看本帖隐藏内容请回复

: n  z! u9 r# B% l3 M+ l, N' r
; q8 m& a! F- F1 q4 _+ J2. The primary monetary policy goal of  most major central banks is best characterized as：
A. Containing inflation
B. Stimulating economic growth
7 {; e6 X* a2 b  D+ L+ EC. Maintaining low interest rates
! y( ]* l3 k) q- p  
  d  \5 E: Z4 \# C% s1 ^

游客，如果您要查看本帖隐藏内容请回复

3. Which of the following actions on the part of central bank is consistent with increasing the quantity of money?
A. Increasing reserve requirements
. X) ]- _: f) [1 ^' E& JB. Selling securities on the open market
& q7 k. ?3 W4 j, l0 i. EC. Purchasing securities on the open market
/ l/ l) J) Y) B! D: V
; ~9 ]& T, d, K- e+ w  a

游客，如果您要查看本帖隐藏内容请回复

4. In an effort to influence the economy, a central bank conducted open market activities by selling government bonds. This implies that the central banks is most likely attempting to：
A. Contract the economy by reducing bank reserves
6 q1 m! ]; b- ]9 X3 Y1 l+ l: FB. Expand the economy through a lower policy interest rate
" X% ^& I8 n6 l& f, V1 r' U4 wC. Contract the economy through a lower policy interest rate

2 x4 N+ ~% b8 @

游客，如果您要查看本帖隐藏内容请回复

7 d5 k+ M, }6 q5. If a government increases its spending on domestically produced goods by an amount that is financed by the same increase in taxes, the aggregate demand will most likely：
A. increase
# }# a. @" u0 \  pB. decrease
C. remain unchanged      

游客，如果您要查看本帖隐藏内容请回复

" W6 H" D7 }' y% K" x更多CFA习题可关注：高顿CFA题库.
关注微信 CFAFighting （ID:cfa-frm）CFA考试资讯抢先得
" G, r4 P6 z3 E1 |- o
4 N+ e7 l) {8 B/ T
1 k. E/ f+ I1 v* r( j

brandongogo

！！！！！！！！！！！

wgwgw

共同学习，共同进步，谢谢！

飞天小猪1217

共同学习，共同进步，谢谢！

ELVISEEEE

共同学习，共同进步，谢谢！

langwei777

AAAAAAAAAAAAAAAAAAAAAAAAAA

johnny000907

thanks for sharing!

h27608517

THX FOR SHARING!!!!
# C, y5 g' h0 S$ N2 {/ }I LOVE IT!!!!

wongs

看啦啦啦啦啦啦啦

lixin9160

让我对对答案吧，大神们