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本帖最后由 一起学CFA 于 2016-1-19 09:38 编辑
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1 I6 U% k0 O6 z; ]- x; z0 fCFA Level I：Economics - Monetary and fiscal policy 精选题和学习要点
. q8 z$ {7 B. \$ dLearning Outcome Statements (LOS)
! r' F$ R) _8 a' n8 Q+ B& Va. Compare monetary and fiscal policy
! V' d8 M w( T# o/ B5 [$ Y1 @b. Describe functions and definitions of money
, C/ Y7 T1 ?- s, |* V' vc. Explain the money creation process
2 G9 f; G8 q5 t5 ]3 b- S1 `" pd. Describe theories of the demand for and supply of money; y. R, m" x* r' [, |) Q
e. Describe the Fisher effect
5 h5 s8 w& a7 r. I2 z% c! o8 Xf. Describe the roles and objectives of central banks! i) {# D% @$ r% e; u
g. Contrast the costs of expected and unexpected: J$ ]9 }' n. z4 e0 c4 s
h. Describe the implementation of monetary policy5 f* G4 B/ _7 b. ]- \1 p
i. Describe the qualities of effective central banks6 `( `% \1 |! R* K
j. Explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates0 ?6 e; x6 b: z6 u1 E
k. Contrast the use of inflation, interest rate, and exchange rate targeting by central banks5 m0 {* A$ r7 Z* |
l. Determine whether a monetary policy is expansionary or contractionary/ \4 R- z. M- y
m. Describe the limitations of monetary policy
6 G0 x9 ~6 g# V+ ], Qn. Describe the roles and objectives of fiscal policy
" ]! _/ t- g3 S: \! uo. Describe the tools of fiscal policy, including their advantages and disadvantages
. L* S2 C! V) f$ {8 X g/ |p. Describe the arguments for and against being concerned with the size of a fiscal deficit (relative to GDP)
* Y, E) H n8 k% S, ~% eq. Explain the implementation of fiscal policy and the difficulties of implementation
1 B* D- O! w, H# i! e& ar. Determine whether a fiscal policy is expansionary or contractionary, s8 ^: L, R9 N
s. Explain the interaction of monetary and fiscal policy j0 W8 X/ {3 h' V, X4 t: H
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Exercise Problems：
( I. b, T8 P3 B {/ s, |1. The monetary policy tools available to the Federal Reserve are least likely to include：
* Z8 r) K- g& o; y+ q* P& B7 vA. Open market operations
0 H, B8 c! }" u% i7 x8 y ZB. The ability to determine the required reserve ratios of its member banks
1 A2 N. { J0 X9 c) X6 H7 \C. Adjustments to the amount of gold held as reserves against Federal Reserve notes / G9 r' N. c# q$ k
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答案和详解，登录后回复可见： & W+ R6 J1 \6 p) r! r! X) A
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0 f- E8 e% n7 t6 } m7 B1 I. A u* O2. The primary monetary policy goal of most major central banks is best characterized as：
7 U% e- F1 d9 v/ {' N8 O$ KA. Containing inflation 1 ^9 n# s1 R7 c# r# D( h
B. Stimulating economic growth ( z2 \# T: X, ]2 D! ?
C. Maintaining low interest rates / g0 r! d% f/ r& v
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7 L2 @( r; j6 I3. Which of the following actions on the part of central bank is consistent with increasing the quantity of money?
! ^& L) [6 A6 U# m. B0 Z. q4 oA. Increasing reserve requirements
! `" t. v+ p6 g7 `" R' I+ _1 ?B. Selling securities on the open market
2 t" H7 V. a7 T$ a M4 cC. Purchasing securities on the open market
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6 g3 d3 ~% P3 @" C0 ^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：% U0 J2 b& x& `9 p' r
A. Contract the economy by reducing bank reserves % s+ H+ t# c* B+ S9 G( F( m7 i" h
B. Expand the economy through a lower policy interest rate 7 ?' }7 j8 k4 B" i. ?# d! K$ }
C. Contract the economy through a lower policy interest rate
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6 y: J% r) h0 @3 X: F; N+ N5. 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：4 d0 M5 Q0 p7 g
A. increase # k- U; Y: E% v5 g5 K
B. decrease . N3 m% F0 B) E/ @! }+ ^0 \; R3 @9 B
C. remain unchanged
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发表于 2016-1-19 09:36:44
发表于 2016-1-25 10:41:11
让我对对答案吧，大神们