DSE 經濟科：貨幣與銀行

1. Which of the following is a function of money that allows it to be used to compare the value of different goods?

2. In Hong Kong, M1 consists of:

3. If the required reserve ratio is 10% and a bank receives a new deposit of HK$1,000, the maximum amount it can lend out in the first round is:

4. The simple money multiplier is calculated as:

5. Hong Kong's Linked Exchange Rate System requires the Monetary Base to be fully backed by US dollar reserves. If the HKMA issues HK$10 billion in new Exchange Fund Bills, the US dollar reserves must:

6. A Hong Kong bank has HK$500 million in deposits and HK$50 million in reserves. The required reserve ratio is 8%. The bank's excess reserves are:

7. Which of the following would cause the money supply (M3) to DECREASE in Hong Kong?

8. Under the Linked Exchange Rate System, when the US Federal Reserve raises the federal funds rate, the HKMA's Base Rate typically:

9. If the currency-to-deposit ratio (c) increases while the reserve ratio (r) stays constant, the money multiplier will:

10. A Hong Kong bank faces a sudden withdrawal of HK$200 million in deposits. With a required reserve ratio of 8% and no excess reserves initially, the maximum potential contraction of M3 is:

11. A bank receives a new cash deposit of $1,000. The required reserve ratio is 20%, there is no cash drain, and banks lend all excess reserves. Maximum total deposits are:

12. Using the same $1,000 deposit and 20% required reserve ratio, with no leakages, the maximum amount of new loans is:

13. If the public holds part of each new loan as cash, then compared with 1/rrr:

14. Which statement separates the required reserve ratio from the capital adequacy ratio?

15. Why might a bank hold reserves above the required ratio?

16. In Hong Kong the statutory reserve ratio on Hong Kong dollar deposits is zero, but banks still hold reserve balances. Those balances are:

17. Household income rises. Which change in money demand follows?

18. The interest rate on bonds rises. Speculative money demand: