货币金融学弗雷德里克.S.米什金英文第七版课后习题答案

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CHAPTER 1
　　Why Study Money, Banking, and Financial Markets?
　　7. The basic activity of banks is to accept deposits and make loans.
　　9. The interest rate on three-month Treasury bills fluctuates more than the other interest rates and is lower on average. The interest rate on Baa corporate bonds is higher on average than the other interest rates.
　　11. Higher stock prices means that consumers’ wealth is higher and so they will be more likely to increase their
　　spending.
　　13. It makes British goods more expensive relative to American goods. Thus American businesses will find it easier to sell their goods in the United States and abroad and the demand for their products will rise.
　　15. When the dollar increases in value, foreign goods bee less expensive relative to American goods; thus you are more likely to buy French-made jeans than American-made jeans. The resulting drop in demand for
　　American-made jeans because of the strong dollar hurts American jeans manufacturers. On the other hand, the American pany that imports jeans into the United States now finds that the demand for its product has risen, so it is better off when the dollar is strong.

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