Stage 5 Testing 1:Multiple-Choice Questions
Now you will hear 10 questions about the information you heard in the lecture.Each question will be spoken one time only,and it will not be written out for you.You must listen very carefully to each question.After hearing a question,you must read the four possible answer choices provided.You will then refer to your notes and select(a),(b),(c)or(d)—whichever is the best choice.
1.
(a)The Riksbank
(b)The Bank of Sweden
(c)The Bank of Amsterdam
(d)The Bank of England
2.
(a)One hundred and forty-six years
(b)One hundred and thirty-two years
(c)Fifty-nine years
(d)Twenty-six years
3.
(a)To raise funds to fight against the French
(b)To act as a clearing house for business firms
(c)To keep the national currency stable
(d)To regulate money in circulation
4.
(a)The reserve bank of India
(b)The US Federal Reserve System
(c)The Swiss National Bank
(d)The Bank of Japan
5.
(a)Fifty-six years
(b)Forty-two years
(c)Twenty-six years
(d)Sixteen years
6.
(a)Managing state gold reserves
(b)Issuing treasury securities
(c)Launching IPOs
(d)Managing the payments system
7.
(a)To make loans to banks in financial difficulties
(b)To participate in international financial cooperation
(c)To set interest rate levels
(d)To be the sole issuer of currency
8.
(a)Banks will transfer their clients’ money from checking accounts to savings accounts
(b)Bank clients will transfer their money from savings accounts to checking accounts
(c)The central bank will lower the benchmark interest rate
(d)Banks will fall short of cash
9.
(a)The government decides on the monetary policy
(b)The central bank decides on the monetary policy
(c)The central bank does not have access to policy instruments
(d)None of the above
10.
(a)The central bank will increase the discount rate
(b)The central bank will lower money supply
(c)The central bank will reduce the discount rate
(d)The central bank will cool down the economy