金融英语 ：模拟练试题四
1 Commercial paper ______A is issued mainly by commercial banks
Bcan be either short or long-term debt
C is most typically issued in very short maturities， such as one or two months
D ought to be considered a capital market instrument
2 The expectations hypothesis assumes that investors regard bonds of different maturities
A as perfect substitutes
B as not substitutes at all
C as substitutes， but not perfect substitutes
D none of the above
3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points
A 005
B 05
C 5
D 50
4 Liquidity of a business is measured by ______
A the rate of return on owner equity
B the ratio of total revenue to total expenses incurred
C the ratio of current assets to current liabilities
D the ratio of income to costs
5 Which of the following is an example of an automatic stabilizer? ______
A A change in interest rates
B An increase in government spending
C Lowering income taxes
D Unemployment insurance
6 Which of the following definitions fits depreciation?
A Allocation of the asset‘s market value to expense over its useful life
B Allocation of the asset‘s cost to expense over its useful life
C Decreases in the asset‘s market value over its useful life
D Increases in the fund set aside to replace the asset when it is worn out
7 In the balance of payments accounts， ______ are unilateral transfers
A direct investments in another nation‘s businesses
B international transactions in securities with maturities greater than one year
C international transactions of securities with maturities of less than one year
D gifts and grants
8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in
A a money market mutual fund
B a time deposit
C Keogh Plan
D a money market deposit account
9 The central problem in economics is that of______
A comparing the success of command versus market economies
B guaranteeing that production occurs in the most efficient manner
C guaranteeing a minimum level of income for every citizen
D allocating scarce resources in such a manner that society‘s unlimited needs or wants are satisfied as well as possible10 Which of the following is the most accurate measure of a bond‘s interest rates? ______
A Coupon rate
B Yield to maturity
C Current yield
D Discount yield
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