金融英语辅导：模拟练试题三
1 The financial statements that are dated for a time periodare theA balance sheet and income statement
B income statement and statement of cash flows
C balance sheet and statement of owners‘ equity
D all of the above
2 Which of the following is an example of off-balance-sheet financing? ______
A Operating lease
B Debenture bonds
C Current portion of long-term debt
D Convertible bonds
3 Borrowers can gain access to the surplus funds of savers ______
A by issuing securities to savers
B through financial intermediaries
C by purchasing securities such as stocks and bonds
D all of the above
E both A and B
4 Which of the following assets are most liquid? ______
A High grade corporate bonds
B Time" deposits
C Stocks in General Electric Company
D Passbook savings deposits
5 Secondary markets for securities
A deal only in bonds
B are markets primarily for the initial sale of new issues
C are markets for trading in outstanding debts and equity claims
D are also called "investment banks"
6 The concept of ______ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today
A future value
B present value
C deflation
D interest
7 Which of the following would not result in a credit entry in the China‘s balance of payments?
A The sale of a piece of furniture to a business firm in Japan
B Interest and dividends paid on foreign investment in China
C Interests on a Chinese bank deposit in the United Kingdom
D An increase in foreign investment in China
8 Futures contracts can be ______
A used as protection against large price swings
B countered by an offsetting purchase or sale
C participated by hedgers or speculators
D all of the above
9 Suppose that you own a business and are considering expanding your productive capital through an increase in investment spending You will invest only if ______
A you are able to obtain the necessary funds at a low nominal interest rate
B the investment does not affect your cost of production
C the present value of future income exceeds the cost of the investment plus interest on any money that you must borrow
D you observe that your competitors are expanding their productive capital10 If Y and V are constant， and M doubles， the quantity equation implies that the price level
A more than doubles
B less than doubles
C doubles
D might do any of the above
E more information is needed
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