1. Commercial paper ______.
* b' r W% h/ Y- `7 Q8 Z; dA. is issued mainly by commercial banks
4 M& a9 `: M4 G% hB.can be either short or long-term debt( s* C& e9 ~& _" ^
C. is most typically issued in very short maturities, such as one or two months
, Y. [& h6 L d; u- iD. ought to be considered a capital market instrument
& H n0 B, Z. P2 T7 O! [$ [2. The expectations hypothesis assumes that investors regard bonds of different maturities .
4 y8 G& J3 B; u0 P$ g0 J! DA. as perfect substitutes) r8 s* Z: c7 k. @7 c4 H
B. as not substitutes at all
% J9 t# _. `$ ^6 R4 Z/ F1 RC. as substitutes, but not perfect substitutes
+ J8 a3 J2 ?* ~+ p5 c. pD. none of the above# ]$ B Y# v6 [
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
; O _: W. ~$ e) f& t: |A. 0.05
. q/ a( h: k: S; t% o& K( ^B. 0.5
5 U, V; m0 [( k/ h2 dC. 5. \% Q% ^6 M% G8 Q- Q7 @9 J$ G
D. 50$ Z. ~9 n" O, N$ n7 C
4. Liquidity of a business is measured by ______.
: F9 Q8 H0 P5 i+ ?% d% g/ UA. the rate of return on owner equity
6 V, I m2 [& r4 ]' YB. the ratio of total revenue to total expenses incurred
M+ [# C @4 G3 i1 sC. the ratio of current assets to current liabilities
% {) Q- ^, q7 [" {D. the ratio of income to costs& b- G1 x& y8 i. D, r {% A# m
5. Which of the following is an example of an automatic stabilizer? ______.
0 `: C8 J$ q4 r; L; p! ^7 }! }0 e; aA. A change in interest rates2 B- @) n5 v3 O8 i: R
B. An increase in government spending
! a# S7 l8 V, j( b- L2 s9 U. NC. Lowering income taxes2 V5 e- H# ^- k3 n6 P! P: d
D. Unemployment insurance
( d2 E4 w) H1 B) j6. Which of the following definitions fits depreciation? .4 ^( M, O; h; m, u
A. Allocation of the asset's market value to expense over its useful life# m: ^% U4 ]9 v) H. ^
B. Allocation of the asset's cost to expense over its useful life2 H# t U, P+ `8 b* Z0 `
C. Decreases in the asset's market value over its useful life
9 \; e1 |1 `# {) JD. Increases in the fund set aside to replace the asset when it is worn out
) R; _# F M% L& o, e. C+ z9 N1 s7. In the balance of payments accounts, ______ are unilateral transfers.
/ p8 M& q- k' [A. direct investments in another nation's businesses
% ]% a- h t) {3 E0 N0 eB. international transactions in securities with maturities greater than one year
8 O6 j6 E/ F/ Q n2 bC. international transactions of securities with maturities of less than one year
, s( T+ t& H1 J- S- g9 l f1 XD. gifts and grants9 d& Q3 p$ ?& ]) U; R$ _1 d
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
$ u2 a* g" y, FA. a money market mutual fund/ m' c7 [, j7 q+ F8 O# d2 |# ~5 ~
B. a time deposit) w0 ~4 p- ]2 _ N* h3 P) l, d
C. Keogh Plan
7 D$ F7 I0 X V) N& s% \D. a money market deposit account
5 Y5 B2 R- g9 q1 }5 H4 a9. The central problem in economics is that of______.: u8 p9 {+ R6 m; K8 W0 c0 j6 j$ X
A. comparing the success of command versus market economies
* d5 L7 d+ R5 _$ y/ z* DB. guaranteeing that production occurs in the most efficient manner3 L7 P% H3 G; X2 r
C. guaranteeing a minimum level of income for every citizen) i5 e! [/ W* O4 i
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
& `/ {" V. w5 Q5 T
, y5 s, {8 Y* M$ [& F10. Which of the following is the most accurate measure of a bond's interest rates? ______.
M6 G6 S5 S. I- z/ Z- T) \A. Coupon rate
/ ]4 L! B/ D$ E# ?0 ]+ ]/ NB. Yield to maturity |% P( \! u! T- |
C. Current yield
; z9 p0 J! b! K, k$ ^2 DD. Discount yield
N B5 _0 p6 E3 w7 Y11. Which of the following is a determinant of asset demand? ______./ |3 A8 H. g; r- `6 _' K- N) l
A. Expected return5 s# |) V( \$ ?. J" p8 K
B. Risk
2 z7 I J1 B$ A8 cC. Liquidity
" X! N: S$ u' s+ i/ ^D. All of the above _) k! t, x4 L$ ?3 W4 ]' M
12. Which of the following items are reported as a current liability on the balance sheet? ____.
9 p4 H% d3 A5 ^ c& o: r& iA. Short-term notes payable) J* |* d H4 w% @8 A
B. Accrued payroll taxes
7 f a. V( j: UC. Estimated warranties
; ^4 r; p: k9 H; a) f0 X) lD. All of the above
. z o7 G k# h' q5 o* r: o13. Which of the following is not true of fiscal policy? ______./ u) x. j" x3 P3 r' d& W) e0 c B
A. Time lags occur with fiscal policy.. V4 i8 Q0 w5 t
B. Automatic stabilizers help the economy., V( W' O8 I" n0 g$ T7 W
C. "Crowding out" is not a problem of fiscal policy.9 Z/ _- s2 d v' V( ~, ]
D. None of the above.
1 E9 h8 C- p6 J- o: P14. What distinguishes the mortgage markets from other capital markets? ______.
. K1 b+ B# w. I5 K4 i3 fA. Securities in the mortgage markets are collateralized by real estate: h' _, N! v5 ?! a& y! v2 S
B. The mortgage markets usually involve long-term funds9 k. @$ F |& n% h
C. Borrowers in the mortgage markets include individuals and businesses
" f x, v, ~ `! f5 MD. All of the above! k1 T4 e2 r+ Z$ F3 g( U* j
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.
: _9 d* ], H q! g8 ]A. withdrawal
6 _/ }# f- x; z4 A' XB. liquidation
" y/ h0 f/ W- q; {6 Z4 `/ E! sC. acquisition
1 k+ z! n d' b8 D" Y2 fD. dissolution
o( m, |% s9 a16. When an investor is buying stock as an investment, the value of most direct concern is .
" @: u. d% N. w& ~ EA. par value1 I- q# P4 A" F
B. liquidation value
1 B J) W& @) |9 U2 N% yC. market value2 c( _1 `4 H% z( {2 s
D. book value# G# K- M7 R, J6 C Q e/ f, L
17. Autonomous transactions are ______., n* L I ?$ R# c% h
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market9 V9 v- w: l- v0 z
B. transactions that are not undertaken in the pursuit of commercial profit
" k8 ]) S. j* S e- WC. transactions undertaken for normal commercial motives
4 q) u; I+ N6 @' {' a& GD. none of the above
% Z) N0 r- P% [1 `! a0 [$ x- z4 Z9 y/ m
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings . |
发表于 2012-8-16 08:05:44
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