1. Commercial paper ______.% _2 } O; w! v, E6 M$ w
A. is issued mainly by commercial banks' n# P2 s& ^/ V% a5 f) I: ~
B.can be either short or long-term debt
3 k( u% u, P) N: Z7 d2 D; ZC. is most typically issued in very short maturities, such as one or two months+ u. {/ D3 |* m4 i
D. ought to be considered a capital market instrument
, o% a# `, |- I( @ t2. The expectations hypothesis assumes that investors regard bonds of different maturities .) O, M+ ^2 X5 v$ [
A. as perfect substitutes
9 S G* ]2 ^8 z, v. `B. as not substitutes at all, q, [& c. v6 {0 l7 F' M7 I
C. as substitutes, but not perfect substitutes
7 \ {& m! y# o* a8 G. @D. none of the above& C! M. w8 k) c6 g0 d) @' K
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.8 ]3 q: a$ M( l. V, H; d
A. 0.058 T0 g4 J$ ~( N) r+ C* m
B. 0.5
' T6 E5 J2 w4 F1 |C. 56 F$ J1 P% ^6 z; f- Q4 ]1 O
D. 500 H+ t1 ]7 V$ w4 k9 D" E& F
4. Liquidity of a business is measured by ______.
m& I& r) z, pA. the rate of return on owner equity8 V: a4 U# \8 Z1 n# _
B. the ratio of total revenue to total expenses incurred
6 i4 e" e5 F, s* GC. the ratio of current assets to current liabilities: V, Q) t" y' J- }3 m4 l
D. the ratio of income to costs
% V5 D% z( T5 m! \: p7 B5. Which of the following is an example of an automatic stabilizer? ______.
. n# w+ A5 N0 P. OA. A change in interest rates$ s3 a. B, @$ r) p/ R
B. An increase in government spending
5 a7 ~2 z0 T( L. R* V3 u! PC. Lowering income taxes2 h0 d) |0 e: o
D. Unemployment insurance/ A4 R; ]. Z- n% m% E0 [% Y
6. Which of the following definitions fits depreciation? .
$ N: R( M: \5 k1 c0 v5 N' l) BA. Allocation of the asset's market value to expense over its useful life
) T6 G: D4 j/ o) A/ k, z: eB. Allocation of the asset's cost to expense over its useful life& h) ?4 {+ c6 W3 L2 A9 X
C. Decreases in the asset's market value over its useful life
( _# N' W8 _7 Z q. m! @D. Increases in the fund set aside to replace the asset when it is worn out
3 ^3 d3 Q/ ]! Q) {9 V M7. In the balance of payments accounts, ______ are unilateral transfers.
8 S& H4 I) B5 S. e: Q, |A. direct investments in another nation's businesses
8 Z0 x" u! V3 t. b5 U8 S( VB. international transactions in securities with maturities greater than one year
' j6 O3 v e' s! N4 MC. international transactions of securities with maturities of less than one year+ F8 s1 i# g, T
D. gifts and grants/ z: H& Q& R4 h9 u
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .4 @# i. g" s0 n( W
A. a money market mutual fund, ~: {) b5 e. V
B. a time deposit: c9 \- ?! R% V1 M( X6 _
C. Keogh Plan: L) F( V$ e4 e% z
D. a money market deposit account- z* B4 L! R6 J6 w& W
9. The central problem in economics is that of______.3 H/ _+ T- O. l3 u5 d
A. comparing the success of command versus market economies
3 S M* @5 s, a8 V+ x" `! lB. guaranteeing that production occurs in the most efficient manner' E4 ^" A* U# L& c
C. guaranteeing a minimum level of income for every citizen. e U+ T& Y# X" j# h+ L" _- v6 _
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible / f9 H% m$ Q. M% n, ~. J( s' \5 [1 d& {
; Q% U, e' S6 C' H
10. Which of the following is the most accurate measure of a bond's interest rates? ______.
; v0 N# E8 U3 n/ c5 f* T; XA. Coupon rate; w3 c2 o, d- m0 ^0 `& b
B. Yield to maturity
8 u: _: z2 m( BC. Current yield- X4 g/ J9 G' j" d
D. Discount yield |
发表于 2012-8-16 08:05:44
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