11. The value of money varies _____.
) D) ?; ?9 ~5 d' o0 A6 T A. directly with the unemployment rate
# v$ N& Y0 l! J9 ?' k B. directly with the price level: l, D) _" G4 {3 m+ W7 K4 ~
C. inversely with the unemployment' c" s y3 v8 m5 g
D. inversely with the price level
$ ^- Q* E5 M- H6 p2 X& ` `$ x 12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.3 Z$ @$ F( I1 b5 j; J; H, z6 _; I
A. the dollar has depreciated relative to the yen
4 i+ Q8 M4 l7 K0 Q' \ B. the dollar can now purchase more yen
0 k: y# r [& H, Z0 X2 J C. the yen can now purchase more dollars
/ [$ l2 b, y7 x# D2 U5 V1 u D. the US trade balance with the Japanese economy has improved2 a% M: G8 R4 E
13. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.
$ {: {3 J! R0 V5 J5 A/ ` r A. price feedback theory0 D/ @( h- {3 ~% C2 B$ m
B. trade feedback theory
1 q0 z3 L$ R2 y/ G1 w C. purchasing power parity theory" U3 _+ g* _% w* O X% j6 x+ f
D. J-curve theory' {, _( S- [2 C3 K4 W7 e
14. According to the optimal portfolio theory, where should portfolios lie? ______.1 |0 d' x9 R% x+ a4 r8 O) \4 F5 P
A. On the efficient frontier8 X' G! T8 V) ^0 d5 q4 k" {( J
B. Above the efficient frontier" g$ \# p* g; M7 m |& f1 r# p0 e
C. Under the efficient frontier, o y0 M- t( S# h" V# F
D. Anywhere, as long as the portfolio is diversified
7 v- s7 {9 N1 h 15. Which of the following is not a user of management accounting information? ______.# i% \9 d7 [4 W& u2 E) a' g
A. Store manager, l/ y# o! {+ F2 a% \/ b) ?2 }
B. Creditor8 W4 U+ ^3 ?! n& G
C. CEO
/ a( M9 Y+ C5 o, `# q7 B0 }' _ D. CFO
O# d% p# X3 m6 v: N, g4 ` 16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.
0 |' Q+ d. x# G% `' R Market Condition
( {7 U2 {2 P) K4 v+ i. g bear Normal Bull
@$ R0 N- c/ |) h+ a Probability 02 0.3 05
+ N% }$ e+ }. {/ S- d. @9 n Rate of return —25% 10% 24%
+ y! x1 c x5 l" T H9 W A. 4%
7 `$ V4 z4 L% O. [7 g0 W. Z- k B. 10%
z' p" s2 [# t: I; Z0 Z. j) f C. 20%
- q4 p, r1 U/ y1 G8 U5 P4 J D. 25%, _- p2 u8 k: K# M" e
Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).
4 P+ p3 l f9 \. B- u Bear Market Normal Market Bull Market$ ]2 J3 ^" j6 `. j. L7 E
Probability 0.2 0.5 0.3; d# o/ t X( d- `
Stock X_ -20% 18% 50%
* T2 _' N9 I) Q- x6 L' h9 } Stock Y -15% 20% 10%7 Z2 w$ B# j( j6 m. m
17. Financial markets serve to channel funds from ______.1 w. G3 J/ }' A% W! B
A. the government to contractors& X4 {3 J1 {! w) _
B. investors to consumers |' q# u. E! T/ o! y- [
C. consumers to producers
* U7 u$ k* g% s D. savers to investors
8 q$ H$ z! M1 I: p1 g, M5 { 18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .& ]/ ^! `" Z1 a" X$ Q
A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency
- J3 s( _* [+ D& _- D B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations
% F/ l; J; s) }" V$ t9 j) |# c C. that prohibited governments from intervening in the foreign exchange markets% U( q. G |4 v' |
D. in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading
# u! v* [7 s5 I: m 19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .
( e6 k3 K i6 E$ A' @8 {' z A. Assets are originally recorded in accounting records at their cost to the business entity
: X2 ?# F5 o9 U" g/ Z B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion
" ?4 A/ m1 u% S/ @- i+ t7 J) O3 M C. Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market prices
0 t; [# |/ M- D2 w7 Z& @, i0 l D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions: I" q2 O) ?0 V& n2 h
20. A fiscal expansion in the UK ______ the pound sterling.
/ v2 b( n* i* l D2 p A. tends to appreciate1 ]& e& O% l7 p( j# x7 e+ H4 `
B. tends to depreciate
- L2 _/ X9 V9 A9 K! i! T7 K* R) i C. does not affect the price of
3 Z$ J0 c* L; y* S' s! {2 P D. has no predictable effect on the price of# c8 B* Y8 w) a5 |
答案:. \6 ]) C3 q* h, ]; I
1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B8 o* z' i7 B: u& x
11.D 12.B 13.C 14.A 15.B 16.B 17.A 18.A 19.D 20.A |