1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
1 w% }3 e8 N$ U0 \* O5 H A. his voting rights are considered more important
/ D5 @/ @0 c, ~# C. x- Q6 y% D. ~; [ B. he has the greater right in choosing the board of directors
1 M' A% w; z7 X. a4 `' m1 z C. he receives his dividend before the ordinary shareholder
/ S! Z) A# @) E0 ^ D. he has the right to buy ordinary shares more cheaply1 R6 D3 G* V" U8 [+ P+ ~6 X. w/ _
2. What are the two major accounts in the balance of payments? ______.' f Z! b* w! s+ P4 r' N& c4 J, e
A. Current account and fixed account* ~8 D5 f p1 s; A
B. Capital account and deposit account
6 E9 U% S$ Y4 U& R C. Capital account and current account1 x4 Y2 s6 V# Z/ E
D. The account recording transfer payment and the account including an offsetting transaction: w+ T" S$ L3 [) i) E/ k3 Z' [
3. Which of the following is not a financial instrument? ______.0 A$ k. e) h, D/ c( x
A. Treasury bills
7 x+ \ u* W3 Z# B# s B. Real estate- a6 z7 _; T G2 {0 p X
C. Mortgages
$ J8 H4 S% ?8 }7 \$ m0 E. d D. Stocks# M4 ~ M* y( S' ^' A% r
4. The yield to maturity on a bond is ______.
: ]: J6 v# U$ s# h A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
; }5 l* h4 `# W* O: e' r; j B. the discount rate that set the present value of the payments equal to the bond price" @' Y, p, t0 \7 I1 m6 }% I
C. the current yield plus the average annual capital gain rate
# W2 d! T6 N% X5 m* }8 g8 v3 L D. based on the assumption that any payments received are reinvested at the coupon rate/ \- l; A8 B# R
5. The annual interest paid on a bond relative to its prevailing market price is called its ______.# t- p3 D+ X5 l
A. promised yield0 d6 Z% E( p4 y3 _
B. yield to maturity
, U% Q V* g; X( k- A- \0 t0 \ C. coupon rate1 P7 U5 J* g5 K- E# }; g
D. current yield
1 n( a: N+ ]4 r0 S" n/ I 6. Rapid increases in the price level during periods of recession or high unemployment are known as .* k/ D% L; u% ?0 N, l8 w
A. stagnation6 @$ r/ Q2 x& c% }+ l
B. stagflation
" g; h2 N" w8 g1 i C. slump
, A; f' k# \& w ?9 | D. inflation
' c/ t$ C8 \2 D2 R2 n& V( S7 a 7. A person who left his/her job to look for another job would be classified as ______.
2 x8 T& m0 {- ?9 Z4 f A. structurally unemployed
5 D9 o! y' z3 W+ Q% s! [ B. cyclically unemployed+ ]) j6 f8 p0 t6 J9 t
C. frictionally unemployed
1 Y) m0 J1 ?9 W/ {6 U( ] D. no longer in the labor force
$ T. c1 a% j% T) f 8. Which of the following is not included in a statement of owner's equity? ______.来源:: v- g" G4 M. h1 h3 K$ b' B
A. Net income
" P' s* t7 b" o2 O, T' h/ u3 A B. Unearned revenue% |/ o! `, o1 Y
C. Dividend8 x V% t4 k4 r2 B, f( D4 |; ?
D. Retained earning% g \9 `3 U! Z8 D3 D/ [* ^
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
/ s! k$ `' D; m A. expansionary monetary policy and contractionary fiscal policy0 X& `6 [6 w, A; V( C
B. contractionary monetary policy and expansionary fiscal policy' }, X0 b" X9 p F
C. expansionary monetary policy and expansionary fiscal policy1 ^; ?, Y( ` a2 o$ ~
D. ontractionary monetary policy and contractionary fiscal policy% `9 X/ ?5 K! [, O: s% w
10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
; `! h& k. L: S. }2 ]( G) {# e A. leisure...work
: v6 X9 q* V/ Y B. work...leisure
( ? _$ C/ {# \) q% F# T+ F C. work...of all of other goods
' g% C% q, p; p q8 W1 K1 F# n D. leisure...of all other goods |