11. The federal funds rate is the interest rate ______.
! Y3 {6 j, g6 y- x( m- c A. on overnight loans of reserves between banks
. Z# R2 ?/ v- d* W) |3 s B. the government pays when borrowing from banks
" P l; [8 h+ Y4 f C. on government debt
3 f5 k* Y6 t4 _- V; R1 e D. both A and B
' _" N& t; E) O% k4 d8 _; \" w 12. A consumer's indifference curve shows ______.5 I/ t2 }; h: ^/ J" f: o' e
A. all combinations of two products that a consumer can use
# p7 J% e6 `: h7 m- ^ B. all combinations of two products that yield the same total satisfaction to the consumer \; H8 A$ p! b+ f5 f8 ?
C. all combinations of two goods that the consumer can purchase with disposable persona income
w N9 P3 F, k8 O3 V D. equal income for consumption
2 c; o. ~6 e, i2 K" j! i 13. The value of any investment is found by computing ______.4 w! }+ @/ C% p q5 N
A. the future value of all future expenses
F" Q1 T: e/ u1 @ B. the future value of all sales
2 ^ i6 c A3 N3 k C. the present value of all future liabilities
0 t1 H' F* X( x& A7 s8 V D. the present value of all cash flows
' A6 M* N! b; c, ^: P2 y 14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .% r* {3 S4 N. l
A. always consists of central-bank liabilities
. |6 d, _& v4 a D% p' \$ }' [ B. always consists of assets that can serve as commercial bank cash reserves2 [( o( `9 M0 _6 Q* I T) l
C. always consists of gold coin
, u, p& F: x( S& o4 M D. must be a "fiat" money; Y6 e4 Q8 q4 L0 f c3 x" }
15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.4 c" r7 R o# a$ y
A. chronological
P6 R) U/ |0 T/ g3 D/ q5 a2 k( y B. term
8 i$ l" S9 h/ a) m; I4 {4 i% [ C. risk
/ I0 k% P- G Y6 i) @ C D. liquidity' h# g% n( W% r7 N' n
16. An example of an investment pool is ______.; Z7 a- h! c" D0 [& M' C
A. a savings and loan association
2 Q' T5 |4 Y& `6 t' q B. a life insurance company
1 U1 N7 _* b7 x C. a finance company; f; R; L, k* n7 s5 A* f
D. a mutual fund$ A0 x* x/ p6 z( g( B) h( j
17. Sustained downward movements in the business cycle are referred to as ______.
1 L4 [9 `2 ~# M9 } }5 W1 T* _* i A. recessions- h# N! H9 g$ [" I+ \5 ~
B. economic recoveries! u$ }6 `7 n1 m" |" N) r
C. inflation9 U& o# q8 Y+ ?4 T, E3 A
D. expansions
% g# v/ ^0 W' U+ U 18. _____ offers a wide spectrum of personal services to wealthy clients who may have little knowledge of how to handle their own financial affairs or who are too busy.8 K' \' ?% i( C6 f1 W; G
A. A private bank* m+ a$ j. a7 {5 [ ]8 V5 a$ j
B. Private banking2 M* |( Z: m( P% b3 D$ C- G
C. Personal banking, g9 q3 Z$ Q( |
D. Retail banking( F: Y$ L1 |+ K" K3 a9 \% R
19. Which of the following can be described as involving direct finance? ______.
7 K7 h) g: b- t" c A. A pension fund manager buys a short-term corporate security in the secondary market
! M. F$ i9 i! Z8 M B. People buy shares in a mutual fund4 _, P5 b7 c& ?! u1 d; Y
C. A corporation issues new shares of stock
! w0 W6 _3 Z0 R D. An insurance company buys shares of common stock in the over-the-counter markets.5 e2 K; m' M# y9 W n& ?, s5 q' f7 `9 \
20. A call option gives the owner the right to ______.
% o7 p* ^" {& e- N9 W A. sell the underlying asset at a fixed price
) ~# R0 E; R5 r4 o0 U B. buy the underlying asset at a fixed price
. E6 A1 d$ \- z; w' A2 o& y C. convert the underlying asset at a fixed price
7 c; w( B2 {0 e7 k% h D. take delivery of the underlying asset at a fixed price |
发表于 2012-8-16 08:05:44
