金融英语模拟试题-FECT-(二)

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1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
5 q2 n) H# p4 ~: \; DA. his voting rights are considered more important
B. he has the greater right in choosing the board of directors
C. he receives his dividend before the ordinary shareholder
+ q3 Z- u4 e* @; v9 O/ r, e0 zD. he has the right to buy ordinary shares more cheaply
2. What are the two major accounts in the balance of payments? ______.
& l, |' n& \; _) DA. Current account and fixed account
8 {6 }( f' q0 }) kB. Capital account and deposit account
C. Capital account and current account
D. The account recording transfer payment and the account including an offsetting transaction
" V% B+ A; D  V( x* ?; t$ G3. Which of the following is not a financial instrument? ______.
8 R' [3 }, \; Z8 v" nA. Treasury bills
6 z) ^8 n; z' j; sB. Real estate
! r! e( k  N) oC. Mortgages
D. Stocks
( x" S1 z* s# \6 k" {4. The yield to maturity on a bond is ______.
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
B. the discount rate that set the present value of the payments equal to the bond price
C. the current yield plus the average annual capital gain rate
, C8 O% T* B1 o$ V% S' ?D. based on the assumption that any payments received are reinvested at the coupon rate
5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
" z+ S! p' G' |0 G" W0 l8 W# AA. promised yield
B. yield to maturity
1 L& ?6 M* f6 ^: fC. coupon rate
8 j) C$ A/ y3 OD. current yield
6. Rapid increases in the price level during periods of recession or high unemployment are known as .
A. stagnation
8 S& v0 L# E. E7 Y( yB. stagflation
3 T0 ~! V0 w; ]; SC. slump
D. inflation
6 r3 o0 `) I: [# h. s7. A person who left his/her job to look for another job would be classified as ______.
. g. w+ n& G2 t, X) j* a3 l, H& @A. structurally unemployed
B. cyclically unemployed
C. frictionally unemployed
D. no longer in the labor force
; W& d; B' |# C2 {2 K5 V# F7 c8. Which of the following is not included in a statement of owner's equity? ______.来源：
0 j0 `. r/ c9 b+ l" KA. Net income
B. Unearned revenue
C. Dividend
) V" l' ~0 W% m! ]  d5 [D. Retained earning
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
) G2 b: G2 u! F' M% e6 u1 i9 pA. expansionary monetary policy and contractionary fiscal policy
( S5 k. `. S- I8 l* ^6 MB. contractionary monetary policy and expansionary fiscal policy
0 `! L% H: f8 ^C. expansionary monetary policy and expansionary fiscal policy
D. ontractionary monetary policy and contractionary fiscal policy
3 d) o0 z5 z1 D  P' t* F) w
0 {' o( J* l, T1 E& l" j10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
A. leisure...work
" j0 ^# _+ a8 [. E( h8 K! f! xB. work...leisure
C. work...of all of other goods
D. leisure...of all other goods
% ^* y' m: v) A2 s
11. The federal funds rate is the interest rate ______.
A. on overnight loans of reserves between banks
; z& G- ?  U( g6 ^. qB. the government pays when borrowing from banks
3 j7 S% M8 O# zC. on government debt
( N9 v- u& L  _% cD. both A and B
! b0 d. m# a0 g$ U4 G$ @% S% M12. A consumer's indifference curve shows ______.
A. all combinations of two products that a consumer can use
. Q- @& ^0 e6 w( c. CB. all combinations of two products that yield the same total satisfaction to the consumer
) d* A, J" a" ~5 I! a9 ^8 RC. all combinations of two goods that the consumer can purchase with disposable persona income
5 N/ G. ^1 n9 L0 ]* f/ g: [D. equal income for consumption
13. The value of any investment is found by computing ______.
6 J* v) ?; ?( {9 CA. the future value of all future expenses
, [) d2 z+ h7 @* A. jB. the future value of all sales
C. the present value of all future liabilities
1 b- V/ E4 h: I0 CD. the present value of all cash flows
14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
  [8 ^6 }% }8 j1 ~/ L# ]( W) [A. always consists of central-bank liabilities
B. always consists of assets that can serve as commercial bank cash reserves
C. always consists of gold coin
D. must be a "fiat" money
) `( h9 J- v5 k* a6 A15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
A. chronological
( j4 f# p8 e  @- X$ |3 x' TB. term
C. risk
) {) H: b- A3 ^6 Y% [1 U; A( f* pD. liquidity
16. An example of an investment pool is ______.
A. a savings and loan association
! O, \* c6 s0 Y  N* \* vB. a life insurance company
0 M6 F# ?- e5 x: R% ^  bC. a finance company
* g4 B" _" L. a- F- ]0 [" p! ?D. a mutual fund
17. Sustained downward movements in the business cycle are referred to as ______.
A. recessions
$ _/ u& O% z, O* V3 kB. economic recoveries
  i& C$ B* E# d& l% t2 gC. inflation
D. expansions
* g# T% ^- L# a  q1 w
1 f4 P0 W0 Z& i18. _____ 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.

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A. A private bank
% d" P! x: }' p# f" _/ ^B. Private banking
C. Personal banking
D. Retail banking</p>
) X% P5 a5 Y3 P+ u/ `# w3 n19. Which of the following can be described as involving direct finance? ______.
) B4 V6 [( d6 pA. A pension fund manager buys a short-term corporate security in the secondary market
B. People buy shares in a mutual fund
C. A corporation issues new shares of stock
D. An insurance company buys shares of common stock in the over-the-counter markets. 20. A call option gives the owner the right to ______.
: _" J' F0 F3 l; H% V) l/ NA. sell the underlying asset at a fixed price
B. buy the underlying asset at a fixed price
/ U8 ]- f+ {2 H/ c% u4 }, ?C. convert the underlying asset at a fixed price
D. take delivery of the underlying asset at a fixed price