1. Commercial paper ______.7 q6 |3 Q/ W- W) l: }4 N
A. is issued mainly by commercial banks
; k+ H% D+ x8 g' cB.can be either short or long-term debt+ K7 X" s( C! u4 l
C. is most typically issued in very short maturities, such as one or two months
$ a$ X* u x, v8 S0 ]( `+ @0 h. A3 V5 sD. ought to be considered a capital market instrument2 R* `& r. n3 e
2. The expectations hypothesis assumes that investors regard bonds of different maturities .7 _2 D. G! [/ g; C; U6 P- e
A. as perfect substitutes
; f6 ]+ \! a3 x* M4 _B. as not substitutes at all( j8 n/ {; I8 n u6 c5 E
C. as substitutes, but not perfect substitutes7 o# Z1 k! J X j3 ?$ m: M, [
D. none of the above) ]% F% Q2 \# H; V+ ]5 u6 P) u- E
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
# B; J k9 ^+ R% z' k C( y: hA. 0.05. f: o+ x8 U! q2 T
B. 0.55 o/ ~' d e/ A$ t
C. 5. m/ j' K7 U) V0 y- o
D. 50% n' R8 P( {3 `1 B/ G
4. Liquidity of a business is measured by ______.
* ]; ~' [ ~( c* pA. the rate of return on owner equity
% n6 F: }2 }: o1 e# _) ?1 `. hB. the ratio of total revenue to total expenses incurred
$ k& [' o3 @9 S2 YC. the ratio of current assets to current liabilities; Q5 V! z) ^, Y+ ?# w: t! ^7 J" |
D. the ratio of income to costs; r; g' W. M0 b Y Z% R2 I
5. Which of the following is an example of an automatic stabilizer? ______.
3 y/ o h& R2 @& c5 g/ p2 t& RA. A change in interest rates
4 ?) T$ n, t* q8 V+ B/ ^0 u; xB. An increase in government spending
8 s+ }* e, Z) a, q; J8 y; O: W: W) dC. Lowering income taxes/ K& \" Y6 N G2 T- U6 o
D. Unemployment insurance, D9 O/ {8 m# |) i4 B
6. Which of the following definitions fits depreciation? .4 F7 _3 b- s0 f/ ~9 P
A. Allocation of the asset's market value to expense over its useful life
+ i2 J- Q6 N/ P+ K/ ZB. Allocation of the asset's cost to expense over its useful life
) B9 T8 C; a' @$ H$ L/ QC. Decreases in the asset's market value over its useful life
* o" m0 \; O. V# C6 FD. Increases in the fund set aside to replace the asset when it is worn out* Z+ S* ?) n2 }
7. In the balance of payments accounts, ______ are unilateral transfers.3 j9 L4 [5 D/ o9 |' U! u# ^2 d; Z
A. direct investments in another nation's businesses
n& ~2 |( a$ Y8 o% E9 ZB. international transactions in securities with maturities greater than one year; p1 t/ E9 I6 |' ^$ W/ B/ W" @4 f, T9 K
C. international transactions of securities with maturities of less than one year- A6 _& ]3 g1 C
D. gifts and grants
' B) G" L: K% @8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
$ l' t7 p n9 J, r& TA. a money market mutual fund
* o& t$ g& ?9 EB. a time deposit
% |3 H% J% Q }- x- Y! YC. Keogh Plan
* H3 t" r( m2 W4 q& y3 x% M" ?6 ZD. a money market deposit account Z' N% ~6 ~+ c D
9. The central problem in economics is that of______.7 \7 s- s' W$ j) y' [
A. comparing the success of command versus market economies
Z: A' D1 B9 b* a/ a, `/ ]) NB. guaranteeing that production occurs in the most efficient manner1 f1 W6 \3 W; O5 M8 V4 E2 ^3 y
C. guaranteeing a minimum level of income for every citizen
6 M. z. D) ]8 w/ S+ }D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible % Y1 n# a. o4 W, P: y9 e
1 s* P* w' V- c
7 g. B" W$ j$ i; |* Z4 k0 o10. Which of the following is the most accurate measure of a bond's interest rates? ______.
! C( L; I- d+ z2 t$ yA. Coupon rate
. d, z9 T( m" S! A. L+ qB. Yield to maturity
7 z8 Q6 ]# f1 J" TC. Current yield7 A1 w0 F2 m; Q" q3 T
D. Discount yield |
发表于 2012-8-16 08:05:44
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