1 Commercial paper ______
6 X. W% a" v" U/ ^( Z# y2 `. UA is issued mainly by commercial banks
8 c' q; i% C1 s/ _1 kBcan be either short or long-term debt+ J+ O) e& ~$ S4 {( t
C is most typically issued in very short maturities， such as one or two months
4 ~2 x! {9 t- S0 hD ought to be considered a capital market instrument
! q. C$ n; l$ i+ o2 The expectations hypothesis assumes that investors regard bonds of different maturities
8 L& P2 L: b, l! m1 z3 Z: M* [4 QA as perfect substitutes
; A8 v I2 m' w4 T& mB as not substitutes at all9 c) C6 m4 [2 p6 ?) a
C as substitutes， but not perfect substitutes3 g) @! f; k' O4 v$ X
D none of the above: y( F$ P1 c8 P
3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points
% [. f+ ]; A% V( Z' _A 005, _; f# ^5 { ~
B 05
6 V# B$ R, o4 Z$ q% mC 5
- E1 I7 O+ w! N! |6 u: OD 506 C* U, @7 E* u
4 Liquidity of a business is measured by ______
# o: r# H* g1 G7 O6 ]A the rate of return on owner equity% |1 _; a% @+ w' T3 [: g& k
B the ratio of total revenue to total expenses incurred9 ~. y; V0 o8 Z
C the ratio of current assets to current liabilities5 m3 D+ f$ Q1 h; V, `/ i5 `
D the ratio of income to costs
* ?6 U; X9 S& ?- |! f7 u5 Which of the following is an example of an automatic stabilizer? ______
# F7 O- j2 X, w. xA A change in interest rates
4 c$ J- d' C; S+ f vB An increase in government spending
. V: V h1 G% w- DC Lowering income taxes$ \) O$ L6 y1 U- g
D Unemployment insurance
7 u* L% `; S* C: m1 F2 w, n/ H- v6 Which of the following definitions fits depreciation?
% h0 C- Q" c3 p5 |6 c+ aA Allocation of the asset‘s market value to expense over its useful life
1 N5 N$ e. D5 ~) |: n3 T L% x, UB Allocation of the asset‘s cost to expense over its useful life
( l/ L( v% @/ h2 n% T% c4 pC Decreases in the asset‘s market value over its useful life! T% t) k) f- c4 O' [' J! u$ E
D Increases in the fund set aside to replace the asset when it is worn out# T+ C C" b3 H# D2 L
7 In the balance of payments accounts， ______ are unilateral transfers
% h0 ]3 F. M8 `6 H$ `& e( yA direct investments in another nation‘s businesses
T3 s2 W; o2 \" }# wB international transactions in securities with maturities greater than one year
# R! R7 v6 U6 Z" ~C international transactions of securities with maturities of less than one year
- ]6 q0 V! z: ?7 @9 @% v! H# lD gifts and grants
+ Z+ g0 d( R5 v: X) c1 @4 R/ S* `( e( a8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in ) ~. K T) H6 } b9 [0 X) Z4 f
A a money market mutual fund0 N& `# y( c- ~( [
B a time deposit; ~; a" r9 d/ B4 `1 H0 W) A
C Keogh Plan
2 C" I5 P( Y6 L0 J/ a% vD a money market deposit account$ s0 ]" o6 o; F9 X% R
9 The central problem in economics is that of______
# k: Z' h1 x& A7 u% d. b8 t: uA comparing the success of command versus market economies! T* p) {. [4 |+ \' k# z3 r
B guaranteeing that production occurs in the most efficient manner; L( i& g" A; d) {: `
C guaranteeing a minimum level of income for every citizen# {8 q+ U) @" L1 ?# p: E8 a
D allocating scarce resources in such a manner that society‘s unlimited needs or wants are satisfied as well as possible10 Which of the following is the most accurate measure of a bond‘s interest rates? ______
! {. n; c9 t1 T& `# M rA Coupon rate/ ?2 D- J+ B" d7 T# e2 c& C
B Yield to maturity
/ t8 ]8 T; |; P- ^+ P# bC Current yield
K. T& X4 s! Y8 ~! o+ ID Discount yield |
发表于 2012-8-16 08:05:44
