金融英语 ：模拟习题（2）

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1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
A. his voting rights are considered more important
' [( \8 h' f/ t9 J3 X# S. MB. he has the greater right in choosing the board of directors
1 [! d7 [  k1 M% SC. he receives his dividend before the ordinary shareholder
D. he has the right to buy ordinary shares more cheaply
2. What are the two major accounts in the balance of payments? ______.
5 I& A0 w/ [$ {$ vA. Current account and fixed account
* R! k# f8 u2 }B. Capital account and deposit account
C. Capital account and current account
D. The account recording transfer payment and the account including an offsetting transaction
9 \9 r4 L' V  ~$ J3. Which of the following is not a financial instrument? ______.
& h* Q; c1 l( K' R2 KA. Treasury bills
! E3 E  u, {# h) D) z! T& O, ?: IB. Real estate
+ g9 d2 P' x- w! b* y3 C' u4 aC. Mortgages
5 `* j! m( D0 f) K( {9 h+ [, A* jD. Stocks
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
: H; Y8 p7 c/ }B. the discount rate that set the present value of the payments equal to the bond price
1 S" R+ N* A3 n: VC. the current yield plus the average annual capital gain rate
: _0 @4 i5 Z# z) m; @D. based on the assumption that any payments received are reinvested at the coupon rate
0 e0 L4 E$ D# x; S: @5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
2 z2 G5 N5 Z; B" d) c8 `, YA. promised yield
B. yield to maturity
( f) i1 i/ W% uC. coupon rate
3 x5 D* Q: q; TD. current yield
6. Rapid increases in the price level during periods of recession or high unemployment are known as .
A. stagnation
B. stagflation
C. slump
3 D+ n4 H, ^. V4 B! c" {D. inflation
" T  B# Q  Y! l0 f5 t$ _4 n7. A person who left his/her job to look for another job would be classified as ______.
A. structurally unemployed
B. cyclically unemployed
* G/ D3 `) E4 l+ v) H- AC. frictionally unemployed
" g) F4 O1 k/ M, L5 ~9 q1 R) m8 yD. no longer in the labor force
8. Which of the following is not included in a statement of owner's equity? ______.来源：
4 ?3 e- \) V( h" _3 S/ oA. Net income
B. Unearned revenue
  K& ?1 _8 x, Y1 ?C. Dividend
D. Retained earning
$ Z3 E4 ]8 X/ s) Z' L: ~3 ?9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
/ e0 t- J) L" {/ u9 A1 Z! H. `A. expansionary monetary policy and contractionary fiscal policy
& [$ `5 l" o, p2 {B. contractionary monetary policy and expansionary fiscal policy
  P8 g, I' g+ r9 {. Q- y+ @C. expansionary monetary policy and expansionary fiscal policy
D. ontractionary monetary policy and contractionary fiscal policy

" H* H6 k$ l% `$ y0 {+ x9 `) [10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
4 [  W# r' s: C% Q! J4 b( MA. leisure...work
B. work...leisure
# }' f" o. r2 Y: K, ^C. work...of all of other goods
' i# e# G. r, ^" H8 F" c5 wD. leisure...of all other goods
( q5 z5 S% t  C" {/ G" O11. The federal funds rate is the interest rate ______.
" Z# S( j/ y/ ]  E) |- c# LA. on overnight loans of reserves between banks
* u7 q4 E+ k( X/ kB. the government pays when borrowing from banks
- |: C: e* K* M0 v! [/ D( j! D7 }C. on government debt
D. both A and B
) e" ?" m9 x9 @, |; E12. A consumer's indifference curve shows ______.
A. all combinations of two products that a consumer can use
B. all combinations of two products that yield the same total satisfaction to the consumer
* f! c5 Z3 e' x, ~. }6 H4 vC. all combinations of two goods that the consumer can purchase with disposable persona income
# I& m( U3 b5 i, O2 ^( w) x8 mD. equal income for consumption
13. The value of any investment is found by computing ______.
A. the future value of all future expenses
B. the future value of all sales
, T3 D0 R% \6 N! R" @, d8 A( R  SC. the present value of all future liabilities
& t8 G  ~9 k5 F" I4 pD. 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 .
A. always consists of central-bank liabilities
B. always consists of assets that can serve as commercial bank cash reserves
& f: \: ^* v( P% YC. always consists of gold coin
. v* q. p% v5 I1 kD. must be a "fiat" money
15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
& a6 {5 R/ P4 G+ I" U. p1 S. D8 ]& w( MA. chronological
B. term
C. risk
D. liquidity
16. An example of an investment pool is ______.
5 r8 n* Y0 U! \! sA. a savings and loan association
, I5 w0 ^# _( \1 AB. a life insurance company
5 D2 g" \8 `7 c' u1 V6 b+ J8 IC. a finance company
D. a mutual fund
' T3 i: m5 L  r0 [, e7 r6 l17. Sustained downward movements in the business cycle are referred to as ______.
* O& }5 L% u* X( }3 eA. recessions
B. economic recoveries
4 j/ D5 ]7 D0 I6 \4 B, |% aC. inflation
2 y, t+ k3 W4 m6 Y/ gD. expansions

+ `+ L7 s8 d+ Z/ t, g: @8 ^9 h# M18. _____ 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.

会计考友

A. A private bank
B. Private banking
( M( U% i0 ^+ T$ N2 }4 IC. Personal banking
  r* F8 i/ W* d; xD. Retail banking</p>19. Which of the following can be described as involving direct finance? ______.
A. A pension fund manager buys a short-term corporate security in the secondary market
$ r! U0 r# g7 q6 Q* aB. People buy shares in a mutual fund
5 C# Z2 j) O  E. O' ^. PC. A corporation issues new shares of stock
D. An insurance company buys shares of common stock in the over-the-counter markets.
/ u5 e- v- a/ K7 s3 |; Z20. A call option gives the owner the right to ______.
A. sell the underlying asset at a fixed price
B. buy the underlying asset at a fixed price
& f7 Q" T9 [9 j  k0 oC. convert the underlying asset at a fixed price
D. take delivery of the underlying asset at a fixed price