1. Commercial paper ______.5 L! i, z! r& X4 a2 i
A. is issued mainly by commercial banks9 u3 {+ r/ b. o4 |% g
B.can be either short or long-term debt
& O& D" u/ \$ j$ G3 qC. is most typically issued in very short maturities, such as one or two months
1 T, Q1 L/ h. K+ c8 F# @D. ought to be considered a capital market instrument
# d; b! i* V1 e1 l$ J% y2. The expectations hypothesis assumes that investors regard bonds of different maturities .
/ j& [9 ?& H4 ~, s, ]1 |A. as perfect substitutes
* `! e2 k* {8 d0 LB. as not substitutes at all. @) H7 d2 m( V6 l, Q
C. as substitutes, but not perfect substitutes
& }7 ~# ~4 Y" w: w2 QD. none of the above
- q' O6 x+ ^) n) Z4 F6 k* N3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.) g* X9 X2 a" f' v( q% O1 r
A. 0.054 H" y7 M" B; O0 V% i$ W7 m
B. 0.5" F( ~! N9 ~% E! B
C. 55 i- K$ N. Q' i: C2 E X' B
D. 500 r: W5 C/ E8 d+ l" O5 u
4. Liquidity of a business is measured by ______.
1 y9 c2 T6 r& |' Q$ s2 \A. the rate of return on owner equity/ L$ c% c6 J3 V
B. the ratio of total revenue to total expenses incurred9 T" Z5 L2 t, K! A
C. the ratio of current assets to current liabilities
) ~- l: O4 F4 X2 x8 [D. the ratio of income to costs
1 K2 Q! `- |/ O6 p5 {5. Which of the following is an example of an automatic stabilizer? ______.
7 P' s" Q0 v3 U: p3 VA. A change in interest rates/ K) Q7 s8 S4 V+ q8 ^3 M
B. An increase in government spending1 i* }, p& k0 s; f+ _0 i9 c6 {
C. Lowering income taxes
- L1 a( D( U7 k0 r9 MD. Unemployment insurance6 X7 ]8 V# E, y
6. Which of the following definitions fits depreciation? .4 ~1 r. r& E+ ]& X- }
A. Allocation of the asset's market value to expense over its useful life
1 u( g9 B$ Q% {( B. A$ f0 l$ H9 EB. Allocation of the asset's cost to expense over its useful life% T- r, p3 N# g( M) U: U4 ^% ^5 X
C. Decreases in the asset's market value over its useful life0 z; V! r7 M ~: T4 G: @
D. Increases in the fund set aside to replace the asset when it is worn out
, b. {0 q7 ]: N8 g: J. M7 z7. In the balance of payments accounts, ______ are unilateral transfers.5 B0 t$ k' r' H" C9 G2 J/ y( W
A. direct investments in another nation's businesses
. g6 U' p# ]; e [9 l2 `, Q e- jB. international transactions in securities with maturities greater than one year
. W8 S, D: X& F; E' BC. international transactions of securities with maturities of less than one year( X( L; |5 K8 w* n9 F
D. gifts and grants
5 V6 ?* h4 d" Q; n5 }; I, e8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .9 D5 s. ?- k. B6 o5 U" P
A. a money market mutual fund: b' K4 R ^5 j$ v' e
B. a time deposit
! G0 |' Y/ p/ _3 G" D% ZC. Keogh Plan
~$ q) u, ]- ]- MD. a money market deposit account
5 C' I. w* c( \1 q1 L. k9. The central problem in economics is that of______.
* d1 g8 G# k. V+ [- eA. comparing the success of command versus market economies+ n8 M6 M. |% z e
B. guaranteeing that production occurs in the most efficient manner# K2 o3 q3 x4 m+ ]- e- N
C. guaranteeing a minimum level of income for every citizen
# r4 r# x, c8 }D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
0 j4 B9 u& t" S! O/ j; l" B
0 w* R( U4 {9 k; K; P# Z( h1 Y# @' G10. Which of the following is the most accurate measure of a bond's interest rates? ______.
9 e( D& c9 q+ [) _3 ~2 o1 f) gA. Coupon rate
: r$ k: q& m t5 c6 iB. Yield to maturity7 g. k4 M/ @) u0 T1 O; D/ X
C. Current yield
5 b8 U! J$ `: v- D$ ID. Discount yield- @. ]4 A1 N( P# k
11. Which of the following is a determinant of asset demand? ______.% _& Y4 M( V5 d \ h
A. Expected return
5 l( }0 Z5 v* s C8 T8 nB. Risk
6 a7 v! w* w: D. ?' s0 Q6 ZC. Liquidity
. B. ]4 g) Z! m9 K; B) rD. All of the above
% _2 n$ E9 H& [, a. t12. Which of the following items are reported as a current liability on the balance sheet? ____.& V3 s$ O4 v" i- s
A. Short-term notes payable
6 |" O+ X6 \% zB. Accrued payroll taxes) h9 j7 v9 o% ?5 I7 t8 K
C. Estimated warranties
& R8 H' y: j+ `9 k4 tD. All of the above
+ ~+ k W; D% a# d# S13. Which of the following is not true of fiscal policy? ______.
* V+ _8 P5 [* p5 k) ?& C$ k1 EA. Time lags occur with fiscal policy.8 w6 s7 u2 D( N% A: C; K
B. Automatic stabilizers help the economy.
* G* ^; a9 f/ V; |0 V* EC. "Crowding out" is not a problem of fiscal policy./ a7 E2 d. t( q( Y& w) K" R6 f
D. None of the above.6 ~6 u/ M% }2 Q
14. What distinguishes the mortgage markets from other capital markets? ______.. n- {0 M+ k- Q8 ?
A. Securities in the mortgage markets are collateralized by real estate2 J3 f/ V4 g2 J% s" L! w$ R& {
B. The mortgage markets usually involve long-term funds' Y& H$ ~0 {% T! X8 h1 _8 B9 C% h; i
C. Borrowers in the mortgage markets include individuals and businesses
" f) z7 M6 \' _7 Q$ w; u7 yD. All of the above' V6 G. Z$ k* @+ V. x! }( N; {( Q
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.7 T8 h( l- a' l0 b" q
A. withdrawal! O1 T: Q( T6 d: @0 J7 [* z
B. liquidation0 |9 w' x7 V s4 X, |, f, \
C. acquisition
- o7 \" l2 r# A7 t# C6 l/ s. iD. dissolution
1 M1 r! j: m+ D) r3 \16. When an investor is buying stock as an investment, the value of most direct concern is .
, n0 u C0 h# nA. par value( W7 r+ W* Y. w2 B, Z
B. liquidation value
3 y2 N. V$ [/ O" g% oC. market value( N; J% m: b; u8 V
D. book value$ n9 q" m u) S, U1 W% g
17. Autonomous transactions are ______.5 s) d* E5 g6 q6 c
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market7 L7 Z5 j8 }* d1 W9 X6 _
B. transactions that are not undertaken in the pursuit of commercial profit% ]* g4 @) Y& v3 C
C. transactions undertaken for normal commercial motives- E8 v# F$ {8 t, L$ Z( y! A" z* I( b
D. none of the above
) H+ Q3 x1 p: ~$ @' i9 ]( f0 G7 ^4 Z" U3 u9 `
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings . |
发表于 2012-8-16 08:05:44
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