1. Commercial paper ______.7 t: _5 V9 L1 p* {
A. is issued mainly by commercial banks' e5 l$ Z4 B$ Q( m3 b
B.can be either short or long-term debt
& V& p/ H! ]9 z0 c/ v+ DC. is most typically issued in very short maturities, such as one or two months
: r# j' I6 L# O, XD. ought to be considered a capital market instrument: ?% \0 x" F5 z% N* R
2. The expectations hypothesis assumes that investors regard bonds of different maturities .4 O; Z8 N# n- \. ^* l5 ~
A. as perfect substitutes; x' x6 Z3 i1 f: J7 Z: z
B. as not substitutes at all
; e1 g' E1 }. r9 C1 c6 _+ PC. as substitutes, but not perfect substitutes
) t8 k; q0 T5 [+ s4 b+ GD. none of the above( C' x+ C3 A v1 R6 y
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
& j$ ]* M3 r/ ]8 P9 ^ d& gA. 0.05
d$ q. l! a9 v9 J2 x+ A: ~B. 0.5
& y( ~& z% {! Q& N4 r/ b4 o8 i- \C. 5
' K: a$ p- A- Z; {/ x' B6 oD. 501 I% L) \) M5 E+ [$ w9 L3 A
4. Liquidity of a business is measured by ______.
% N/ ^+ z7 p& N0 y0 \A. the rate of return on owner equity# }9 X! g# \4 z3 @
B. the ratio of total revenue to total expenses incurred6 l2 |4 b: s1 `
C. the ratio of current assets to current liabilities8 n( S: N" g' s% l
D. the ratio of income to costs
8 U$ Y0 H( ^' U' ]7 h5. Which of the following is an example of an automatic stabilizer? ______.+ j/ ]; p- ]+ }4 E2 Z6 P# M
A. A change in interest rates
# t3 w! ^0 u* Z# g9 ?B. An increase in government spending
. f$ a, O" y) N' K [+ T; R3 g7 PC. Lowering income taxes
0 q' K9 x% r: C' e4 ^D. Unemployment insurance
5 ^& v8 k% ~* m- n1 ~0 K6. Which of the following definitions fits depreciation? .
9 j4 K9 j; Q2 S- K" q+ q1 rA. Allocation of the asset's market value to expense over its useful life
. ?7 _. d' `) [3 N1 o( H1 H: cB. Allocation of the asset's cost to expense over its useful life# Z* Z7 s8 B1 Z) f+ b0 a K* |
C. Decreases in the asset's market value over its useful life
# G+ I6 E2 w0 V$ l* ~; }D. Increases in the fund set aside to replace the asset when it is worn out' |0 C B8 {* Q$ F) e1 v0 Y3 S
7. In the balance of payments accounts, ______ are unilateral transfers.. V; P7 D* n; w
A. direct investments in another nation's businesses! ]1 I( G7 g" i9 A
B. international transactions in securities with maturities greater than one year2 p; f4 e* B7 D: t0 i
C. international transactions of securities with maturities of less than one year
( k* ^: U3 l6 r7 s' S# y) s8 fD. gifts and grants
2 ?$ W! ^& g* f8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .1 {6 b: P% b; ^6 J6 m" o u
A. a money market mutual fund
" D1 T2 \" q: ^* d+ y3 YB. a time deposit
- Q: Y5 ]2 ]" ]* [C. Keogh Plan
( I) S6 o; r- v0 H% h9 ED. a money market deposit account
: n9 B# O, S4 e! Q7 x5 y1 j9. The central problem in economics is that of______.! B6 W, v( q$ f/ m+ z9 N
A. comparing the success of command versus market economies4 T% V/ N% @- a4 c! F, `$ m
B. guaranteeing that production occurs in the most efficient manner4 K8 v m" y' e
C. guaranteeing a minimum level of income for every citizen: z) @) q# i' x3 h' u
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible ; q! O; x4 M* C/ \5 ?7 R
: u8 X4 h; e) U# e
10. Which of the following is the most accurate measure of a bond's interest rates? ______.
9 ~8 N0 {' g' w) e& KA. Coupon rate
3 s- S$ q9 O9 e: Z: E; c8 i( ~B. Yield to maturity
/ {8 a( m2 D k3 [# v2 RC. Current yield
9 K8 l- ^( P! u( k W* C! _* [D. Discount yield
2 d) x: L( v _% Q11. Which of the following is a determinant of asset demand? ______.9 m S0 j/ q* g" ]+ t/ g# \
A. Expected return* ~+ @2 i" b% b7 g, g
B. Risk
6 F0 n; \9 J( T/ E! PC. Liquidity
6 w" J7 m0 J r5 `D. All of the above
7 M4 g: Y4 s7 _: h3 S' B9 i3 z12. Which of the following items are reported as a current liability on the balance sheet? ____.) P- R! d5 }9 y( K# ]4 b; ]
A. Short-term notes payable# V2 J5 N3 c' q% L* c9 d, Q* J$ v
B. Accrued payroll taxes0 I2 U4 p6 Q8 ~% M! A0 G1 y
C. Estimated warranties
9 o5 I9 [0 C" m+ j$ |6 j6 j# iD. All of the above
5 a t t+ k) T1 X3 T# V9 W13. Which of the following is not true of fiscal policy? ______.
( o% l! _: z2 A# o S. RA. Time lags occur with fiscal policy.
! y# E/ M7 O- O+ c' k3 Y6 SB. Automatic stabilizers help the economy.6 G' ~( w: w+ \6 o6 w9 H& {! b
C. "Crowding out" is not a problem of fiscal policy.
6 x* n, h- }& \, o3 T2 X9 `D. None of the above.
9 T% X: Z7 F, h% d7 N2 S14. What distinguishes the mortgage markets from other capital markets? ______.! E- X; c$ \0 D+ V! Z& X4 C* }
A. Securities in the mortgage markets are collateralized by real estate" ?$ M, m3 V7 _/ }0 u' k
B. The mortgage markets usually involve long-term funds) @1 G T, a* B$ j/ E
C. Borrowers in the mortgage markets include individuals and businesses
9 C; l C* C1 d. d6 `5 cD. All of the above
& B( O9 N! w! @, M( o15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.
% F5 R* f) y6 L8 \A. withdrawal
. r, e/ O4 |( C8 ]# x; |0 w) F0 d7 kB. liquidation2 i) _$ D, F. X4 Z/ w2 [: L7 \
C. acquisition
* J% A$ R3 D# rD. dissolution
$ V$ e$ A0 L9 u16. When an investor is buying stock as an investment, the value of most direct concern is .4 w8 |/ b" _5 B. j
A. par value9 S. Z' k9 h7 y
B. liquidation value
# ^( M9 G0 k# \7 FC. market value
& v" a1 g3 C, M3 m9 w7 BD. book value
/ B: |/ V2 D6 }; V4 i17. Autonomous transactions are ______.# m1 f. x& V6 _6 B
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market, X: Q: W# I; o4 c; F
B. transactions that are not undertaken in the pursuit of commercial profit
) P+ \% A! \8 F' o2 z* YC. transactions undertaken for normal commercial motives2 x2 _1 m9 }* }/ a+ o7 X
D. none of the above' u1 S' r. B2 a' G; g9 \: {
% ]; M; F0 I1 h0 V& h, l. N+ N i# ?
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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