1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.& U! K, t+ G2 P/ e% J" ]8 S# P
A. his voting rights are considered more important# `7 B( ^+ ^1 ]9 Q2 j; s' S
B. he has the greater right in choosing the board of directors8 `' E7 W9 C8 o5 n. V& u
C. he receives his dividend before the ordinary shareholder
3 U+ f& t3 e3 _7 R* g% J D. he has the right to buy ordinary shares more cheaply+ M% P/ ]3 C# b' {# X
2. What are the two major accounts in the balance of payments? ______.
6 Y. O. T/ O t6 n8 a8 E$ T* r A. Current account and fixed account
- w( J) C/ `1 Q) z- L) [ B. Capital account and deposit account
2 m4 a$ I Q4 H# |0 j C. Capital account and current account* t1 \& O& m" i! l! M5 |
D. The account recording transfer payment and the account including an offsetting transaction
9 D$ T% C8 x( U9 U0 K 3. Which of the following is not a financial instrument? ______.
& f, K) q2 b7 s7 } A. Treasury bills
3 U3 @) _: v g4 B( z9 l p B. Real estate
, ?4 C$ z, f# ^, W" ~ C. Mortgages0 H* O6 X* Q( P+ b
D. Stocks
' j/ l9 t5 Y$ i/ q6 |2 ` 4. The yield to maturity on a bond is ______.
& J3 b: m8 @8 o+ U+ t A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
( J+ k1 }- z% [+ I B. the discount rate that set the present value of the payments equal to the bond price
9 M6 I) ?! y3 J# l+ z& [ C. the current yield plus the average annual capital gain rate: k7 x- M% F# H/ r/ \
D. based on the assumption that any payments received are reinvested at the coupon rate
5 q- ~) t- v+ Q; g! }9 [5 ^* t% A 5. The annual interest paid on a bond relative to its prevailing market price is called its ______.! S7 `+ z% T0 R9 C% Y( a/ H' A' ]0 x4 }8 l
A. promised yield3 ^* V! s7 @- }* @( k) _" |3 G# H$ b/ u
B. yield to maturity0 x1 B! P* ^2 _ X5 X6 o
C. coupon rate1 C* D e1 \ o8 B8 A
D. current yield v* R6 o; U) ~3 t! x/ a
6. Rapid increases in the price level during periods of recession or high unemployment are known as .5 M) r: J9 x) r
A. stagnation, R* t4 ?% {( b: U; p: `
B. stagflation
& l0 j0 V5 m) z C. slump
$ B5 `( I0 E% Z D. inflation
# V0 v& ~2 G6 U! J& w! R 7. A person who left his/her job to look for another job would be classified as ______. `5 l+ h' o1 K" \4 g' z
A. structurally unemployed0 X3 D: h* d# ~! _
B. cyclically unemployed
4 a) e3 b, t3 g; g8 G% O C. frictionally unemployed
* {2 }4 B$ A, m' J D. no longer in the labor force
6 {1 s2 Q6 D6 b* i5 O; S, h 8. Which of the following is not included in a statement of owner's equity? ______.来源：2 b( r. `1 y' [7 @# {
A. Net income
8 l! I9 D/ ^& O- W B. Unearned revenue& ]8 G! F. ^- r$ |1 V
C. Dividend
% S y) Z4 q7 N D. Retained earning1 Z: h4 v4 a' @! ~/ o; [
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.0 X. l7 b8 w# {5 w
A. expansionary monetary policy and contractionary fiscal policy, h& }* w ^! a, D( I1 R W. M
B. contractionary monetary policy and expansionary fiscal policy
; d' Z. l& ~) I/ w9 a6 ~( {% _ C. expansionary monetary policy and expansionary fiscal policy
* ^9 P3 B8 X8 s3 K& H D. ontractionary monetary policy and contractionary fiscal policy
2 {% ]" [/ |. Y% m5 V0 l: g 10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.3 H2 V$ A b; r& j* O7 _
A. leisure...work
9 i, T5 `6 Z# |' P! ?- X- q/ Q B. work...leisure# o9 r( n! U" @+ q+ z
C. work...of all of other goods4 w1 _3 v' i& w# a
D. leisure...of all other goods
' Z, \: L6 K( a! S/ { 11. The federal funds rate is the interest rate ______., w( u0 e6 C) @2 H! ]
A. on overnight loans of reserves between banks5 z# n" }/ B" Q7 a
B. the government pays when borrowing from banks
* h* B1 d& }, @- ^+ ]7 h' L3 G C. on government debt
C. ?8 _: V7 s, ~" B8 R D. both A and B
+ p1 w" Z( Z8 q: ]' @* f; N: [ 12. A consumer's indifference curve shows ______.. t8 o2 |' k! P6 ]& e
A. all combinations of two products that a consumer can use' |8 |* V7 T* w( ?& B% `
B. all combinations of two products that yield the same total satisfaction to the consumer
* ~3 S- {. P% v I C. all combinations of two goods that the consumer can purchase with disposable persona income) O, M7 r9 D6 a$ ]
D. equal income for consumption
& V9 {0 `, t8 Z: e7 B' ~ 13. The value of any investment is found by computing ______.& o: u& k4 z% }; z
A. the future value of all future expenses/ l. E- L( ] f3 H% d$ M
B. the future value of all sales
4 H! e8 k/ u6 ^, c- y C. the present value of all future liabilities, M7 c- Z( L* J
D. the present value of all cash flows
) m" s! ^9 I0 s0 V, N 14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
' b Y; o9 \( n3 ^- l( E! s. z A. always consists of central-bank liabilities
( P/ x& i' n, R: t% l B. always consists of assets that can serve as commercial bank cash reserves
* A9 r6 M V. P$ d2 h* d* m, t. { C. always consists of gold coin! I2 Q3 \; G. n
D. must be a "fiat" money4 [7 d2 S, C a" p
15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
/ W; y% q4 P1 n# G3 F. S( f A. chronological
8 l+ X* [* B* U$ E) h B. term7 x$ \1 s7 Z) P8 M ]6 f% y
C. risk0 v9 \9 a' ^- p0 K/ I( I/ D
D. liquidity
# x1 Z2 X; y8 m% K: z( F4 ~ 16. An example of an investment pool is ______.
1 e: ]' O- A. y9 l( N' M W+ q A. a savings and loan association
5 U7 l2 c( I8 n+ d* W+ p B. a life insurance company
) w$ B* C3 h1 q4 ^- j C. a finance company# ^# e9 L6 O6 q# `
D. a mutual fund
5 X6 q5 H! H9 ^' I/ c! A1 H7 c3 G A/ k 17. Sustained downward movements in the business cycle are referred to as ______. |
发表于 2012-8-16 08:05:44
楼主