1. Commercial paper ______.
" M! q! l% P& l# d0 WA. is issued mainly by commercial banks
/ B, X; v0 X9 E! PB.can be either short or long-term debt9 F1 t2 \& E" t8 d
C. is most typically issued in very short maturities, such as one or two months! i) }3 W7 f- |5 D7 b
D. ought to be considered a capital market instrument
# H8 O7 f. C+ R2. The expectations hypothesis assumes that investors regard bonds of different maturities .% {3 h5 [1 }, Z( `% d
A. as perfect substitutes; u/ X# k7 t5 h" y3 w: M. w
B. as not substitutes at all
5 _0 b9 r- T" EC. as substitutes, but not perfect substitutes; A0 f6 a3 l) q3 v
D. none of the above; \# W0 _" I/ @3 {2 ]
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.! s ~- a( {6 K9 {3 D
A. 0.05
, F, Z! X& [2 f$ JB. 0.5$ X$ |1 e( f! |- J) g+ }
C. 5* W% p* f8 O1 ?
D. 50
- D' {9 C: R" h: i4. Liquidity of a business is measured by ______.
& ?$ d( c$ x r; x- C* n; [! ~A. the rate of return on owner equity
% k& }( M+ P% _% SB. the ratio of total revenue to total expenses incurred5 D' N! B4 ~3 q0 {/ I' l! G; V
C. the ratio of current assets to current liabilities
& r8 y. v! a+ M( J+ X- eD. the ratio of income to costs8 w/ b8 F: L4 ^, z# |, L
5. Which of the following is an example of an automatic stabilizer? ______.
, a: Z! r! f" ^$ nA. A change in interest rates
' s' ]) s+ [- \) uB. An increase in government spending
' r5 g I. Q9 ?/ I$ J6 eC. Lowering income taxes3 O _& G" a1 s: Z! E
D. Unemployment insurance
8 y! ^$ [$ o% a- T6. Which of the following definitions fits depreciation? .4 K9 K, }7 B4 x* l6 @" S
A. Allocation of the asset's market value to expense over its useful life! |# Y. o' t+ u# I* N
B. Allocation of the asset's cost to expense over its useful life
# F$ r- z& X& o0 V; S3 ]C. Decreases in the asset's market value over its useful life
/ L4 @# K& l& t* l5 d2 o. rD. Increases in the fund set aside to replace the asset when it is worn out2 S d. p" `7 r v/ H/ w
7. In the balance of payments accounts, ______ are unilateral transfers.6 a2 R t4 m6 [! m! v2 m
A. direct investments in another nation's businesses# z+ r6 m, ?* J# j/ Z
B. international transactions in securities with maturities greater than one year/ v* o F% k% l. F5 p; Q% d2 p/ f5 E7 `
C. international transactions of securities with maturities of less than one year9 v; `; h; y) \/ ]- @
D. gifts and grants
u* w+ t% W/ r+ n6 @4 L8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .1 u: L9 s0 [! W! ^0 @ p" x* |; a
A. a money market mutual fund
( D- f# L3 @3 P3 g+ ~B. a time deposit
. M' m, P4 ]& z! F0 FC. Keogh Plan
7 J. R3 S: [! h; }D. a money market deposit account! k, i6 J) t8 e: {0 W4 o
9. The central problem in economics is that of______.
% x; [8 q+ S1 \$ L6 v" ?$ ^A. comparing the success of command versus market economies3 H' h- R( a$ d8 @
B. guaranteeing that production occurs in the most efficient manner, m( i: P& \3 Y: O. i; ^! |. b
C. guaranteeing a minimum level of income for every citizen' _: b' ?# J d( P9 P5 O
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible , T$ W5 m9 Y# M* E
+ g M9 y: A% b
10. Which of the following is the most accurate measure of a bond's interest rates? ______.
" `. `/ S& G/ z# rA. Coupon rate. C6 P |) E% b) m2 z9 Z
B. Yield to maturity
0 @! |* n! Q# X( v9 T; |C. Current yield
9 R; Q+ O' a1 q3 A1 ED. Discount yield( Y( i# ^6 z J' c9 Z6 A, |
11. Which of the following is a determinant of asset demand? ______.! J- \" w) [2 @3 G6 u( O
A. Expected return! @: M8 S+ G Y ^8 o
B. Risk/ l8 Y. _! Q8 t1 _6 t1 c
C. Liquidity% O7 A) T9 I2 q2 A$ {9 T
D. All of the above
9 W3 i7 M1 w, i5 D* K3 m12. Which of the following items are reported as a current liability on the balance sheet? ____.$ t% F) C* w% K$ J
A. Short-term notes payable5 f* K# W: C/ r/ ^. ]3 S
B. Accrued payroll taxes
0 l% M) a. [1 gC. Estimated warranties( s% D( t# s( G7 c7 U
D. All of the above, p7 O! I/ f$ Y2 W4 v4 A
13. Which of the following is not true of fiscal policy? ______.: p; ~0 d, Y# I L0 `, `) y/ H
A. Time lags occur with fiscal policy.
- s# L! X9 l! `+ s" y6 f7 ^( PB. Automatic stabilizers help the economy.& c: j _) N) I8 K7 p8 M' [
C. "Crowding out" is not a problem of fiscal policy.4 ]3 K$ @/ T5 m
D. None of the above.
5 Y( F$ b6 \: c! Y2 I14. What distinguishes the mortgage markets from other capital markets? ______.9 r4 X( b/ A# l4 C" I
A. Securities in the mortgage markets are collateralized by real estate/ c% L6 y' B7 W7 g( e9 ^& j
B. The mortgage markets usually involve long-term funds
/ i$ v& V7 z1 o1 v. [8 oC. Borrowers in the mortgage markets include individuals and businesses p) T% |# F/ ^7 J" c2 z$ [6 l) u
D. All of the above U7 x# `4 }; t! K' O5 d: Y
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.- [% t9 f" ` a* ` A
A. withdrawal
; J; y6 P E& n2 b1 l2 v5 ~B. liquidation5 R r6 }8 |3 F9 {0 k
C. acquisition& ^; ?5 I' G6 t
D. dissolution8 z- s2 f8 }% A f: V7 B3 a7 j
16. When an investor is buying stock as an investment, the value of most direct concern is .
. w2 L$ j: f5 J0 G1 i# WA. par value
$ h( P/ ^0 @! z) F3 h% YB. liquidation value0 O5 r1 T% k9 R
C. market value, D' t7 @4 T# S# L4 s: H
D. book value+ d# B7 P/ ?- C
17. Autonomous transactions are ______.
$ r) x( X9 o2 I% ~' z. HA. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market
- w! x! p5 j1 X8 @B. transactions that are not undertaken in the pursuit of commercial profit! A1 {# ]& t- h
C. transactions undertaken for normal commercial motives
9 B) x- f5 n* E; v( ?, i: ND. none of the above
& Q! E+ _. N+ K. w H4 J# p4 s7 q% o- M2 u1 g; P
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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