1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
. {6 @8 W) s- I+ FA. his voting rights are considered more important
; V6 `. B! [* h8 Y6 YB. he has the greater right in choosing the board of directors% N: w* A- Q. C& ~ A
C. he receives his dividend before the ordinary shareholder
- S) n1 U. A. C1 t8 L- bD. he has the right to buy ordinary shares more cheaply' b: p' w' g/ z: B
2. What are the two major accounts in the balance of payments? ______.; V0 a' S6 c7 b0 q
A. Current account and fixed account # D$ d1 d% B4 k- T) u) p
B. Capital account and deposit account
3 O, R: y( `6 F' h7 MC. Capital account and current account2 ^' k: `/ a/ s+ Q
D. The account recording transfer payment and the account including an offsetting transaction
6 n' g; T6 i/ k2 j3 C3. Which of the following is not a financial instrument? ______.
; z% T4 Z! r( l7 V, a6 W1 \' ^A. Treasury bills7 b, x2 }, S( }" C1 f
B. Real estate
' `. Z* h. b( X' p% ~+ qC. Mortgages. \6 N- F4 d! s8 J+ ^4 A
D. Stocks8 M R" n2 @5 {' C' E
4. The yield to maturity on a bond is ______.+ V! m4 k' }1 k/ ]4 Y1 T- m
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium- Q0 Q) @! u& R1 I6 Y
B. the discount rate that set the present value of the payments equal to the bond price
* s# W1 C' d: l( z7 cC. the current yield plus the average annual capital gain rate
( w0 @: t/ y3 I g: |4 ED. based on the assumption that any payments received are reinvested at the coupon rate
% ~5 a1 R) a+ H+ B0 [+ w* B5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
8 [4 S& ?4 G1 s2 lA. promised yield
+ o9 w, N# G1 t# PB. yield to maturity" E$ K6 k+ J1 a9 b( n u
C. coupon rate
9 N% U1 q& C9 \: ND. current yield
/ X, z% F9 Q( k' ?6. Rapid increases in the price level during periods of recession or high unemployment are known as ." w4 t$ y0 d+ p4 f1 \8 i
A. stagnation
& v1 h0 u1 l8 cB. stagflation
" J2 j" H7 s4 uC. slump8 @" h3 k/ ^, z4 P
D. inflation
3 g1 e2 t ^6 M# s; R7. A person who left his/her job to look for another job would be classified as ______.
' M! u: t4 P& ^2 I4 s6 lA. structurally unemployed2 E3 t: f1 s C l/ [+ B* R& I* H
B. cyclically unemployed
7 Z( ?- ]! `; Z' S+ EC. frictionally unemployed
' ]+ o0 `5 j& U& M; G% ?/ YD. no longer in the labor force: X: p9 J8 W% ?* H5 R
8. Which of the following is not included in a statement of owner's equity? ______.来源：2 m+ V% W3 m8 z9 ]
A. Net income
' ?, y- C4 o9 }7 nB. Unearned revenue
' q' z" T3 L/ \: [6 yC. Dividend
+ u! E. j! m* B% {/ ]D. Retained earning! n* l' N& ?* j
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
0 }$ x$ ]* D: b @6 yA. expansionary monetary policy and contractionary fiscal policy ~+ H+ y- G8 v) K. o$ ^
B. contractionary monetary policy and expansionary fiscal policy P/ P* j+ l ^& m! t# W
C. expansionary monetary policy and expansionary fiscal policy
( ?- }" g" z3 L( W: Y: O% uD. ontractionary monetary policy and contractionary fiscal policy ( s0 N% q6 ]- T! M
/ h1 ~8 E5 H. n5 r
10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______." I' C$ @, w# ^; ^8 G8 M
A. leisure...work" Q4 Y+ O3 p1 g e1 ~$ I+ c% b
B. work...leisure; c. w. N1 y( c8 T' p1 l, d
C. work...of all of other goods' }( A6 F$ q" k9 k& E S
D. leisure...of all other goods
8 P- r7 e3 Z! l8 [" H11. The federal funds rate is the interest rate ______.: M. g7 \) \9 t8 ~, ?) V
A. on overnight loans of reserves between banks0 j+ ~1 E( }& ` S' W6 F. U
B. the government pays when borrowing from banks# n P' y3 S1 Z
C. on government debt
. Y* R L0 w8 s& U0 a0 Y( XD. both A and B) [( j6 v0 z2 w) H) J. G' x/ q$ T
12. A consumer's indifference curve shows ______.1 r/ l. q, ?2 [+ q$ A( v7 K
A. all combinations of two products that a consumer can use
, B- U$ S1 S; J4 [B. all combinations of two products that yield the same total satisfaction to the consumer/ ^7 w9 L" ~& m& @& `5 I# E. o
C. all combinations of two goods that the consumer can purchase with disposable persona income
: O" j8 } I! Z" E9 m% V t; bD. equal income for consumption
: _5 {, L8 M& V6 D6 o+ ^13. The value of any investment is found by computing ______.1 s, {0 l+ u5 C( Y* \5 B0 [* j* y! r
A. the future value of all future expenses
2 ^1 G7 |4 z6 w# CB. the future value of all sales
2 S4 ^' e: ^4 t6 d. b4 _C. the present value of all future liabilities
D2 v& I$ W D" xD. the present value of all cash flows+ Q( i% D! e, a0 o
14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it ., o7 @# a, B& Q. A* V
A. always consists of central-bank liabilities
6 _7 D4 Q: q+ v: @$ AB. always consists of assets that can serve as commercial bank cash reserves( P% `* M; |6 S+ n
C. always consists of gold coin
: h$ N0 _; B* @! B6 ND. must be a "fiat" money
$ o& F% P; n4 z" A9 Z% t3 Z15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
w. Z3 y9 h& D2 o# j" Y3 mA. chronological+ M2 a3 G! S |9 \$ }5 p2 x
B. term
% J+ D+ U J/ F- b) _C. risk/ D: d# p7 M9 m5 Q8 V
D. liquidity# T/ L# v$ V, a0 A* d) f' W; V
16. An example of an investment pool is ______.. X' {9 ]) x* @( L! ~+ z }9 W
A. a savings and loan association
3 |4 x& {. [8 X4 v+ j6 r9 oB. a life insurance company
; Z9 o2 o* O& Y3 U" I4 pC. a finance company
a& ^, G& c, R* v7 U6 e, W& yD. a mutual fund2 \' {: y2 [8 q d/ M' ~
17. Sustained downward movements in the business cycle are referred to as ______.0 ]7 }% ?& k, a( H4 J n* H) @$ ~
A. recessions6 w" D( U1 B: z3 A
B. economic recoveries- m' ^( a9 [$ d
C. inflation
" n# U, W/ {2 Z% W9 hD. expansions7 k" { z& Y/ `9 `, R9 T) F
$ v- W9 j( Y8 H1 N18. _____ 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. |
发表于 2012-8-16 08:05:44
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