1. Commercial paper ______., t2 I; k H" L- F( m8 ^ F+ B
A. is issued mainly by commercial banks+ e' c( I, q4 x8 P% b( [; o$ \1 P+ Y
B.can be either short or long-term debt. \/ [. ~1 E s
C. is most typically issued in very short maturities, such as one or two months
2 L/ z j2 v; Z1 L0 h+ D1 G# C D. ought to be considered a capital market instrument
3 ?8 S2 p1 `8 j0 z8 E; {$ D5 ^' M 2. The expectations hypothesis assumes that investors regard bonds of different maturities .8 T4 b( K5 C- Z
A. as perfect substitutes
/ N# K/ t% t: S B. as not substitutes at all
6 b/ w+ k+ v# G' t& Y C. as substitutes, but not perfect substitutes+ k- C, ~! w, o% v, _" ^3 b7 M
D. none of the above
. b) z- x: o: D, O X9 e6 W 3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.- Z: x! M- w* p h, ~8 X
A. 0.05% s( `& Y. z7 c% z3 H# y4 H/ x- r @/ @
B. 0.5
" |) S8 x) N7 P* F' x/ `- W9 S C. 52 W& S; u, i7 p- s4 e
D. 50: U2 `; [" B! r9 s7 W
4. Liquidity of a business is measured by ______.
- y, I; Z& M' ~0 l7 t" k/ @ A. the rate of return on owner equity9 e& h/ l/ u8 w! h& x* m
B. the ratio of total revenue to total expenses incurred+ u9 R7 I: k6 a2 G& f5 }0 Y
C. the ratio of current assets to current liabilities
. Z8 y& i6 A* s3 U2 K3 H D. the ratio of income to costs
; _# Z4 _& K% I* c 5. Which of the following is an example of an automatic stabilizer? ______.
. X3 l) l0 i8 ] A. A change in interest rates/ Q3 V9 ]* L: g, h' h7 x
B. An increase in government spending$ R: r; K; a, T
C. Lowering income taxes) K, {* v' t2 [$ d( U1 C
D. Unemployment insurance; H; ~" l$ K0 m/ y: D
6. Which of the following definitions fits depreciation? .
; S E9 ~- Z* a& ~$ u A. Allocation of the asset's market value to expense over its useful life3 d4 N2 k3 y( g! J
B. Allocation of the asset's cost to expense over its useful life: f k, N; l' a
C. Decreases in the asset's market value over its useful life9 k3 n, s6 e9 p3 n
D. Increases in the fund set aside to replace the asset when it is worn out
w" u" q4 h: O' m+ x 7. In the balance of payments accounts, ______ are unilateral transfers.
& V' Q) ~: T7 q7 |/ ~+ m- D. { A. direct investments in another nation's businesses
$ K3 {3 k& u4 j5 N# X7 @ B. international transactions in securities with maturities greater than one year
9 ^5 M% V3 y6 s1 L0 j) v4 W* d C. international transactions of securities with maturities of less than one year0 S2 \: d6 R* B! ~* u
D. gifts and grants
( W2 f1 B6 F' G a0 y$ w 8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .6 C i u4 F8 M
A. a money market mutual fund
% g" |7 Z, o, o% N4 _4 T8 u B. a time deposit
; \% V/ \% ?* n1 I, y* f C. Keogh Plan
2 W0 L+ E, Q6 W9 O* L- \) N D. a money market deposit account
9 ?4 ?7 t. c9 h8 f) a 9. The central problem in economics is that of______.
" ?' n9 E7 B; G7 Z- u- t A. comparing the success of command versus market economies" m. t! U9 w) V. h* C# D! }6 l
B. guaranteeing that production occurs in the most efficient manner
3 D3 N, s- `* o( A% M7 X C. guaranteeing a minimum level of income for every citizen% }( ]" t5 q- e; _4 z" j
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
& A- G; e2 a& E& m' J6 b. W 10. Which of the following is the most accurate measure of a bond's interest rates? ______.
! f' r+ r. w! X0 Q. L% i% c; l A. Coupon rate) t* H& J. W! u, d2 j$ \6 h
B. Yield to maturity
: F; u- F, C- C4 C+ F/ a# r C. Current yield
: Q& ^. x1 Y% J0 y D. Discount yield |
发表于 2012-8-16 08:05:44
