11. The value of money varies _____." \2 ^& F* J, g1 o% l: E; U
A. directly with the unemployment rate
. ?5 G9 b1 G$ g% }8 T# J B. directly with the price level0 u4 d% h7 }/ ?' s% m8 f
C. inversely with the unemployment" @' L4 g; e1 s$ H4 T! j
D. inversely with the price level
5 \( Z$ M+ p0 C4 z9 {, t( q 12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.# A! k1 u: J/ C4 F
A. the dollar has depreciated relative to the yen
3 l* z" P P! b B. the dollar can now purchase more yen/ n+ M4 i4 A2 Z9 S$ o
C. the yen can now purchase more dollars0 O1 }% M% P+ B6 Y
D. the US trade balance with the Japanese economy has improved; N8 n) G$ X/ G5 Q) `4 m7 k
13. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.
: L' O2 a& X9 h# R" r) H A, [) A A. price feedback theory2 G8 u; \# `3 P& ?6 X( t
B. trade feedback theory& X! F9 {0 E* r2 S n
C. purchasing power parity theory# V9 j7 h- |0 p
D. J-curve theory
8 s$ o6 `( V7 K0 M 14. According to the optimal portfolio theory, where should portfolios lie? ______.
! [% e4 M, y$ }3 C% p* [# @' Q A. On the efficient frontier
. a# n) F+ M; R# t; `7 F. Y B. Above the efficient frontier% r1 Z0 o+ s" D( `9 Z
C. Under the efficient frontier
/ R F: ~7 X1 C D. Anywhere, as long as the portfolio is diversified
4 X+ |) R' s' B' t0 [7 }; w 15. Which of the following is not a user of management accounting information? ______./ a* c5 d/ ^4 ]1 y" j3 r4 Q
A. Store manager
6 [, Z9 ?# b# I! D1 v B. Creditor
8 b* a! g# W# K, y6 c C. CEO2 f- y% l- `7 H$ ~0 e% |+ x: }
D. CFO" R# I" V1 l: e1 x; E0 p# B
16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.
* Z J/ v9 T& m: g+ S Market Condition
+ m' k. `2 l5 E, U8 y' H& f/ M bear Normal Bull; |0 z$ A U% I
Probability 02 0.3 05' _5 L+ Z' q0 ?+ t) q
Rate of return —25% 10% 24%
: Q% g8 }& Q+ r' D& n A. 4%
3 }' B/ G: C4 j( x B. 10%6 j: s2 M: w& q9 Z! u( ~: H
C. 20%
i2 h4 m% q0 V8 t2 w) v+ f D. 25%7 \) h S/ R, d" C5 B a$ z9 `
Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).
( l, ?* d6 @# C9 J5 l# h. K Bear Market Normal Market Bull Market
3 Y6 m$ q7 Q7 i% W6 c+ y Probability 0.2 0.5 0.3
5 Q) P7 P! a1 [( N# [: P Stock X_ -20% 18% 50%
4 t" N+ |! `* w0 Q% B2 x Stock Y -15% 20% 10%
) c: F/ g- a% G7 u 17. Financial markets serve to channel funds from ______.0 L6 U6 J6 k1 @$ c2 l* K! x4 u7 c& v
A. the government to contractors, W' M% I7 d1 V! W
B. investors to consumers" S( ?9 M5 J; X7 y
C. consumers to producers
) Z B; }; e- V, J D. savers to investors, F2 z6 G5 n* m. k7 B. N; `# q/ U
18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .
* O1 R: y$ u8 J% Z4 Q A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency0 E: B: B% k: \0 ~
B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations
# E' L' v. G! |5 n8 R8 m! ] C. that prohibited governments from intervening in the foreign exchange markets
, d( {" G1 o) Q3 S* _+ j, h D. in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading2 |5 E# j8 d) c5 G
19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .: P! T& W* a# U3 S; U( |( h7 K, M/ A
A. Assets are originally recorded in accounting records at their cost to the business entity* m! ], E4 G3 w- v
B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion# f, I$ o3 f7 d4 J3 e! K2 [
C. Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market prices! c( W) A ^# k( p( y7 F
D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions
7 ^+ O! c* o! R2 _ 20. A fiscal expansion in the UK ______ the pound sterling.
d6 ^9 m: F4 G! V! N) X A. tends to appreciate4 B/ B$ H" P6 A; b7 V2 \! t
B. tends to depreciate$ |8 j& @! o. n M- ^7 w/ L
C. does not affect the price of
! ^: Z. [, N' y) P7 U# H# O1 {. b5 o D. has no predictable effect on the price of
8 A/ C2 ^1 Z- k3 |) j' n- F, I 答案：5 V9 @) m/ t* I5 \- q- i
1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B
* e& y9 e9 ]- w- \( ~" T 11.D 12.B 13.C 14.A 15.B 16.B 17.A 18.A 19.D 20.A |
发表于 2012-8-16 08:05:44
