金融英语模拟试题-FECT-(2)

会计考友

1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
5 m" k/ m4 O% _+ S2 i) G1 N/ OA. his voting rights are considered more important
B. he has the greater right in choosing the board of directors
: z% P, Q% ~5 G# d- {C. he receives his dividend before the ordinary shareholder
$ K; ~* L: r0 }* q4 G$ PD. he has the right to buy ordinary shares more cheaply
; R: e  k3 m- t: P3 c2. What are the two major accounts in the balance of payments? ______.
A. Current account and fixed account
B. Capital account and deposit account
C. Capital account and current account
" Z- Z' |$ w/ {8 c6 KD. The account recording transfer payment and the account including an offsetting transaction
3. Which of the following is not a financial instrument? ______.
( {3 l, h8 \! A6 i% |$ e1 UA. Treasury bills
B. Real estate
C. Mortgages
- R3 F& y# k9 W/ G1 MD. Stocks
: `' A! ~) P* c. ^9 Q3 i0 n4. The yield to maturity on a bond is ______.
- R' S% S. ]+ Q6 v( u6 Z) sA. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
/ F: h) ?6 w& [' g" ]' I6 f, XB. the discount rate that set the present value of the payments equal to the bond price
. E5 O8 c: A! Z+ p. z2 b) H  ~2 TC. the current yield plus the average annual capital gain rate
% ]1 f$ W9 g9 f: S! ]D. based on the assumption that any payments received are reinvested at the coupon rate
5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
A. promised yield
& X1 ^2 `( c% z! r# w# fB. yield to maturity
C. coupon rate
1 R) z# d9 a: LD. current yield
6. Rapid increases in the price level during periods of recession or high unemployment are known as .
. r) T1 d" \! B4 uA. stagnation
& t2 G( U& P' _# k7 I( f/ sB. stagflation
9 T5 f8 {" r. ~C. slump
) G  {, @% B* g3 mD. inflation
0 I$ W3 m! s) F/ U" m  [" y7. A person who left his/her job to look for another job would be classified as ______.
A. structurally unemployed
B. cyclically unemployed
9 H7 M  Z7 D. I5 ~, Z" UC. frictionally unemployed
# b; X; X4 t; `5 QD. no longer in the labor force
8. Which of the following is not included in a statement of owner's equity? ______.来源：
A. Net income
B. Unearned revenue
C. Dividend
8 K7 G' k9 u3 J( r' `2 N4 D. [D. Retained earning
/ u" K5 p; B4 T1 d+ Z( m7 T) k9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
: U" x% G8 D- b0 v5 R1 wA. expansionary monetary policy and contractionary fiscal policy
* }" O+ `4 O- NB. contractionary monetary policy and expansionary fiscal policy
C. expansionary monetary policy and expansionary fiscal policy
D. ontractionary monetary policy and contractionary fiscal policy

: Q/ T1 b2 M, i: ^; u4 p10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
A. leisure...work
B. work...leisure
C. work...of all of other goods
$ I# P, f) I5 B( X, O, cD. leisure...of all other goods

会计考友

</p>11. The federal funds rate is the interest rate ______.
2 x4 j1 y/ S3 d# MA. on overnight loans of reserves between banks
0 u! |7 w$ c" j) g7 jB. the government pays when borrowing from banks
C. on government debt
, \! l# J. D8 N: JD. both A and B
12. A consumer's indifference curve shows ______.
2 q  @3 h0 V6 Q) U6 yA. all combinations of two products that a consumer can use
B. all combinations of two products that yield the same total satisfaction to the consumer
0 P: J% U7 e2 h& U+ `3 n2 T0 ~C. all combinations of two goods that the consumer can purchase with disposable persona income
D. equal income for consumption
13. The value of any investment is found by computing ______.
A. the future value of all future expenses
B. the future value of all sales
C. the present value of all future liabilities
" R5 P2 V! F4 `. ]- ^% s8 nD. the present value of all cash flows
# ]! U. h: Z7 R. B14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
A. always consists of central-bank liabilities
B. always consists of assets that can serve as commercial bank cash reserves
C. always consists of gold coin
' a$ }" E3 O8 N; u7 ZD. must be a "fiat" money
8 W0 @+ I. D" L! t, J0 C15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
A. chronological
B. term
C. risk
D. liquidity
; q' Z& K( J1 r+ N* D16. An example of an investment pool is ______.
A. a savings and loan association
- T3 Y4 x( K& x" @/ C( _B. a life insurance company
9 K. b) r  `! I6 J/ f3 IC. a finance company
3 E3 L3 b/ J$ I) D3 v+ M- V: @D. a mutual fund
8 d8 W$ x. g4 h' M3 U# P9 u* E/ u17. Sustained downward movements in the business cycle are referred to as ______.
A. recessions
$ L6 [% V9 E, o' G/ i) ?# kB. economic recoveries
C. inflation
D. expansions
/ r8 b3 V( `7 o$ k# I; S1 ~18. _____ 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.
" W1 Z$ V. u9 s* w: j2 l9 pA. A private bank
B. Private banking
$ q1 i3 T0 o! j2 H* n5 zC. Personal banking
4 `- e1 \. Y9 A8 e  T2 KD. Retail banking

19. Which of the following can be described as involving direct finance? ______.
) m# I7 w  `/ ]6 W6 t. SA. A pension fund manager buys a short-term corporate security in the secondary market
B. People buy shares in a mutual fund
C. A corporation issues new shares of stock
D. An insurance company buys shares of common stock in the over-the-counter markets. 20. A call option gives the owner the right to ______.
A. sell the underlying asset at a fixed price
B. buy the underlying asset at a fixed price
" L% V& g8 E. n" P+ HC. convert the underlying asset at a fixed price
& w8 s. l3 |8 y1 bD. take delivery of the underlying asset at a fixed price