金融英语：模拟练试题四

会计考友

1 Commercial paper ______
) k7 }# q0 |" H, x' {  J$ QA is issued mainly by commercial banks
Bcan be either short or long-term debt
C is most typically issued in very short maturities， such as one or two months
D ought to be considered a capital market instrument
' E7 ^# p( G. O1 S2 The expectations hypothesis assumes that investors regard bonds of different maturities
A as perfect substitutes
- b3 Q. I2 M) h- R3 _% CB as not substitutes at all
C as substitutes， but not perfect substitutes
D none of the above
# F- h4 `7 y$ L3 S) e4 y3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points
A 005
9 O6 a; `* p  N# q# ZB 05
0 H, Z1 o' Y% N; s* M+ }5 fC 5
D 50
, \& \3 E! M: o# ~$ q: L1 Q0 G4 Liquidity of a business is measured by ______
A the rate of return on owner equity
B the ratio of total revenue to total expenses incurred
- D; H$ t" u( C- H& vC the ratio of current assets to current liabilities
D the ratio of income to costs
5 Which of the following is an example of an automatic stabilizer? ______
A A change in interest rates
B An increase in government spending
- p5 p# Y4 L# x: K5 N9 eC Lowering income taxes
D Unemployment insurance

会计考友

6 Which of the following definitions fits depreciation?
A Allocation of the asset‘s market value to expense over its useful life
: w, Y" ?$ q- Q' ]' m8 S* o6 sB Allocation of the asset‘s cost to expense over its useful life
; J, D; v% U1 Q2 P7 fC Decreases in the asset‘s market value over its useful life
D Increases in the fund set aside to replace the asset when it is worn out
7 In the balance of payments accounts， ______ are unilateral transfers
* h; C& h( B, M  n. M; j+ Y) NA direct investments in another nation‘s businesses
B international transactions in securities with maturities greater than one year
( {7 b( w( K3 x' XC international transactions of securities with maturities of less than one year
: d7 r# Z( I3 q3 ]0 W. g7 {D gifts and grants
  S8 y! ^& u( C* |5 o* p8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in
A a money market mutual fund
B a time deposit
C Keogh Plan
! F, m" R$ D; X8 z- h1 RD a money market deposit account
) n7 i+ ], `8 w9 The central problem in economics is that of______
9 g. g! R/ [1 dA comparing the success of command versus market economies
1 u. |" q7 e+ ]# B8 pB guaranteeing that production occurs in the most efficient manner
C guaranteeing a minimum level of income for every citizen
! q  Z( V8 U( {- ]$ k  bD allocating scarce resources in such a manner that society‘s unlimited needs or wants are satisfied as well as possible10 Which of the following is the most accurate measure of a bond‘s interest rates? ______
! ?1 _6 W5 d+ Z8 DA Coupon rate
B Yield to maturity
7 e8 i# |9 x' s1 f. D4 sC Current yield
D Discount yield