金融英语：模拟练试题四

会计考友

1 Commercial paper ______
A is issued mainly by commercial banks
# I1 z3 m3 E! @1 W* zBcan be either short or long-term debt
; |7 J# f; l. cC is most typically issued in very short maturities， such as one or two months
) [8 \- m- B( k0 {) a1 Z1 B% V6 {D ought to be considered a capital market instrument
2 The expectations hypothesis assumes that investors regard bonds of different maturities
A as perfect substitutes
0 X) ]6 _& K0 Q1 b" A1 k# hB as not substitutes at all
C as substitutes， but not perfect substitutes
D none of the above
3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points
A 005
B 05
C 5
6 Y( d* Q6 c& {% N: SD 50
4 Liquidity of a business is measured by ______
! G# `& ~) a) Q5 Z% D+ Y1 UA the rate of return on owner equity
, t; M) ]+ i: I) i$ Z& x0 ~' R3 ~B the ratio of total revenue to total expenses incurred
C the ratio of current assets to current liabilities
- t) j' P9 v1 v1 q: q* h9 u3 H! Q* KD the ratio of income to costs
5 Which of the following is an example of an automatic stabilizer? ______
A A change in interest rates
3 `, h4 }3 e9 q) ^% h6 qB An increase in government spending
% L7 ?  U! \& l) f: l* l8 N/ ^C Lowering income taxes
D Unemployment insurance

会计考友

6 Which of the following definitions fits depreciation?
" Z5 G3 e3 j. J3 ~2 S- G  m& zA Allocation of the asset‘s market value to expense over its useful life
B Allocation of the asset‘s cost to expense over its useful life
$ x6 k4 K' u( d% b: b+ _/ o( B; Q# rC Decreases in the asset‘s market value over its useful life
; d8 k$ \$ Y7 E- F0 u& G+ s/ aD Increases in the fund set aside to replace the asset when it is worn out
0 T2 `; X& l" a7 `1 N) n7 In the balance of payments accounts， ______ are unilateral transfers
A direct investments in another nation‘s businesses
1 ?0 @7 G" f1 KB international transactions in securities with maturities greater than one year
C international transactions of securities with maturities of less than one year
D gifts and grants
7 t# Q: X/ s% n$ o- O. j# u. P8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in
: ^. S5 U  l# ]  C! o2 _6 CA a money market mutual fund
, r- ~- {5 D  r2 o) UB a time deposit
C Keogh Plan
, C9 M+ W% A. L/ W2 B9 s3 I2 q) tD a money market deposit account
5 u& C: A4 R# U9 The central problem in economics is that of______
A comparing the success of command versus market economies
- s0 _, l% f% v# FB guaranteeing that production occurs in the most efficient manner
" z7 p' S0 z3 N* E9 ?! OC guaranteeing a minimum level of income for every citizen
8 R5 f3 q  v. @* qD 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? ______
A Coupon rate
' z% V6 y0 l$ V8 r7 KB Yield to maturity
6 G# k4 c! m4 ^7 K3 DC Current yield
D Discount yield