1. Commercial paper ______.
8 U4 f( u9 u& RA. is issued mainly by commercial banks
7 F9 [% F. d" G1 }- uB.can be either short or long-term debt8 B0 ?6 h8 w& ^6 r" N
C. is most typically issued in very short maturities, such as one or two months- s& r5 v% K( E
D. ought to be considered a capital market instrument3 d) a: N/ j l9 t6 }' P( T$ M Q
2. The expectations hypothesis assumes that investors regard bonds of different maturities .
5 N, {0 Z) X5 R9 m" ZA. as perfect substitutes( l" w2 {" l9 |; _4 Y; n
B. as not substitutes at all7 a% M% p! g4 F+ A7 c: a4 e
C. as substitutes, but not perfect substitutes; H, T+ n6 b5 P* w, F) E3 H
D. none of the above' W- t. Q: C" O. M* S
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
3 {* ? \; \( O- `; Q& VA. 0.05
; M7 o! Z& l+ I, }/ H7 RB. 0.57 n- p0 W) `! L) \7 P3 }. W
C. 5( \7 U7 ~, n2 ?+ K/ V6 P# F
D. 50
1 {. l3 X: W- [3 m) Z4. Liquidity of a business is measured by ______. \/ b6 F8 E% K7 R( u' u1 s. d% x2 @
A. the rate of return on owner equity/ |9 h* ?% w c$ k: g6 [
B. the ratio of total revenue to total expenses incurred, U ^0 Q) x) Q1 z
C. the ratio of current assets to current liabilities
. P/ X5 ]. E9 {" i& {D. the ratio of income to costs
. X! H% x" y% L" D5. Which of the following is an example of an automatic stabilizer? ______.$ D" T' {2 V; { S; Y1 o
A. A change in interest rates- `9 n$ O0 d4 p9 e. N
B. An increase in government spending" k. c' H; Q; ]8 ]
C. Lowering income taxes- |* u. u5 D- q- \3 l9 R p, A w8 s7 Q
D. Unemployment insurance
5 L1 S0 E: @4 B3 q* R) H' z6 o6. Which of the following definitions fits depreciation? .
+ [2 |6 I `% N9 }( H% [, tA. Allocation of the asset's market value to expense over its useful life
' c) Z9 J! a, Q LB. Allocation of the asset's cost to expense over its useful life! j" T( U' }4 e! ~! Q) H2 A
C. Decreases in the asset's market value over its useful life
$ {! D) ?# `4 m# h( l( ]D. Increases in the fund set aside to replace the asset when it is worn out: t. w; C1 ^+ J
7. In the balance of payments accounts, ______ are unilateral transfers.
; [8 a2 K1 P4 |% I( |3 EA. direct investments in another nation's businesses" J6 k, a" {2 p2 i
B. international transactions in securities with maturities greater than one year
8 g. V2 f# m* k" LC. international transactions of securities with maturities of less than one year
( L8 P% P; G: M- r, a& ~D. gifts and grants
$ h. f8 ^0 m5 d$ q6 o# o9 Z q8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .. V' r" M$ x$ ]; a9 ^7 F @' P. y- R
A. a money market mutual fund6 M$ ]; ?: N7 G1 x7 t3 w& z
B. a time deposit) ]! C2 U( G7 L8 S- `( u# D- x' o
C. Keogh Plan' o1 u! H& f0 K L" A+ A" K& x
D. a money market deposit account' `4 ?3 f- h" N- F9 k7 g
9. The central problem in economics is that of______.
/ i! T" g* X6 q# W% SA. comparing the success of command versus market economies1 C: l9 i/ M& N: | H0 e4 L" A+ C
B. guaranteeing that production occurs in the most efficient manner
( x9 l9 Q: S8 v2 l- RC. guaranteeing a minimum level of income for every citizen6 Q7 |* m4 r: f% Q
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible ; H* _* S5 V, e9 I* Q. T, l# Y. B
% \# G/ F1 a$ s8 x( d* }4 G5 E8 X, u5 Z. Q" }4 U4 S
10. Which of the following is the most accurate measure of a bond's interest rates? ______./ A1 f$ q6 b0 ^8 ^' ^5 \$ N
A. Coupon rate4 B8 Q0 _8 Z, R) B# ~) m+ V
B. Yield to maturity
( T1 v h5 ~9 `- }+ m0 o# ~ lC. Current yield$ l. ?& [( g+ x/ ?2 n& i
D. Discount yield |
发表于 2012-8-16 08:05:44
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