1. Commercial paper ______.
7 Z0 `# f) F! n1 ~: ?- A2 HA. is issued mainly by commercial banks
d9 d6 B6 g; c* y% ~B.can be either short or long-term debt: U$ s+ w& g9 j! `/ F2 D& G) H
C. is most typically issued in very short maturities, such as one or two months7 v9 O9 r( G0 y; z
D. ought to be considered a capital market instrument
( e$ [9 }! D: O4 m% C" m2. The expectations hypothesis assumes that investors regard bonds of different maturities .2 H# D: O% \/ f! x$ I* r
A. as perfect substitutes7 ^) _# d+ d' G* D2 ^& n( W
B. as not substitutes at all7 r) {, C# O ^# a% J
C. as substitutes, but not perfect substitutes W8 c3 d2 o( P5 C
D. none of the above
- Z; C3 ?9 v5 v' V" m7 v3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.9 {% p$ ]1 s9 i1 P* {. H) t2 }1 v
A. 0.05
- z" Y9 u4 z$ ^$ [! HB. 0.5
( w$ M4 B( w& s( c- Q" q9 uC. 5
: i, J7 k; [3 t: l: R+ D: zD. 50
2 F- J. T1 H$ @/ \4. Liquidity of a business is measured by ______.
6 ]- d, I* z; x: K9 BA. the rate of return on owner equity
# X% l! I( k1 H6 \# d/ f- W& CB. the ratio of total revenue to total expenses incurred4 G ]- z" C# t" |- [5 f7 L, ]
C. the ratio of current assets to current liabilities
) P" ^2 O0 f3 U4 y9 d6 X- \D. the ratio of income to costs- ~; j% Y# q5 ~9 g7 V& c7 B: V
5. Which of the following is an example of an automatic stabilizer? ______.
i7 u8 d6 O7 ~9 @ ]A. A change in interest rates
' C8 G7 v) \& Q1 oB. An increase in government spending# f, o+ I3 d) N; H# D ~
C. Lowering income taxes
0 w; {. H9 {, G _/ M/ r( uD. Unemployment insurance3 K9 ~$ C! r+ } Q' G( F
6. Which of the following definitions fits depreciation? .
: Z8 N Q7 F5 o7 y% N. QA. Allocation of the asset's market value to expense over its useful life
& l, X1 v- U$ R1 V3 \$ L2 pB. Allocation of the asset's cost to expense over its useful life
2 k4 n& [, b2 ~6 `# JC. Decreases in the asset's market value over its useful life
3 l& W- Z0 V5 W$ JD. Increases in the fund set aside to replace the asset when it is worn out$ l o: a# o8 q! v
7. In the balance of payments accounts, ______ are unilateral transfers.2 l$ w* j! i& B
A. direct investments in another nation's businesses3 a. y+ Z, v4 j1 k) V. ?
B. international transactions in securities with maturities greater than one year! r4 s. Q/ [" w8 S
C. international transactions of securities with maturities of less than one year& z$ Z* k8 h$ ~* [) i
D. gifts and grants9 q) q$ x' c; Z% K* W- M
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
8 I8 a% _- w7 j* Q0 s! T. pA. a money market mutual fund' r* y9 V- _4 X; F2 R
B. a time deposit
: j$ S) f: i3 F o: j5 R$ T' \C. Keogh Plan
]- r w+ ~: s/ ZD. a money market deposit account
3 z7 S1 a) ], k; V# ?) t: ^9. The central problem in economics is that of______.
, O; K( C* D2 Q. m+ E6 m' p" OA. comparing the success of command versus market economies0 o# j2 D# H: P5 l! Y0 ]
B. guaranteeing that production occurs in the most efficient manner" I# ]+ }9 j- z0 Q6 ]! n& A
C. guaranteeing a minimum level of income for every citizen5 Z4 }$ B* m% X' I( a. c, P
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
& W; b3 ]1 \6 V/ p0 G
- }1 t8 s7 p5 ]3 C J9 k, S- u' B10. Which of the following is the most accurate measure of a bond's interest rates? ______.: k5 B. o8 p2 ~/ P0 {6 g0 L3 F! ]
A. Coupon rate
# r6 b1 }+ O' S6 jB. Yield to maturity+ t& X; k* p( l
C. Current yield
4 K. E7 j! T. s. K( ]3 C) u$ R. P, `D. Discount yield8 u: w! E1 V7 e% V- c% n$ @3 h
11. Which of the following is a determinant of asset demand? ______.
% v0 a) P+ E0 V1 ^% vA. Expected return
2 ~! H# Z0 s% m% x; N5 NB. Risk0 ?# m7 e/ w! I7 _' Y6 `* j
C. Liquidity" x: B @' a& b# j
D. All of the above
" _" ^; D, R% j6 X& v12. Which of the following items are reported as a current liability on the balance sheet? ____.9 {, R }2 X4 G& D6 ]8 k. p, {4 s, D
A. Short-term notes payable# b; K, f1 R" l0 C
B. Accrued payroll taxes) B- |) g9 A% |1 E5 x& _
C. Estimated warranties; k) `# n% ~( P6 P+ N1 I
D. All of the above
5 X7 Y+ |# x% Z; Q, s+ Q13. Which of the following is not true of fiscal policy? ______.' [" M( [/ ?- ]+ Z9 X6 ^2 H Q
A. Time lags occur with fiscal policy.
' {0 G% F' f6 b. m* c; a" QB. Automatic stabilizers help the economy.
5 ]8 U0 A# M3 S/ wC. "Crowding out" is not a problem of fiscal policy.
8 x% `0 b( n K" DD. None of the above.6 L8 j3 a( _3 g
14. What distinguishes the mortgage markets from other capital markets? ______.
+ i; ^4 O& W9 t. k# nA. Securities in the mortgage markets are collateralized by real estate! N$ g1 H2 c( W5 U4 k- m2 f
B. The mortgage markets usually involve long-term funds
/ x% L0 @; h; r' o7 Y( G! \C. Borrowers in the mortgage markets include individuals and businesses
6 N [3 ?% l! F) k6 N- }2 jD. All of the above0 l# X' j! _" o
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.9 Q, ~4 h0 I& g: J0 K7 V0 h
A. withdrawal$ [2 M. l1 x3 {, H& F3 k
B. liquidation
9 M+ Q$ X+ V$ t! w' i7 uC. acquisition$ _+ L3 h& s" d; f# ^" {
D. dissolution) N8 a- R9 T) A
16. When an investor is buying stock as an investment, the value of most direct concern is .8 B W* N$ t+ J. i/ p
A. par value5 W l5 f$ v7 D- f
B. liquidation value! `. E( J! V$ P& _
C. market value( O4 u& R7 i' @6 j( n# x, u/ I# E
D. book value% l# Y) J9 m6 l+ E% \# P1 B5 [
17. Autonomous transactions are ______. D* Y5 p* z& r! I8 K
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market
1 }, W7 o9 e3 c- v4 J& _" mB. transactions that are not undertaken in the pursuit of commercial profit
2 [" h( `$ {1 m2 m1 iC. transactions undertaken for normal commercial motives9 b9 K) ]$ [7 R
D. none of the above. T) X. B! ?, k7 d, y0 w$ P
. ~7 g9 M8 N( |2 Y8 b3 E( R, S
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings . |
发表于 2012-8-16 08:05:44
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