1. Commercial paper ______.3 T9 `. o+ h; s4 h
A. is issued mainly by commercial banks# n7 Q& X: u( B, N
B.can be either short or long-term debt
1 ]- ]2 D8 }; D7 {$ D7 n/ UC. is most typically issued in very short maturities, such as one or two months9 Y, u$ e& E, }6 d( \, j* B) z. Y' l
D. ought to be considered a capital market instrument0 s- @4 P- h s" a8 O6 v
2. The expectations hypothesis assumes that investors regard bonds of different maturities .8 Z+ q( z) b6 Y, @- }
A. as perfect substitutes
3 ]6 E" D6 L- t r. R& t& X! E# CB. as not substitutes at all' C7 w, h2 }% e2 @$ }0 e
C. as substitutes, but not perfect substitutes9 w/ ? ^7 M" Z7 [% \0 _
D. none of the above, R+ \8 Y! `0 D5 S6 F
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.9 b# @/ \6 x0 b% ]! K+ K
A. 0.05
( I! ]6 b7 z2 x. b3 }: d4 KB. 0.5
6 O1 W( r2 m% l* z4 Y4 B& f2 l& p7 ?" @C. 55 X5 f, v3 o# d4 H9 u* ]
D. 50
. c0 \% c6 j6 t" U4. Liquidity of a business is measured by ______.
7 |& \0 ~- Q3 X1 W6 CA. the rate of return on owner equity% k5 E. u/ ^( I0 W
B. the ratio of total revenue to total expenses incurred& d/ _0 x6 x# _" x
C. the ratio of current assets to current liabilities
+ e# z, E& ]7 [& b* [4 ~D. the ratio of income to costs: v% n) G, a2 B
5. Which of the following is an example of an automatic stabilizer? ______.
9 _! x% G4 E, F: s8 HA. A change in interest rates
) _& v& k$ C9 C/ v/ h' R' kB. An increase in government spending
$ Z- Z0 g& B: X; sC. Lowering income taxes
0 A; |1 D$ x6 ]# n( tD. Unemployment insurance
9 m C, O, F% I7 p+ b6. Which of the following definitions fits depreciation? .
: T2 I: S; m' Q: p* Y ]* FA. Allocation of the asset's market value to expense over its useful life
# r) {" w6 p0 a8 g" Z! q! lB. Allocation of the asset's cost to expense over its useful life
; k F7 V- ~: \. O0 G4 A, i1 u0 WC. Decreases in the asset's market value over its useful life
( L7 P' ]+ O9 y! ~$ c5 XD. Increases in the fund set aside to replace the asset when it is worn out( x) R; U# t4 C0 V, m
7. In the balance of payments accounts, ______ are unilateral transfers.
2 b( V. m9 j( `A. direct investments in another nation's businesses
" e3 W$ z% d }' F% ~. BB. international transactions in securities with maturities greater than one year
, T( y! q+ U/ C5 @0 WC. international transactions of securities with maturities of less than one year
' E- ^0 \0 |5 g: o) j7 fD. gifts and grants1 N) `) Q5 O6 P+ W, t1 p
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
# n6 h# C! {, D3 x1 N1 ^0 sA. a money market mutual fund
3 P9 M# f& t: LB. a time deposit
- S3 N( ]8 ]9 lC. Keogh Plan/ M$ Z" D) f1 V+ ~2 s& O
D. a money market deposit account m1 O4 {& S' F6 t5 U
9. The central problem in economics is that of______.
% T0 K B: z; g) lA. comparing the success of command versus market economies
9 S/ K1 {( L2 e" T+ |7 yB. guaranteeing that production occurs in the most efficient manner2 b6 s8 O6 n5 ~: l$ ?0 C
C. guaranteeing a minimum level of income for every citizen
# w" L$ E, n9 U! N. BD. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible ! _) f4 d# A$ k; G0 x6 q
; K& m" j$ T9 ]' e) T/ B, F* }10. Which of the following is the most accurate measure of a bond's interest rates? ______.
! ^/ M* w' s$ F' NA. Coupon rate0 o% k8 F; m8 t5 i0 F
B. Yield to maturity
0 r1 Z; Z8 k* I, ~& Z- _$ RC. Current yield
5 U t- R1 K& [% S* U# y9 U( V3 DD. Discount yield |
发表于 2012-8-16 08:05:44
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