1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
5 Q: d) n4 B3 Y r' b8 v. TA. his voting rights are considered more important
! C) z5 D/ o! WB. he has the greater right in choosing the board of directors" I' D Z3 V" Y( Z- H7 ^
C. he receives his dividend before the ordinary shareholder' r& ^0 k/ J; G- f1 d$ E
D. he has the right to buy ordinary shares more cheaply$ z0 S0 d1 w% \$ G9 a, O
2. What are the two major accounts in the balance of payments? ______.
- l, s: a1 P) S0 F1 O' t# RA. Current account and fixed account 7 h% l$ p* g* c8 E
B. Capital account and deposit account( o7 U u2 @7 T! C# f" P6 W( X
C. Capital account and current account2 V) e" a+ m8 L% }
D. The account recording transfer payment and the account including an offsetting transaction
5 J) \: q B; ], Y0 s6 V: f+ a3. Which of the following is not a financial instrument? ______.5 o: i" F/ e" P: M& n8 F Q
A. Treasury bills
0 \+ V5 y: q3 T" e: t) bB. Real estate5 T K9 h: J' g, D4 @' H
C. Mortgages
" j2 E6 f6 a. q; ^, m; B1 k7 {- QD. Stocks
0 p B1 I5 y% a0 h1 s/ K6 @% D4. The yield to maturity on a bond is ______.. Y6 |& K: A: f, P
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium s' H, ?) W$ o; J$ H: M& Y' @
B. the discount rate that set the present value of the payments equal to the bond price/ C: j. w3 r) U' I' o: X6 u
C. the current yield plus the average annual capital gain rate
; q" V: W1 x* ^" P% ?D. based on the assumption that any payments received are reinvested at the coupon rate
" Q4 h$ M4 V- s* b& z$ R! O6 P6 Z3 Q5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
/ V' A# s1 m0 dA. promised yield
; Q4 Y% {) ]' z9 }) `. Y/ y3 K) JB. yield to maturity
! V0 F# `; N5 ^, TC. coupon rate
0 S! q% I& x' n& ~) kD. current yield4 f- {0 d) B/ i) E! K4 t
6. Rapid increases in the price level during periods of recession or high unemployment are known as .9 j4 y" C. g# o$ w/ W
A. stagnation
7 v; N( z7 B' ?+ S! n/ f& dB. stagflation( ~* U x1 _% o( D7 r. G1 h5 s
C. slump% f4 [( e: {( K7 ~9 l
D. inflation
$ w' i" r; M" i5 a3 Q& Z# a" N7. A person who left his/her job to look for another job would be classified as ______." h: s6 s5 T/ l U& _; O v3 P
A. structurally unemployed
3 J- V8 z$ V. tB. cyclically unemployed7 b' i* G: U, M* k8 L7 r" |
C. frictionally unemployed6 i2 i8 E: e( J3 N
D. no longer in the labor force# ?; J4 L/ F- B+ C! q
8. Which of the following is not included in a statement of owner's equity? ______.来源:
( g8 a' v7 r* R. sA. Net income
3 I+ i& d3 [7 y4 D( m1 @5 i2 rB. Unearned revenue* h. ?0 J8 n6 T% Z {
C. Dividend
# y( X: m: @6 ND. Retained earning: _- s4 ^- r) P) M4 c! f
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.9 }" a) L; X+ g8 @! [* o: U
A. expansionary monetary policy and contractionary fiscal policy
5 N* G; s8 X/ s' v2 n- n# J9 CB. contractionary monetary policy and expansionary fiscal policy
0 A/ N' a0 P Q+ \/ W4 v# fC. expansionary monetary policy and expansionary fiscal policy7 Y( G& g. w6 v2 K" E; v+ z( D
D. ontractionary monetary policy and contractionary fiscal policy # k6 l: [8 O T
# d# B0 Q9 k9 B( A' ?* c
10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.& j" @ f3 G0 k# `( n
A. leisure...work
; k6 ~. x" n& x4 g" \B. work...leisure
8 Q8 s8 r, \* ^2 A3 k: LC. work...of all of other goods
" d# P- u3 I/ n, G5 K6 S& VD. leisure...of all other goods |