11. The value of money varies _____.* H+ E! v" Z% c+ m0 K1 A
A. directly with the unemployment rate
+ N+ U0 C! c4 H5 ]7 X% R6 g B. directly with the price level* `; i& M, p- k4 H; V! _* Q1 I
C. inversely with the unemployment! b5 T x' b5 D4 T. k
D. inversely with the price level+ M& G) S1 ^+ A. N" J
12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______.
0 W( e; M" D9 @7 R. b7 E! w3 N A. the dollar has depreciated relative to the yen2 B* T( |1 |! y" D6 P D8 W
B. the dollar can now purchase more yen, ]( l4 x0 F; q% }! j
C. the yen can now purchase more dollars
* v7 S0 `% A/ C# Y# W2 b- o D. the US trade balance with the Japanese economy has improved
3 x' U5 {% L2 _. w8 @ [ b2 m 13. The theory of international exchange that holds that exchange rates are set so that the price of similar goods in different countries is the same is the ______.
- p& {5 Y) ?2 \( y1 i A. price feedback theory3 X$ n- C8 F9 J- b/ A+ l
B. trade feedback theory( x+ [ r- l2 |' j( c
C. purchasing power parity theory
0 q+ O2 D# A0 J- K" G4 q1 Q D. J-curve theory
* x E ~ }- w) Y+ F 14. According to the optimal portfolio theory, where should portfolios lie? ______.% p! y% I7 x. t( }/ |0 u6 X
A. On the efficient frontier- C$ y1 ?' ~8 T8 R* q
B. Above the efficient frontier5 {7 {; n* l4 n* `' L( b
C. Under the efficient frontier
% I3 F+ S6 t a, m8 N# e9 A D. Anywhere, as long as the portfolio is diversified: T% {/ \' F1 l+ z+ |% k$ h
15. Which of the following is not a user of management accounting information? ______.: h' E& ?4 g/ g3 A& e e0 ?
A. Store manager
, L& r D! A/ F, | B. Creditor4 Y3 R* n9 D! Z. T
C. CEO
5 w4 x7 f$ U* P' h D. CFO
/ L; q7 q" Q7 {/ a3 E; C" U 16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.1 [) @% A9 @; J: ]
Market Condition, i1 K, v5 Q: D$ t
bear Normal Bull6 Z. ?: m5 k$ `4 v4 k# \
Probability 02 0.3 05
, Z3 S& Y& q q: ^ T# q Rate of return —25% 10% 24%
! d; z; y! R) } A. 4%3 E+ {0 X/ E" ^7 o J
B. 10%. w: a( w1 v) M) |
C. 20%
1 ]. v! W+ t, C! @" D# V* N% K8 n+ P0 X4 h D. 25%
, g: S; O4 y9 ?3 [9 e4 ]+ C Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).3 k2 t5 @/ n, ?" o, X/ O" i
Bear Market Normal Market Bull Market0 Z3 B6 r# t7 K* e7 l7 R! c
Probability 0.2 0.5 0.3
0 S8 e0 s1 j1 G2 A Stock X_ -20% 18% 50%- P7 Y3 Z% p2 _) I8 z
Stock Y -15% 20% 10%
- K2 s* m0 l: l! T- y/ n 17. Financial markets serve to channel funds from ______.
3 }: i0 V, N$ N+ V A. the government to contractors' ? ]& f4 p5 b/ B @8 {1 ~
B. investors to consumers
5 F9 y& [1 u( e% {8 t5 r" h C. consumers to producers+ }/ ~6 o4 W# w8 H
D. savers to investors: ?6 D& [* P: S) M6 o
18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .
6 ?$ v4 i4 O& l. |3 [$ \ A. of essentially fixed exchange rates under which each country agreed to intervene in the foreign exchange market when necessary to maintain the agreed-upon value of its currency
" ]9 g( Y! a/ N B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations0 H! o/ ]8 W& a, ?* F! A ?3 g4 G
C. that prohibited governments from intervening in the foreign exchange markets
. ^) L8 O' q0 I% N' K D. in which the values of currencies were fixed in terms of a specific number of ounces of gold, which in turn determined their values in international trading
' |9 Q9 Y: }" M 19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .
6 q8 J& b; p( `8 b4 p A. Assets are originally recorded in accounting records at their cost to the business entity: {4 v4 c y+ `: q* |% G
B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion+ }' s% O u0 a0 J+ R# _% V
C. Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market prices
1 }! `( y( c8 N% ^) k& I! _ D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions, V- `5 x4 T% y% c( ]- `7 }: O
20. A fiscal expansion in the UK ______ the pound sterling.
" x1 g* [; E% {2 {8 c A. tends to appreciate _& C0 A) I! [+ z, h. v! K' y
B. tends to depreciate& ~4 n6 Y# Q- c! p/ w% M4 [
C. does not affect the price of; d8 W8 e7 Y z( f" n! A% O
D. has no predictable effect on the price of
& ?* y: s5 }4 X: Q% G( h8 ?8 \/ U+ M 答案：
! {4 J8 N4 u: G& ?, V! } 1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B7 _ H8 D1 O0 X' ]7 C+ l- t( a
11.D 12.B 13.C 14.A 15.B 16.B 17.A 18.A 19.D 20.A |
发表于 2012-8-16 08:05:44
