11. The value of money varies _____." E1 K% a# C/ j! O
A. directly with the unemployment rate$ k- p$ g, b) e, y" s; w
B. directly with the price level
, H8 Y& X c m' i3 T C. inversely with the unemployment
1 W# u- p8 e8 g1 Y D. inversely with the price level
X, ^1 b W7 E8 C, I4 {2 w$ Y0 ]7 o- x 12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______." v7 F) E- M1 l6 ^/ ~. s
A. the dollar has depreciated relative to the yen
; p! @( t6 Q5 Q9 \5 ] B. the dollar can now purchase more yen5 j) C# s8 N# m, c* G+ S/ z$ O, j% `
C. the yen can now purchase more dollars3 a/ u+ P+ G$ v& e/ S( T! r
D. the US trade balance with the Japanese economy has improved
2 M- [7 ]3 D) Y# v/ c* ` 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 ______." ?% H$ @6 ?. C. I0 b0 J( T- U) z
A. price feedback theory
" y7 G: @4 \2 y4 C B. trade feedback theory
' _2 `( ^- L; ]$ Y' |2 K C. purchasing power parity theory
- s2 a( y6 X3 e0 |- J$ X- I% `' ~ D. J-curve theory
. T9 T. {7 Q4 a5 o 14. According to the optimal portfolio theory, where should portfolios lie? ______.; t5 S4 y! X( G( J' G0 I
A. On the efficient frontier. K' R1 C, I( F
B. Above the efficient frontier
: F* c" i! @% u$ f: s; F C. Under the efficient frontier
6 ]8 f- G) p3 \$ S6 `6 ] D. Anywhere, as long as the portfolio is diversified4 }8 v r: j1 f' s2 b5 x
15. Which of the following is not a user of management accounting information? ______.
/ @% K0 _" M# D" z A. Store manager8 |, s9 \% V1 K. B9 b
B. Creditor o: k2 _ Q! \* {# O
C. CEO p U, k6 o2 W9 G
D. CFO9 Z# Z% ]* [7 N( C* Y0 I4 D
16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.
1 A) F4 a( J D/ Y: T" P! z; @ Market Condition# ?7 ^: ^" ^ y4 I6 O; n$ C# d
bear Normal Bull
8 B: D1 N8 s4 x s5 Z& R Probability 02 0.3 05
/ W( [0 n6 }8 S7 a6 m* P C2 \ Rate of return —25% 10% 24%
5 r% B. M9 _" Y) n' q A. 4%- Z) n- h9 f- ]1 R2 G
B. 10%4 f( B. w5 O, i6 _4 G4 q
C. 20%
, {; o( d/ M6 @7 I3 P D. 25%* Z6 Z, w+ C( |; Y
Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).) `: w. P T" w# g6 @: e
Bear Market Normal Market Bull Market$ p4 {0 F6 e2 p6 H4 A) ?
Probability 0.2 0.5 0.3
$ ^; f4 Q- ?7 f Stock X_ -20% 18% 50%4 V) t1 a* z" \0 ?. L$ C: V9 }
Stock Y -15% 20% 10%8 b! R3 E/ s& D+ Q/ ^! t5 Q; O
17. Financial markets serve to channel funds from ______. l8 t: W* L- L9 _; w
A. the government to contractors
' `: c0 Y, }' I B. investors to consumers
6 V+ R, z3 T9 [: w* A C. consumers to producers
7 O d, v/ p, q6 |% J D. savers to investors D5 v' ~$ z2 D# N: y, O
18. The agreements that were reached at the Bretton Woods conference in 1944 established a system .
) q |/ R1 S; L- M 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, j( L' u( }4 q' K- A
B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations- c+ \, j7 i2 w* q/ L: Y& b
C. that prohibited governments from intervening in the foreign exchange markets9 w' r2 s: J8 k: N. Q
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 trading3 f( [6 {: U& I1 G) H, [
19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .
( B4 z' j" Z2 A) r$ Y* P* J/ i A. Assets are originally recorded in accounting records at their cost to the business entity, ?9 ~5 M6 \& Y. i
B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion' B& O8 R/ c6 t3 }$ F7 Q2 ?+ `+ ^
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
8 }7 q+ ^, \+ W* R2 P D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions
6 U8 \1 I {8 s: I0 [+ W: P 20. A fiscal expansion in the UK ______ the pound sterling./ L* c( X+ ]. \/ S' v, C1 P( i
A. tends to appreciate1 L; }' r3 D- K" y6 p8 m
B. tends to depreciate5 }5 [% ?& Z7 i
C. does not affect the price of
1 f P9 o. z& y0 y2 } D. has no predictable effect on the price of4 v: M R' k1 C4 t3 B8 ?8 g
答案：
! |, f6 l# [% x E8 ~* l; y 1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B9 x; ?4 Q- g' t( }& f
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
