11. If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to ______ under a system of exchange rates.
5 c6 D8 b: V0 @* v) |& h/ z) d A. appreciate... floating
. u& e$ w- |$ |5 S5 K7 V5 { B. depreciate...floating
( v$ F8 {" q5 I3 x3 n5 L) L C. appreciate... fixed7 B, R* q* d( x/ i* v3 K. [ N
D. depreciate... fixed
4 I" U9 ?6 d8 M3 ]8 M, k 12. Which of the following is true of a company's balance sheet? ______.
, |7 j" B% t7 {. m A. It displays sources and uses of cash for the period) w6 i: V1 T% f m! ~3 b9 O
B. It is unnecessary if both an income statement and a statement of cash flows are available1 j0 @' n; E) R0 \+ h( f$ Y+ {
C. It is a separate representation of the company's revenue and expense transactions for the year) N1 O N+ }9 I! b
D. It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity
G* X. B- L" v% L4 X V3 p0 Z. t( k6 k 13. When Americans or foreigners expect the return on dollar deposits to be high relative to the return on foreign deposits, there is a ______ demand for dollar deposits and a correspondingly ______ demand for foreign deposits.
7 I; g9 X# r: c' |, t& m A. higher... higher
, h6 x9 |" m7 x; }% G M' H9 t B. lower... higher Y. o, b4 } h- Z: Y
C. higher... lower) c( A+ p* W2 T9 I3 \ |7 ~
D. lower...lower
h6 ?9 d' J% ~+ L 14. Velocity is the ______.- q6 d1 s5 }9 t0 z
A. inverse of GNP& O$ m4 p1 b$ o: u& i! Q4 @
B. speed at which checking accounts are converted into cash
( E& w8 ^+ { q) }. ?! ? C. relationship between the price level and the money supply0 f0 J5 C' N7 d9 }% v
D. rate at which money turns over
4 V; |% N$ N2 k5 k$ Z4 Y1 o 15. Assume that of your $10 000 portfolio, you invest $9 000 in Stock X and $1 000 in Stock Y. What is the expected return on your portfolio? ______.! E( y% A6 W7 Q$ s( m8 m/ ]
A. 18%; ^$ ^8 f) v7 r& s" N
B. 20%5 ~, ^/ j8 ~- Z' v R ~9 x
C. 19%: o, q3 R; b" {; y0 K9 y; L0 d% s
D. 3%0 M4 U' K+ c! q( ?% j( n
16. Which of the following would you expect to find in a correctly prepared income statement? .
5 B/ u' m& M+ Q8 M, Q. i2 x A. Cash balance at the end of the period
/ w3 Z Z( A1 @3 u- ` B. Expenses incurred during the period to earn revenues( b7 \1 L" Y; g2 C9 x
C. Contributions by the owner during the period6 K q& q" a# @' V8 } Y6 y
D. The reported company's financial position at a specific date
3 ^" B- @% U0 z# v4 b; a4 r0 d 17. The concept of beta is most closely associated with ______.. u5 W! b5 w6 G$ t; B
A. correlation coefficient, ^" J- x& g d# ?- h! Y
B. the capital asset pricing model
: K+ T; [4 b0 E, O$ U C. nonsystematic risk
8 A/ q5 i% Q+ V& {0 ^ D. mean-variance analysis
8 F: f# _* l( f3 a! s3 {4 n 18. The velocity of money for a given year can be calculated by ______.
0 R$ x, Z; O+ |! _/ d: Y A. dividing GNP by the money supply9 L n+ S: a/ S; S
B. dividing aggregate supply by aggregate demand2 s4 \3 [8 P& x* I
C. dividing the price level by the money supply
8 H% C& ?( c1 x; b1 F D. multiplying the price level by total output
( z0 B3 ^6 c0 b5 C+ L0 Q9 @ 19. The theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______.
, }9 {8 h; @+ z' @8 C A. the price levels of the two countries
% i" N! {# e, f; l/ s2 R8 T1 J- B B. the current account balances of the two countries2 s* r; i$ D1 p' y' _2 N
C. the fiscal policies of the two countries5 J) v& O$ ?& n0 B, d- {
D. the trade balances of the two countries
, g4 O/ u* j' m+ d& }9 H 20. Before issuing a credit, it is important for the issuing bank ______.1 b, m& l5 y! e+ y. q! d
A. to make certain of the importer's creditworthiness; U9 p0 { t" u1 ]: W
B. to go through the contract terms
6 }! @4 {, R7 ] O C. to have a thorough understanding of the exporter
9 z. X% n" @# b0 ]' w' C$ | D. all of the above; ^; @5 {- m, p/ D! p
答案：: ^5 J' [$ T0 N0 _
1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D3 |3 }# ^1 T7 Y& q! y- V
11.B 12.D 13.C 14.D 15.C 16.B 17.B 18.A 19.A 20.A |
发表于 2012-8-16 08:05:44
