. In general, the more liquid an asset the ______.
3 R+ O& ~4 `$ \2 C; E A. less it is likely to yield% O0 [* t0 P) g' `) _" O0 N1 \
B. greater its risk of default
; n/ P( q$ b' U/ M2 y C. lower its market price will be/ g9 _4 D' m" G- ?; N4 L
D. more it will add to bank profits4 ?+ c( L# b8 c0 R- n" _# S2 \
2. The interest rate printed on the face of a bond is called the ______.
7 ` P( s8 X; s, x3 O5 Q8 g A. coupon rate
$ X1 x* o( _) q8 n B. prime rate' P/ N" b% u2 L: m
C. printed rate3 n9 c- H& S: G" Y
D. nominal rate
+ C7 w8 i! R( [6 S' I0 | 3. A rise in interest rates leads to ______.
" o# b( z8 F5 k& C' q o1 b5 g1 W A. capital gains for bondholders. j& w' J5 J4 M5 q% w, Z& c
B. capital losses for bondholders
+ `" }5 k) y8 g" X8 c- k C. income gains for bondholders, z; t/ e5 |+ @9 g# t" O5 _
D. income losses for bondholders% b$ V/ q- J9 M
4. If the reserve requirement ratio were equal to zero, then ______.
" c1 P6 O3 |( U, W3 x, | A. the deposit multiplier would be infinitely large
$ w& V2 W3 M( x- F- _ B. required reserves would be equal to zero+ h; ]$ Z# V$ E8 k3 J9 J" w
C. the banking system would theoretically be able to create an infinitely large amount of demand deposits
) `4 Z0 g+ ]- }( ?( I) z% i D. all of the above
: F, ^" t; Q9 M5 R3 I& }+ G 5. Financial intermediaries' primary function in financial markets is to serve as ______.' n6 O# m' S: L- z6 v ~
A. ultimate borrowers Z. a; s8 D2 V* k. _# G
B. ultimate lenders% a4 w3 N! x" S. R- u' O: s
C. ultimate savers, c+ }8 R5 S) H; }/ S; |
D. middlemen
: H: u. s! s% g0 L* j$ K 6. Suppose the Fed buys $10 million in government securities from a commercial bank. If the required reserve ratio is 0.25, what is the maximum amount by which checkable deposits in the banking system can change______.
0 r7 x( V( w) o8 O2 n1 h A. +$100000001 F8 `# R* @; h
B. +$25000000
/ \) K# u# D8 {& x; A' d* A2 \$ ` C. +$40000000+ C1 p7 f& G, T6 N, ]' [' [
D. -$40000000
# d- o" f. m5 X. o! F6 P$ R1 R( ^ 7. Suppose the annualized yield on a 91-day Treasury bill is 1.25%. If you invested $10 000 in this bill, how much would you have to pay for this security______.; O# c5 W/ J2 ]+ o1 I. ~( k
A. $11 250
) D4 V0 `2 G( I B. $10012.50
8 {4 d- b* m. D/ ?& w C. $9998.75
. s# S g1 n9 R% V# z! Q D. $9968.93
' v+ u9 V# _; J- e) L; f8 i$ ? 8. Who are the first to bear financial losses incurred by the bank______.
; g) E! `" l/ H% r: Z5 z A. The depositors
8 h/ t9 R' T' ?; q5 _: B B. The debtors- F! X6 m q0 C7 P7 {. q
C. The bank capital shareholders
' g" l. @/ m' S7 I; u D. The bank employees
8 W3 W2 Q( \ Q8 M& V( K2 H, t 9. A government is faced with a balance of payments deficit. It may take action to deal with this by doing all of the following except ______.: E4 U+ }& W+ e9 U4 a9 I2 t# _
A. devalue the currency
/ S, k; t, M7 C# D! J& k8 u B. reduce interest rates) F G. v. t" O) e8 J
C. restrict consumer spending: E' D* h, d, ^4 k
D. restrict imports9 B% B( [7 C$ D1 L$ M' N0 D
10. According to the principle of comparative advantage, countries ______.
6 Z- C$ \$ K; I% p! p8 s A. should specialize in producing goods they have lower opportunity cost for3 z2 Y4 C( y+ B5 u3 R; p! @
B. should export goods they can produce at lower input costs( Z$ s" A7 W# e2 o V4 Q8 b3 t
C. will specialize in producing goods which they can produce at lower input costs
* n! p. q: ~; V* E D. should specialize in producing goods they have lower absolute costs for. ]2 p9 L. d! P% M
11. A currency depreciation on the foreign exchange market will ______.
( s: a+ H8 k0 L# Q, D4 R) Q4 b A. encourage imports to the country whose currency has depreciated
/ B0 k9 M9 ]2 D* A7 M9 {4 Y$ Q B. discourage imports to the country whose currency has depreciated
) ~+ @. A6 ~5 E$ i C. discourage exports to the country whose currency has depreciated
: E2 K4 L9 h! J2 Y5 l* I# U3 S D. encourage foreign travel by the citizens of the country whose currency has depreciated3 ~" j% k% ~4 B L4 c1 A; ]" n
12. The difference between fiscal policy and monetary policy is that ______.$ P0 {' @! u5 P2 g* u2 J9 P
A. fiscal policy is macroeconomic policy and monetary policy is microeconomic policy# R z% L# b) V9 h
B. monetary policy is macroeconomic policy and fiscal policy is microeconomic policy
+ J; e% ^5 D# r5 D C. fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods
9 L# g* H& g5 d D. monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing* V& C% ~, L+ b
13. When economists speak of the utility of a certain good, they are referring to ______.0 q2 B, M2 w- S* s) @6 \
A. the demand for the good/ ^( A% k7 W- L+ w! I6 S7 l. E
B. the usefulness of the good in consumption4 i* P; |2 r* ]% T' D
C. the satisfaction gained from consuming the good
4 P) s5 `, @! c. i D. the rate at which consumers are willing to exchange one good for another
! f/ {: Z4 A9 G' L) i 14. How are financial ratios used in decision making______.3 ?1 U c% c' M f& J3 v# V& e2 V& Y
A. They remove the uncertainty of the business environment
( I! v3 I# T" S, }- H, S9 j; b B. They give clear signals about the appropriate action to take5 E0 O3 Y# @8 _% e: u
C. They can help identify the reasons for success and failure in business, but decision making requires information beyond the ratios
" y( R5 `& I# G/ s D. They aren't useful because decision making is too complex.
) O! F. D0 q* q; N& c 15. A good is called an inferior good if sales ______.2 v8 ]) n6 w4 E4 t
A. are unaffected by income
: f/ y8 U; Z$ b B. rise as price increases! W) C! W* O7 z- C. y/ i; `8 J/ _% ~
C. decline as price increases |
发表于 2012-8-16 08:05:44
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