11. Which of the following is a determinant of asset demand? ______.
: F0 U9 B. y. g# I: ^4 O' C; n A. Expected return
1 J8 y/ B2 [) [) y% y' U4 x B. Risk- G# m" p4 k0 Q2 C: E% `( y n
C. Liquidity0 k" A: h$ _3 `2 M0 L f5 |
D. All of the above
! ]( S9 i/ L+ q! l! v) u# l 12. Which of the following items are reported as a current liability on the balance sheet? ____.
# e0 D8 y; V$ ^* P$ \4 M' \ A. Short-term notes payable. Q% z, b4 z2 X4 ^/ c: X0 h- s
B. Accrued payroll taxes- [& a& E- v2 a
C. Estimated warranties' n: G6 j& } ?* n2 h/ F6 a( y @
D. All of the above, E2 z5 c% ~! x/ j( W. v9 ?& u
13. Which of the following is not true of fiscal policy? ______.( M6 M7 c& ?0 r, T
A. Time lags occur with fiscal policy.
, m: U% \! y" n" d' [& L B. Automatic stabilizers help the economy.
* z9 A( n: D8 I+ t C. "Crowding out" is not a problem of fiscal policy. I' r( i: g3 k" v# t* G0 F
D. None of the above.. g1 m/ w8 R p6 M6 _4 l4 e
14. What distinguishes the mortgage markets from other capital markets? ______.4 J+ _. g) n: U6 A) G! X+ d2 e
A. Securities in the mortgage markets are collateralized by real estate, D" }" |5 h/ F) I
B. The mortgage markets usually involve long-term funds% F" V1 F: z7 O
C. Borrowers in the mortgage markets include individuals and businesses
) r0 r, |7 B" d0 D6 m% Z! O/ m D. All of the above
5 ^5 B& y0 I k' ?# c 15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______." v, @; g- r7 l/ d* a* d2 h4 X
A. withdrawal8 y& r# E4 R* _/ n V
B. liquidation, H0 B% B4 q/ l
C. acquisition0 @; i L8 z/ F0 R; c! u% M6 v
D. dissolution+ D2 C2 Y' C5 F, Y* b/ W0 t8 I
16. When an investor is buying stock as an investment, the value of most direct concern is .
* h" J2 l% n5 f$ `( s" X A. par value
2 m( Q. g) C! B$ j. ~ B. liquidation value
' M' m9 l v7 ?# h/ Y$ d C. market value
I' Y% e% `! F% W7 e" [ D. book value5 h: ?2 y" O( K+ W
17. Autonomous transactions are ______." L n! }; \# I5 G
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market1 B4 B' P6 F0 P i. S& b% d
B. transactions that are not undertaken in the pursuit of commercial profit
. n8 A/ E; ^8 S( Q; h! s( I' _ C. transactions undertaken for normal commercial motives
2 {& |' H/ L3 {: L+ e D. none of the above& f) Y$ h% U% t& {
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings .0 U3 ~% F- e* B8 w2 m4 D' L& ^
A. increases...decreases...decreases5 y6 y& ~/ n) i! j) B
B. increases...increases...increases
; b+ G: A o3 j# a C. decreases...increases...increases' Z$ y$ x9 f. M& I q& V
D. decreases...decreases...decreases: ]- e4 h* \0 U, J' f9 o& t
19. A successful company's major source of cash should be ______.
7 _: n! U) W0 r- ]% I A. operating activities7 w# Y# |2 | y' m/ W
B. financing activities
% i6 t5 L& A) E% ]# i C. investing activities
% c b' n2 I$ i8 { D. a combination of the above& Q* w5 G: e' [
20.The price index in 2002 was 160, and in 2003 the price index was 168. What was the inflation rate? ______.
3 ~% y2 Q" m: v" d% M) a A. 68%0 B% X+ ?* V: j) @8 ~ L% P
B. 8%1 N6 s: e, g" ?6 O
C. 5%' g/ G1 Y/ U0 A9 i0 K
D. indeterminable without knowing the base year |
发表于 2012-8-16 08:05:44
