金融英语试题-FECT-(6)

会计考友

　　1. Commercial paper ______.
　　A. is issued mainly by commercial banks
; h& c- ~  \. i0 v　　B.can be either short or long-term debt
' l8 |  v, h1 G- ?/ x' C9 Z# S　　C. is most typically issued in very short maturities, such as one or two months
　　D. ought to be considered a capital market instrument
5 C# h4 G/ [* x# u2 _9 ^! {: o) w　　2. The expectations hypothesis assumes that investors regard bonds of different maturities .
$ t3 J! G  y* d. d　　A. as perfect substitutes
　　B. as not substitutes at all
　　C. as substitutes, but not perfect substitutes
! v; r; d4 h/ L) y　　D. none of the above
. A; I" `5 F& P2 v' o" S( i　　3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
　　A. 0.05
　　B. 0.5
　　C. 5
  ~. c! y2 ]$ w( D# |- S/ b9 o, k( i　　D. 50
, Y- q. H( N8 _4 T　　4. Liquidity of a business is measured by ______.
　　A. the rate of return on owner equity
* t7 A* G2 [( n- k2 i6 G$ b　　B. the ratio of total revenue to total expenses incurred
9 K2 \/ f1 u  A1 u, I　　C. the ratio of current assets to current liabilities
　　D. the ratio of income to costs
　　5. Which of the following is an example of an automatic stabilizer? ______.
　　A. A change in interest rates
　　B. An increase in government spending
　　C. Lowering income taxes
3 j* `2 \5 e* e　　D. Unemployment insurance
6 L+ r* y: c9 Z7 C' e　　6. Which of the following definitions fits depreciation? .
　　A. Allocation of the asset's market value to expense over its useful life
5 j' Z0 n$ x. U' E　　B. Allocation of the asset's cost to expense over its useful life
: t( z# o4 z7 \. {% n1 Y8 @　　C. Decreases in the asset's market value over its useful life
# Z/ B/ s; u! k　　D. Increases in the fund set aside to replace the asset when it is worn out
  l  ^9 T+ ~! C　　7. In the balance of payments accounts, ______ are unilateral transfers.
　　A. direct investments in another nation's businesses
0 B$ G& b' X6 s. s6 u3 _　　B. international transactions in securities with maturities greater than one year
0 {8 v4 n/ F- S" d6 h　　C. international transactions of securities with maturities of less than one year
2 v% q) ~* D3 J1 ^' [  r　　D. gifts and grants
% z( ~% s: N( u; n7 |. a　　8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
4 V( Q- V# j- x! J( D9 ^　　A. a money market mutual fund
+ `/ f9 a/ A9 j3 W' Q0 R  {$ U　　B. a time deposit
- f8 Z8 \) T. q1 s+ G- y# ]　　C. Keogh Plan
$ [6 E- b2 R4 d! _' r　　D. a money market deposit account
　　9. The central problem in economics is that of______.
　　A. comparing the success of command versus market economies
) i+ U* e2 L- M) \  `( ]　　B. guaranteeing that production occurs in the most efficient manner
$ B- V5 a+ D2 D+ j/ g' r+ q# _　　C. guaranteeing a minimum level of income for every citizen
, r+ o& a0 S: d, }, T6 g0 q; u　　D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
　　10. Which of the following is the most accurate measure of a bond's interest rates? ______.
8 C/ \- R4 D5 a7 J, G6 e　　A. Coupon rate
  i. b- ]. `) d" q　　B. Yield to maturity
　　C. Current yield
2 [8 R1 {+ J- x* R; [) W; |　　D. Discount yield