11. The value of money varies _____.
5 t- L# V6 g: L( ^5 \! F$ k A. directly with the unemployment rate
A" j( ^8 j+ r; V0 c B. directly with the price level+ N" \2 h! m4 L. n
C. inversely with the unemployment' c0 j0 H7 T% z9 i6 {) z
D. inversely with the price level r* h. i1 }' ~- K) A* p
12. The economics news on the television reports that the dollar has strengthened relative to the Japanese yen. This means that ______., d1 Q! u- b3 ]% ?0 Q0 o% U& `
A. the dollar has depreciated relative to the yen* I7 c5 x) o% x5 ?9 A4 h
B. the dollar can now purchase more yen- j, U; B' u0 X9 m
C. the yen can now purchase more dollars
% h) w ^4 d, B8 _6 [ D. the US trade balance with the Japanese economy has improved4 `2 X9 ?5 S8 `2 \' n
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 ______.+ g5 U7 K, s8 u( f
A. price feedback theory1 @& {1 h& C# d8 n- Y6 u$ `
B. trade feedback theory
0 {( O9 P& _ Y6 Y C. purchasing power parity theory! m9 c G/ W% G. c
D. J-curve theory# y: @- l; v9 ^; T6 I8 E; {
14. According to the optimal portfolio theory, where should portfolios lie? ______.6 U! m- g; u6 R+ |( j- i
A. On the efficient frontier
; v' B- \5 Q) y) g9 [ B. Above the efficient frontier& P9 `+ s- z$ y: B: n' d
C. Under the efficient frontier
% Q8 T1 k8 g8 F+ P4 _+ B D. Anywhere, as long as the portfolio is diversified
8 x' P7 b+ Y! \+ Z: ]$ g5 X 15. Which of the following is not a user of management accounting information? ______.
" [8 ?2 D" N t; H6 e A. Store manager
3 J# o+ n7 u& K6 y! V" m! Z& r- j B. Creditor
3 g6 X+ d2 C1 |6 N6 _ C. CEO
, R; O; U/ a0 k% m j! r D. CFO
0 t f |0 S+ z7 A; ]. N+ q 16. Based on the scenarios below, what is the expected return for a portfolio with the following return profile? ______.
4 f' A2 G% _- M: x Market Condition! U1 w7 B' U5 x D- A9 U/ r1 T" E
bear Normal Bull: y% a1 W8 Z2 G4 s& d* a8 h) B
Probability 02 0.3 05
+ h1 u0 P' d4 L$ o$ v Rate of return —25% 10% 24%
; i' y3 {8 ~; W A. 4%0 q6 F8 w" m* ~" Y8 P
B. 10%
0 i5 M% G# e% j( Z$ Z* F C. 20%
. }# p. _) I) }7 X- W1 }' A D. 25%
3 D% l* o! K7 D Use the following expectations on Stocks X and Y to answer questions 17 through 19 (round to the nearest percent).( Z- H7 a i) ^ M* o$ e9 x
Bear Market Normal Market Bull Market
( {$ d, B$ [: A Probability 0.2 0.5 0.31 l- @* k g/ g4 W# K
Stock X_ -20% 18% 50%- }( f0 \- }+ R2 X6 s9 {: o) r! }
Stock Y -15% 20% 10%* M! v3 J3 N" U
17. Financial markets serve to channel funds from ______.
. }8 y% S6 g: H A. the government to contractors
/ _. U$ n/ U8 C9 x/ l( Z5 E B. investors to consumers8 J. b5 y% \4 @. U/ t3 Q w: r, I
C. consumers to producers
7 z; S! D- k7 V# D8 k D. savers to investors4 Q8 H+ g( T* B2 P. j6 D0 H' w
18. The agreements that were reached at the Bretton Woods conference in 1944 established a system . p. O; Z2 I" ^/ F
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' ]9 M; V# E1 Y5 q+ C
B. of floating exchange rates determined by the supply and demand of one nation's currency relative to the currency of other nations
& D6 V0 q0 v7 } T! Q1 _) K% n C. that prohibited governments from intervening in the foreign exchange markets" q! A4 t: m2 R/ v
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 trading0 p$ M Y- e! f0 R; L
19. Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation? .
) p! i# j1 A' D, i A( E A. Assets are originally recorded in accounting records at their cost to the business entity
# k1 U1 }9 I, B/ Y9 B B. Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion
& R: f+ a- J y& _, h1 c 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, @; }7 h# S# {+ @9 n2 i& U
D. Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions4 r M# ^1 ]. G% `7 b
20. A fiscal expansion in the UK ______ the pound sterling.* z& \, W' F7 n% M7 g
A. tends to appreciate
: V) v7 G. E$ u B. tends to depreciate! ]0 i- T* `: C* J2 x
C. does not affect the price of
' M( O% Z/ Y$ G2 R" d D. has no predictable effect on the price of
5 G3 g" a `; U+ R 答案：
* \6 y( L* p7 i5 u 1.B 2.D 3.D 4.A 5.B 6.A 7.B 8.A 9.C 10.B; ^+ Q+ u5 w) G! a+ p: Q+ n1 P0 @
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
