金融英语试题-FECT-(4)

会计考友

　　11. The federal funds rate is the interest rate ______.
　　A. on overnight loans of reserves between banks
4 W4 v' W3 e. B　　B. the government pays when borrowing from banks
1 ]: q  s. ?1 k+ p: I5 m　　C. on government debt
　　D. both A and B
　　12. A consumer's indifference curve shows ______.
6 n9 E2 l9 O+ S- O3 Q　　A. all combinations of two products that a consumer can use
　　B. all combinations of two products that yield the same total satisfaction to the consumer
& g& }; M5 U; b$ ~　　C. all combinations of two goods that the consumer can purchase with disposable persona income
　　D. equal income for consumption
- [9 v( d8 }. o　　13. The value of any investment is found by computing ______.
) z5 Z# _( e0 b* C, a; h) F$ G　　A. the future value of all future expenses
　　B. the future value of all sales
/ r5 i7 o  @/ r/ C9 G6 u/ y7 s& s! m　　C. the present value of all future liabilities
3 M, T* S" l- D. P; i　　D. the present value of all cash flows
　　14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
% b1 T. m3 u# S# P7 Q( h　　A. always consists of central-bank liabilities
　　B. always consists of assets that can serve as commercial bank cash reserves
　　C. always consists of gold coin
　　D. must be a "fiat" money
1 I% s/ w! L3 V7 S. {4 r　　15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
" l- |; y: a( O" E! z# X- d; N- M8 y　　A. chronological
　　B. term
& U1 b& u4 r4 k　　C. risk
　　D. liquidity
! u1 }* e- G* B7 ~# g# ?9 a2 a　　16. An example of an investment pool is ______.
　　A. a savings and loan association
　　B. a life insurance company
$ `  a- A* n+ L　　C. a finance company
5 t5 J# F6 V: i* K8 N8 C: L　　D. a mutual fund
　　17. Sustained downward movements in the business cycle are referred to as ______.
9 m% n3 d' G6 U* \　　A. recessions
6 v6 `; N& o# g. r& q) V　　B. economic recoveries
0 G4 N4 w+ B9 A　　C. inflation
　　D. expansions
　　18. _____ offers a wide spectrum of personal services to wealthy clients who may have little knowledge of how to handle their own financial affairs or who are too busy.
! d0 t, g( E! Y& }$ N9 \3 n　　A. A private bank
0 b& m# O5 {9 l4 v4 ~　　B. Private banking
' B! ?& ~7 K0 ^! o  W　　C. Personal banking
3 w( G1 W6 K4 `8 @　　D. Retail banking
　　19. Which of the following can be described as involving direct finance? ______.
% i: {  K" `. L$ k　　A. A pension fund manager buys a short-term corporate security in the secondary market
　　B. People buy shares in a mutual fund
: y: i( d2 u2 a( R) I9 ]　　C. A corporation issues new shares of stock
0 P4 s4 X5 R) W1 u; [& e. B, A- L　　D. An insurance company buys shares of common stock in the over-the-counter markets.
9 N& c& y3 u" m( D5 s　　20. A call option gives the owner the right to ______.
　　A. sell the underlying asset at a fixed price
　　B. buy the underlying asset at a fixed price
7 p  y* d' W9 H% D8 a. E  e　　C. convert the underlying asset at a fixed price
　　D. take delivery of the underlying asset at a fixed price