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
　　B. the government pays when borrowing from banks
　　C. on government debt
' z3 H7 L. I7 ^- ^/ u5 w3 O2 P　　D. both A and B
* P1 {( Z) e7 o% F' Y　　12. A consumer's indifference curve shows ______.
- K' y5 X1 K' Q1 p8 c: e" ]* p　　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
# }( w) T" a' }- G0 [　　C. all combinations of two goods that the consumer can purchase with disposable persona income
4 U' y$ H; I0 P4 v7 Q. j( U# p! j　　D. equal income for consumption
　　13. The value of any investment is found by computing ______.
　　A. the future value of all future expenses
# P! w2 y9 |- \　　B. the future value of all sales
5 O7 P- h$ K+ I4 `* g+ |2 T& {: A# g5 ^　　C. the present value of all future liabilities
" o, i: e' ^3 H' C- G  _　　D. the present value of all cash flows
0 d% C4 B3 J1 q+ L　　14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
　　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
　　15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
　　A. chronological
　　B. term
　　C. risk
: z. y- o* s) |& I- v　　D. liquidity
( x# j, O% ]0 g; u: I1 r　　16. An example of an investment pool is ______.
4 c; Y; U0 A* L, p; `- `　　A. a savings and loan association
　　B. a life insurance company
( l: J: p5 n: \+ ?7 `. g　　C. a finance company
' e) m& A# n! _　　D. a mutual fund
1 U) C+ A! l4 `5 ]3 m8 c% `+ w/ R　　17. Sustained downward movements in the business cycle are referred to as ______.
　　A. recessions
　　B. economic recoveries
　　C. inflation
9 \% P+ U# D1 r1 s　　D. expansions
2 W" \3 b8 ~" T( c9 m　　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.
# L$ f' `5 l3 x' f9 G5 n+ i6 M　　A. A private bank
" s+ c6 E8 Y" r　　B. Private banking
8 @& ~- o9 x4 |, j" T　　C. Personal banking
& |- }/ @! C4 B0 t% B) d　　D. Retail banking
　　19. Which of the following can be described as involving direct finance? ______.
　　A. A pension fund manager buys a short-term corporate security in the secondary market
　　B. People buy shares in a mutual fund
　　C. A corporation issues new shares of stock
　　D. An insurance company buys shares of common stock in the over-the-counter markets.
) E, t! o  z; B1 b　　20. A call option gives the owner the right to ______.
　　A. sell the underlying asset at a fixed price
0 G/ s  q0 U- N8 a+ T  L5 O, F　　B. buy the underlying asset at a fixed price
- [& Q9 K# S* R( w: ~" _9 V. V　　C. convert the underlying asset at a fixed price
　　D. take delivery of the underlying asset at a fixed price