金融英语模拟试题-FECT-(二)

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1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
A. his voting rights are considered more important
B. he has the greater right in choosing the board of directors
C. he receives his dividend before the ordinary shareholder
& P. {& C* |8 {; e6 CD. he has the right to buy ordinary shares more cheaply
( [. E- k- z) H5 D3 i  X2. What are the two major accounts in the balance of payments? ______.
A. Current account and fixed account
B. Capital account and deposit account
: K) P+ o" o2 z, `9 f" HC. Capital account and current account
D. The account recording transfer payment and the account including an offsetting transaction
2 }8 P% c8 v4 k3. Which of the following is not a financial instrument? ______.
& v6 [) o; N+ _) tA. Treasury bills
* j3 q: |, t" `  g+ q1 R1 fB. Real estate
C. Mortgages
D. Stocks
4. The yield to maturity on a bond is ______.
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
B. the discount rate that set the present value of the payments equal to the bond price
C. the current yield plus the average annual capital gain rate
3 ]" j" }# e1 i" H7 _* ~D. based on the assumption that any payments received are reinvested at the coupon rate
5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
; p7 _1 s/ l# d; RA. promised yield
B. yield to maturity
C. coupon rate
$ f+ u/ H& E- @- B9 K" @! ED. current yield
, l0 H3 I' D% U9 h6. Rapid increases in the price level during periods of recession or high unemployment are known as .
A. stagnation
B. stagflation
: G# v$ V$ ]8 |$ t" tC. slump
D. inflation
6 `& O) T% c+ |7 A8 c7. A person who left his/her job to look for another job would be classified as ______.
A. structurally unemployed
B. cyclically unemployed
C. frictionally unemployed
D. no longer in the labor force
9 w( L' p9 x3 f8. Which of the following is not included in a statement of owner's equity? ______.来源：
A. Net income
) J! P  R6 U! G4 u+ R( UB. Unearned revenue
C. Dividend
+ b# S* [# U5 M$ W& gD. Retained earning
9 a9 d  S2 l" i; R9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
! Y- c! O- }" q, Z: S: Q* \# AA. expansionary monetary policy and contractionary fiscal policy
) C' |  b; n) t" N5 BB. contractionary monetary policy and expansionary fiscal policy
C. expansionary monetary policy and expansionary fiscal policy
D. ontractionary monetary policy and contractionary fiscal policy
/ R! c5 R& ~# K6 D) J
8 D( n$ L4 _7 i# n/ A9 V10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
A. leisure...work
B. work...leisure
+ f* k* v" L" M# V" B. _C. work...of all of other goods
D. leisure...of all other goods
& Z# u) r$ z4 D6 h
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
7 V2 D" S# V' JC. on government debt
D. both A and B
12. A consumer's indifference curve shows ______.
A. all combinations of two products that a consumer can use
5 ~7 P; y/ ]  h+ hB. all combinations of two products that yield the same total satisfaction to the consumer
/ @: ?) l: B0 ?9 z9 b5 ^% XC. all combinations of two goods that the consumer can purchase with disposable persona income
D. equal income for consumption
# u# X7 L3 h5 d4 H; e13. The value of any investment is found by computing ______.
. j4 F: J: C/ ]$ j0 B4 c) vA. the future value of all future expenses
5 _2 t7 S. m$ u0 T. QB. the future value of all sales
/ }1 y2 A+ l$ h& ]/ F3 ]C. the present value of all future liabilities
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 .
* t( a4 v' U7 `1 V8 g$ ~# t; p) [A. always consists of central-bank liabilities
B. always consists of assets that can serve as commercial bank cash reserves
9 i! o/ a& w$ t9 h0 G9 E1 b6 ~C. always consists of gold coin
0 m& [7 ?8 k% x2 z6 WD. 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$ B, `, ^0 o# `A. chronological
( ^4 L! l9 q  K) j2 f/ m1 B9 \B. term
- o/ N- Y; ^0 i" K; BC. risk
D. liquidity
0 M  T, N+ ?- K  s, g2 o9 l7 C  z16. An example of an investment pool is ______.
A. a savings and loan association
B. a life insurance company
C. a finance company
  M6 y! L7 }3 G' N) x8 c/ }% E: y' BD. a mutual fund
17. Sustained downward movements in the business cycle are referred to as ______.
+ L7 a# f6 k- q9 }A. recessions
B. economic recoveries
% S( _: }2 N( h7 X6 [( s  {C. inflation
D. expansions
& G) |3 e6 d1 X) ]
* ^1 d0 B6 G! T0 y9 b0 s  `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.

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A. A private bank
B. Private banking
C. Personal banking
D. Retail banking</p>
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
& r* y" H( r: y! f4 s8 ~B. People buy shares in a mutual fund
C. A corporation issues new shares of stock
* X0 ^* ^7 F0 t; y/ ]" C% j. A0 hD. An insurance company buys shares of common stock in the over-the-counter markets. 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
C. convert the underlying asset at a fixed price
( o: a4 `1 V! z, DD. take delivery of the underlying asset at a fixed price