金融英语模拟试题-FECT-(四)

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1. Commercial paper ______.
; d; S; N1 s) f" j, MA. is issued mainly by commercial banks
B.can be either short or long-term debt
C. is most typically issued in very short maturities, such as one or two months
D. ought to be considered a capital market instrument
; U( F0 K! ?6 o. C2. The expectations hypothesis assumes that investors regard bonds of different maturities .
A. as perfect substitutes
% h0 F0 d0 c& ]B. as not substitutes at all
: e! y4 {( V7 f1 p9 U9 t2 M8 hC. as substitutes, but not perfect substitutes
8 I: B  b; G& L/ D. D  |D. none of the above
, h( L/ A: N6 U* A6 X! M3. 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
: v! G: k# ^) n- [# VC. 5
D. 50
9 a; X$ m& z) ?" z5 Z4. Liquidity of a business is measured by ______.
  R  E. h/ X, G& pA. the rate of return on owner equity
6 E+ e% v* F% @% R7 w: q( sB. the ratio of total revenue to total expenses incurred
1 c0 |6 X" Z% H. XC. the ratio of current assets to current liabilities
) ?1 b$ ?- N7 @1 r" }3 a+ JD. the ratio of income to costs
5. Which of the following is an example of an automatic stabilizer? ______.
  Z  f% X' h+ y) [) L; mA. A change in interest rates
B. An increase in government spending
5 O; v) q- [+ t4 L9 wC. Lowering income taxes
D. Unemployment insurance
6. Which of the following definitions fits depreciation? .
A. Allocation of the asset's market value to expense over its useful life
3 k; I3 o$ N/ d$ {1 gB. Allocation of the asset's cost to expense over its useful life
# H: L5 h! {. w( ?* v2 h  LC. Decreases in the asset's market value over its useful life
2 I* G  v- i# [0 q& KD. Increases in the fund set aside to replace the asset when it is worn out
+ I! a% I5 H) N2 y7 h! b7. In the balance of payments accounts, ______ are unilateral transfers.
6 N. S6 F' t$ o7 `1 k# H) _( N' RA. direct investments in another nation's businesses
# O$ G# j+ d0 U2 m1 X: R- HB. international transactions in securities with maturities greater than one year
2 Z# g8 h3 X" W! jC. international transactions of securities with maturities of less than one year
/ R' H. D& ?7 bD. gifts and grants
% {  h6 k) M: ?$ m) K0 u8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
A. a money market mutual fund
" t  K6 V: S9 i- t% ]0 N  W0 e, U& BB. a time deposit
6 x5 ]7 Q6 l, C& nC. Keogh Plan
D. a money market deposit account
9. The central problem in economics is that of______.
A. comparing the success of command versus market economies
/ R- B8 |' P0 v" K2 NB. guaranteeing that production occurs in the most efficient manner
! T* N: l: }9 S1 R/ hC. guaranteeing a minimum level of income for every citizen
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible

4 X. a* M, [" H7 ^5 u& v
7 C! F/ i7 I! @1 o10. Which of the following is the most accurate measure of a bond's interest rates? ______.
A. Coupon rate
7 {  }# L( d$ A& s1 ^5 {8 g& SB. Yield to maturity
C. Current yield
8 G' z; K: e; _! Y# {" r/ v# UD. Discount yield

会计考友

A. increases...decreases...decreases
B. increases...increases...increases
, N& o5 w8 ?6 R8 |$ Z& J/ r) {1 q# {C. decreases...increases...increases
/ Q$ N, L  o8 G+ ]D. decreases...decreases...decreases</p>
19. A successful company's major source of cash should be ______.
2 a, Q! Z. s' h" `A. operating activities
- F2 r; _# F; o/ j! T3 [1 y2 F$ R( ^B. financing activities
C. investing activities
D. a combination of the above 20.The price index in 2002 was 160, and in 2003 the price index was 168. What was the inflation rate? ______.
) D- f' d5 l0 MA. 68%
6 l% ~( L% [- S" Y, s) E) TB. 8%
2 [. ?( b3 ^0 e; v4 \" j1 FC. 5%
D. indeterminable without knowing the base year