1. Commercial paper ______.
% J' Y0 ^3 Y& b. M- qA. is issued mainly by commercial banks
- M" u: y% V/ S( MB.can be either short or long-term debt5 u( B: p2 O3 O0 K
C. is most typically issued in very short maturities, such as one or two months3 M' _5 \; K( Z
D. ought to be considered a capital market instrument
9 v/ H/ w- H5 z) O2. The expectations hypothesis assumes that investors regard bonds of different maturities .
4 ^# w3 f- _9 Y$ P* yA. as perfect substitutes
! C4 }9 ^$ ` E. G. OB. as not substitutes at all
. l' b# x" L: C- DC. as substitutes, but not perfect substitutes
! J' K, D! L& q4 |+ Y6 P# P/ f1 HD. none of the above
& w% a6 H; U& P' [" Z9 D3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
; P. A( S; Z9 W/ W$ y! X: VA. 0.05
5 M8 ?) ^. i, r$ O$ S7 JB. 0.5! J( @, M9 Q [: r% B
C. 5" r) m8 \, }0 Y( h
D. 50
3 L+ o, c8 Y5 U5 @# n4. Liquidity of a business is measured by ______.; E9 @! L, b* }! v- ]; b
A. the rate of return on owner equity7 _) W% ]% n( b6 p% @
B. the ratio of total revenue to total expenses incurred$ c6 Q, e+ Z2 V- g$ l! r. @
C. the ratio of current assets to current liabilities
3 B! V% \( l* k# i( hD. the ratio of income to costs9 f T+ v. `% N* s3 z
5. Which of the following is an example of an automatic stabilizer? ______.
5 N, q. o5 g; }7 W. v: h( GA. A change in interest rates; Z% p Q8 C# a2 a2 k* z
B. An increase in government spending
, M$ f9 Z3 ^' i$ p% ^$ d+ DC. Lowering income taxes
9 y$ k( k$ m: C6 S- }2 jD. Unemployment insurance
3 Q" ]$ N% [5 u# y3 e* e6. Which of the following definitions fits depreciation? .
7 t5 ~# r7 N/ {8 FA. Allocation of the asset's market value to expense over its useful life
, t( D/ O: n2 c. A! W( \1 OB. Allocation of the asset's cost to expense over its useful life
/ G6 H0 q2 K: u$ O) @" Q: N+ @/ KC. Decreases in the asset's market value over its useful life
/ U! L# G) X8 G/ J1 e7 k( E+ SD. Increases in the fund set aside to replace the asset when it is worn out
# B& G- O+ a, D9 h* P% C2 l7. In the balance of payments accounts, ______ are unilateral transfers.# f. G! X2 K# F
A. direct investments in another nation's businesses
) m* Y1 h3 I; K+ A/ q4 g) B$ T. G' tB. international transactions in securities with maturities greater than one year0 D7 ~% j4 n8 k F. M |, V
C. international transactions of securities with maturities of less than one year
9 Z6 }/ P. R: z! ~$ h2 I4 `D. gifts and grants- ^8 \! ?8 c% G; f/ m1 t4 t) l
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .5 o8 b% z" I# w1 D
A. a money market mutual fund: H# m: R2 O1 O5 D1 i
B. a time deposit0 S, d9 A# R4 H+ n$ Q. G$ K: o
C. Keogh Plan
0 g9 M4 O* v# [( ?: R5 Q3 tD. a money market deposit account( x) M' {, H3 t% e
9. The central problem in economics is that of______.# k. j# E+ B2 {1 v% e4 I
A. comparing the success of command versus market economies
) Y+ B$ m- L8 G) u+ tB. guaranteeing that production occurs in the most efficient manner
2 F1 S( K: [0 L8 cC. guaranteeing a minimum level of income for every citizen) K% s/ P' `9 G/ z0 B
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
# T& e7 t+ x. P" s+ k% p( S1 z: t/ a# t n
8 q- P: P! {+ W/ ^/ V10. Which of the following is the most accurate measure of a bond's interest rates? ______.4 T% {* i2 ]# T, a
A. Coupon rate
' f' H R9 s1 SB. Yield to maturity! r- V3 ^7 A U0 P6 s: G
C. Current yield
. m: i' m s, m' tD. Discount yield |
发表于 2012-8-16 08:05:44
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