71. When the Japanese yen appreciates, then we might expect (everything else equal) that imports in Japan will ______and exports will______.
+ ~' j4 ?) P ]$ [% K/ yA.rise...fall ( ?5 ^- F+ m1 G) `7 G0 X
B. rise...rise C.fall...fall ! \7 e. m- ]7 H
D. fall...rise
7 `, L% C! \. ?. B5 ^72. Which of the following statements is correct? ______. 9 K7 I# J; i* s9 [2 y' T! M( ?1 B
A. A change in the discount rate usually precedes changes in reserve requirements ' s$ K, A/ a; S: y/ ^5 A
B. A change in the discount rate usually confirms policy changes
/ H8 S- p1 M- K" P! ^) p IC. A change in the discount rate usually initiates a change in policy
7 f' a6 W# x! f( OD. The discount rate usually moves in the opposite direction from other interest rates7 H! y; \0 F6 N+ p5 w6 t% B
73. When borrowers know more than lenders about the future prospects of a project to be undertaken with borrowed funds, the lender faces the problem of______.
0 w8 \1 Z% @7 W6 mA. moral indignation
8 t# L; t) A- V/ ^8 }" D$ P2 UB. default risk C. free riding % _, W$ t: q* Z! Z* [1 R2 q
D. asymmetric information + s/ S+ X$ e$ y! z4 x
74. If a company's current ratio declined in a year during which its quick ratio improved, which of the following is the most likely explanation? ______. ( F0 c, Y- W2 v& L. l* ^
A. Inventory is declining
$ [+ `. |5 e3 m: O pB. Inventory is increasing
* J# R- ?5 S rC. Receivables are being collected more rapidly than in the past . j9 ^6 a' t! m8 X
D. Receivables are being collected more slowly than in the past
7 H; m9 G: B' ]75. A stock has a beta of 0.5. What does this mean? ______.
2 o1 M8 P8 _: Z3 p% t; @. xA. The stock will fall on average by half as much as the market * Q/ }; k) o) `4 A2 C
B. The stock will fall and rise by twice as much as the market * B6 j Z. y9 K
C. Every time there is a price movement, the stock will rise or fall by half as much as the market
/ t+ c/ n9 p4 h5 PD. The stock price change will on average be half as much as the market price change . D3 Q) a- Q2 Q
76. What does P/E Ratio stand for? . 1 }8 a2 Q- o- I; N( F
A. Public Earnings Ratio
; s' w6 q9 k* {; U5 Q' c; l9 BB. Premium Earnings Ratio ! w B* t; V8 W1 ?2 H9 ?
C. Price Earnings Ratio - D0 J6 y6 Z( M
D. Private Equity Ratio
' k6 x- J( q8 Y8 }: G! e$ @) e77. If the central bank wishes to increase the level of bank reserves temporarily, it should .
! o; N: j+ u/ |( \. ?- B+ L7 BA. purchase government securities outright # l2 h/ e3 Y0 \. ^; `. E0 n* A
B. raise reserve requirements |1 E( d9 ~# n! [/ N( j% `
C. buy government securities under a repurchase agreement
6 C: F0 a1 `! i$ X3 u8 uD. sell government securities under a reverse repurchase agreement $ V6 Q: ]! y* D8 `. V/ n& }
78. Which of the following business strategies is most likely to increase the net cash flows of a software developer in the short run but to reduce them over a longer term? ______. ' _* w# x% \+ K. i
A. Develop software that is more costly to create but easier to update and improve ' R. w1 g8 h* Z2 ?4 |" I, l3 N
B. Lower the price of existing versions of products as customer demand begins to fall 3 O: s3 P2 h/ ]: b/ A+ F
C. Purchase the building in which the business operates (assume the company currently rents this location)
" w! G" c5 I0 S2 X3 |2 e* ZD. Reduce expenditures for the purpose of developing new products
V& v* X" N: Q$ |' p( b79. Exchange controls require the government . . X; [9 ]( a# |* u
A. to ensure that the foreign-exchange market is perfectly competitive
2 _' q& F( z: e _: A5 JB. to stop buying foreign exchange * k4 u% N* W$ b. h" G- ^
C. to sell more foreign exchange than it buys 0 I8 K. V0 n u) k( [2 R
D. to balance inflows and outflows of foreign exchange at the current exchange rate + J. C) ^- o* R$ k+ Z9 H7 \) u/ A; g
80. See the following diagram: Bank A AssetsLiabilitiesRate-sensitive$20 million$50 millionFixed-rate$80 million$50 millionIf interest rates rise by 5%, say from 10% to 15%, bank profits (measured using gap analysis) will ______. , ^' F. w4 Q' }0 o2 f4 Y; @: {
A. decline by $0.5 million
! i! X- [+ |% KB. decline by $2.5 million ! _: x3 F2 U0 V* a
C. decline by $1.5 million ?/ C* y s! {- D. t( I
D. increase by $1.5 million : U- N5 S: Q9 R$ X
(1)
3 M2 T6 \; |+ X+ q$ W4 H3 |(2)$ W7 ~3 B3 ]0 ~0 T7 R
(3)
: I7 [/ x8 m! f0 u$ A" e(4) + y# k; r' E% C
(5) |
发表于 2012-8-16 08:05:44
