II. True or False Questions/ }8 A/ a& V* X$ n- G% f7 t' ?
26. As a general rule， the shorter the maturity of an asset and the more readily it can be sold， the more liquid is the asset.
! s, @) C+ L+ X/ c% [" ]A.True B.False
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27. Investors in the capital markets are not subject to any tax on their investments.1 \6 O5 _" g) C, d; _$ A+ B
A.True B.False
2 O% q% ?1 u; ^' _8 N. N7 v- N# {/ R% A+ E' r6 N) `3 t
28. CMO is a security backed by a pool of pass－through rates， structured so that there are several classes of bondholders with varying maturities， called tranches.8 H* H" \% _- z+ o( ~, Y
A.True B.False - }7 G6 j, [6 ]0 v1 ]0 R8 O
. h4 p" `5 E2 u Y. m( I% K9 @29. The purpose of the letter of credit is to facilitate trade， typically international trade by substituting the known credit worthiness of a bank for the buyer， which may be unknown or unacceptable to the seller." _2 y' `! q# }0 a4 Z0 C& a! t# G
A.True B.False + f8 Q" \* J8 p% N# ]* }7 k2 s2 V
+ \) _& y* C- n. P9 I [
30. According to the Phillips Curve， the economy cannot be at full employment and stable prices at the same time.
z# y/ D- P5 @ N: m, yA.True B.False $ c/ F# o6 i9 z# c% C! k9 K
S4 o1 ~- T ?1 a# m31. When total reserves are equal to required reserves， the banking system cannot extend loans anymore., R; j& ]; h6 n
A.True B.False
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8 b0 F4 C4 {0 h7 z32. A bill of lading that covers the shipment of goods on two separate vessels is known as thorough bill of lading.+ z/ N8 G7 n8 [+ T+ v) U
A.True B.False
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2 _, C }8 B4 I# a33. Usually the more liquid asset is less risky.
/ E: \# p& P: X( O3 UA.True B.False 8 y! k! S! Y+ v) G9 Z
- [1 ~. t- _, P$ }34. Where the bill of exchange is not accompanied by documents， these having been sent to the importer， the transaction is known as a clean collection., |& y9 i8 y! z
A.True B.False
' ^ ]* \2 ]- _2 f! ]! P5 w! X$ H; M) N9 u$ U3 A. a% |. b$ ?
35. The velocity of money is the speed with which it can be converted into a liquid asset.( B) H% K5 g @: z) ]; M& y# k+ |
A.True B.False + q9 K7 L4 q3 N' h8 U5 j
36. Primitive securities yield returns that depend on additional factors pertaining to the prices of other assets， while a derivative security offers returns based only on the status of the issuer.0 ~( ]9 _ p* q0 q& E
A.True B.False |
发表于 2012-8-16 08:05:44
