1 Commercial paper ______
( B' @. u* w$ T' X4 }5 y, x8 _" vA is issued mainly by commercial banks
7 e. x' J& z9 CBcan be either short or long-term debt
, i7 D0 M7 C$ g5 r% Z3 dC is most typically issued in very short maturities， such as one or two months3 H% i6 _1 ]( i. Q; L N8 ^2 I0 p4 b
D ought to be considered a capital market instrument! \6 _$ w/ F! x, Y
2 The expectations hypothesis assumes that investors regard bonds of different maturities
" L+ [+ u3 E. e- Q$ MA as perfect substitutes
& K5 k7 P# g7 b0 h/ qB as not substitutes at all
" n7 d$ ~7 ?' k' T J9 W% j4 d9 yC as substitutes， but not perfect substitutes
- _+ f _" ]- i7 r# f$ l! XD none of the above
' V, ~- b6 z2 E, t1 y% N3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points- L& v0 o! [+ C
A 005
% j, Y- s, x0 j: J, D7 f1 OB 051 ?/ {- g/ G# u, q/ T
C 5
3 e0 p5 @' X- {. X) r8 ZD 50
* m. ~7 C9 }; ~. @8 [5 \4 Liquidity of a business is measured by ______3 \' g0 A, `: w. @2 \( O
A the rate of return on owner equity% d9 n3 u/ G* D. h* y
B the ratio of total revenue to total expenses incurred
: t3 h3 P% G" ~0 u YC the ratio of current assets to current liabilities0 D& }6 S8 h; |- W9 \0 d
D the ratio of income to costs3 u3 T) C3 w: T
5 Which of the following is an example of an automatic stabilizer? ______
* X! y5 h5 ?/ m7 ?+ W& }9 gA A change in interest rates1 G: B; V8 R- O9 b, A8 R& ^4 d5 B' h
B An increase in government spending3 K% K: Q7 m/ t0 M9 z a: f
C Lowering income taxes
5 `( M7 T9 X3 S3 O. tD Unemployment insurance; f+ T+ w. H: D( h/ [
6 Which of the following definitions fits depreciation? + [( v* z+ q: J- O0 G1 f
A Allocation of the asset‘s market value to expense over its useful life
" ]; x- n% j% d3 OB Allocation of the asset‘s cost to expense over its useful life
1 l! y, A: e" N4 r4 }$ |C Decreases in the asset‘s market value over its useful life2 i3 t: c% ~3 J' E+ W0 J6 |9 y( I% G
D Increases in the fund set aside to replace the asset when it is worn out" E% `7 @; l7 ~3 n9 `
7 In the balance of payments accounts， ______ are unilateral transfers$ B6 y" n% c( }: |# }& V, N
A direct investments in another nation‘s businesses, x! x( Z! y; e# b5 X/ r
B international transactions in securities with maturities greater than one year
, S/ b2 A/ S* q! L# [C international transactions of securities with maturities of less than one year
: Z+ \# j. D8 m, s; H% FD gifts and grants
1 `7 S& D! X! q3 C+ q8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in
! O6 a: d) e) r% }A a money market mutual fund( I( O) |1 t7 [
B a time deposit/ b5 l h/ A. l- N5 P* g4 i3 {
C Keogh Plan
$ e5 F0 S& I+ x n% vD a money market deposit account9 ~- n+ [$ {" H' A) y+ L
9 The central problem in economics is that of______& k: p) r" T! q" E# C# D7 z
A comparing the success of command versus market economies
; J( n4 a a" i" R) {+ z8 o& UB guaranteeing that production occurs in the most efficient manner
. n6 u! \1 D8 k: n0 PC guaranteeing a minimum level of income for every citizen6 ?5 X: l2 @! t) N1 P
D allocating scarce resources in such a manner that society‘s unlimited needs or wants are satisfied as well as possible10 Which of the following is the most accurate measure of a bond‘s interest rates? ______) B$ V: M$ E/ ]* I; j
A Coupon rate
$ V8 W; B1 J, S& u7 ]4 p1 p7 ?B Yield to maturity5 L, o5 o% N3 u( a6 t' H
C Current yield3 O$ A' E1 w* a9 [+ M
D Discount yield |
发表于 2012-8-16 08:05:44
