1 Commercial paper ______. U3 \' J% r3 v7 ?+ r! Q) L
A is issued mainly by commercial banks
, P5 m1 T4 m3 ]. E! k$ GBcan be either short or long-term debt9 `% O- h, ]& G1 Z8 q
C is most typically issued in very short maturities， such as one or two months$ f- ?# t, N4 l; j
D ought to be considered a capital market instrument
. d; @& `. i- R# v4 }2 The expectations hypothesis assumes that investors regard bonds of different maturities
* z! u% T8 U1 b" s* A5 y/ R3 t. hA as perfect substitutes ?8 Y( ` l0 b5 _
B as not substitutes at all+ n0 T; c; b3 g( ^) ?
C as substitutes， but not perfect substitutes- u" x9 x9 p. y; ?2 p1 Y1 C$ L% z* d+ y
D none of the above
% r) m: O; F8 b8 Q3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points; F- J7 E: ]( Y, }& A4 n
A 0050 S" T) J7 a. D: [1 o ~) n" c
B 054 p2 K2 w3 _3 C+ X6 r4 @
C 5/ {0 u( r/ J- \: Z' m3 ]- `# K5 V
D 50% M) L# R/ t Q9 Y- t/ A
4 Liquidity of a business is measured by ______
1 Q2 a/ }7 K- mA the rate of return on owner equity. q1 i% z2 a' s8 a+ V+ b; {
B the ratio of total revenue to total expenses incurred
% Q' T$ W! @! S# S. o6 YC the ratio of current assets to current liabilities5 s: h) T3 I7 h7 l( h
D the ratio of income to costs
, {1 s* l F5 W) D$ }5 Which of the following is an example of an automatic stabilizer? ______& { ?* i) q. e9 b' h4 J
A A change in interest rates4 j8 z8 u) g$ Q# K2 v
B An increase in government spending8 c5 Y& }0 z T/ b/ o7 Y
C Lowering income taxes0 h2 l! l" u9 k- x+ ?5 Z
D Unemployment insurance
" m0 r7 r: s7 o0 H6 G; x( e6 Which of the following definitions fits depreciation? . F3 ~5 P# t* d1 t$ m5 }
A Allocation of the asset‘s market value to expense over its useful life
5 _# M$ r- R5 Y+ M! A QB Allocation of the asset‘s cost to expense over its useful life0 u8 D! _, G. A1 n
C Decreases in the asset‘s market value over its useful life
4 B7 }7 M) E& k; YD Increases in the fund set aside to replace the asset when it is worn out
0 k8 v; L c. e( U0 R# u# _7 In the balance of payments accounts， ______ are unilateral transfers
4 Y8 {; S6 Q5 l) ?A direct investments in another nation‘s businesses: u9 Y( v3 Z0 K8 W, X, v
B international transactions in securities with maturities greater than one year" ^, y( U+ r# J+ c, P" h4 ^0 k
C international transactions of securities with maturities of less than one year
$ T2 |- j& b. {7 T9 GD gifts and grants
w$ ]' c# M2 O( o4 {0 u& F6 \8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in
7 q. H0 z" X& T" \# R, u8 FA a money market mutual fund
2 W! i% `# Y4 {; D( fB a time deposit8 F4 h' s) X6 h! B d- M" o
C Keogh Plan$ Q5 P, P$ O6 F3 p: X Y
D a money market deposit account
- }! L! S; H7 c2 h9 The central problem in economics is that of______0 @& @% F& @) X; O) P4 V) H
A comparing the success of command versus market economies0 m/ }8 G; J2 p4 ] n. Y
B guaranteeing that production occurs in the most efficient manner0 a! e7 m" b9 b- _
C guaranteeing a minimum level of income for every citizen: Z7 K8 ~' s, J
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? ______* A* {7 O- H- F; A1 X1 s) C
A Coupon rate
1 W* N7 x, G7 e+ ?% y3 S! R9 }B Yield to maturity
2 \: d0 w# N. p) n) o7 NC Current yield/ ?! n& |; [/ P& P7 ?
D Discount yield |
发表于 2012-8-16 08:05:44
