1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______., K6 B9 j3 w* p3 v* _. V
A. his voting rights are considered more important( m: i |0 H2 o' K& P
B. he has the greater right in choosing the board of directors
/ U# g% |' d. y r9 \) RC. he receives his dividend before the ordinary shareholder' E3 X( w- C: f+ H# A' c/ E2 u- z
D. he has the right to buy ordinary shares more cheaply2. What are the two major accounts in the balance of payments? ______.
+ u/ M! J* O, z, CA. Current account and fixed account
: o, _# ]$ i0 ]' T) P% @, @! KB. Capital account and deposit account6 \$ d6 F5 N# p% B5 ^
C. Capital account and current account1 ]; b$ G% i6 @0 d# \$ S: u
D. The account recording transfer payment and the account including an offsetting transaction3. Which of the following is not a financial instrument? ______.
( j- H, p0 l* E3 M2 @0 _5 OA. Treasury bills/ k" S3 n/ N3 W D! R% _( b
B. Real estate- G( S4 B$ W a' b: j' x F
C. Mortgages1 A5 c5 m w1 R$ }7 ^' N- C
D. Stocks4. The yield to maturity on a bond is ______.) ]8 q/ C4 S$ R+ H0 r4 C
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium# P! E7 O* D1 c5 Q* l( i8 C
B. the discount rate that set the present value of the payments equal to the bond price
- B; Y% v# T0 L9 sC. the current yield plus the average annual capital gain rate$ G" ^+ s6 Z- {) P }
D. based on the assumption that any payments received are reinvested at the coupon rate5. The annual interest paid on a bond relative to its prevailing market price is called its ______.( Z. \9 I q! r
A. promised yield4 {- S& t* P: O4 t5 |
B. yield to maturity2 S$ Y: @2 x) `* A) d v) O/ @# c' ~
C. coupon rate
5 M6 H) V& Y+ M3 dD. current yield6. Rapid increases in the price level during periods of recession or high unemployment are known as .
+ h3 N( `+ K2 Q- uA. stagnation
! J+ V: i9 n( RB. stagflation% m8 \3 N* E7 Z& }! c9 u) N
C. slump
8 H5 o) y" i( ~5 mD. inflation7. A person who left his/her job to look for another job would be classified as ______.
! @ l# u% Z( V7 I; u( sA. structurally unemployed
* A9 {* ?3 S7 `% e4 M( i8 z2 R0 cB. cyclically unemployed D- }! @4 r m; R; B
C. frictionally unemployed
, S) [2 T& h1 u o/ A) ?& XD. no longer in the labor force8. Which of the following is not included in a statement of owner‘s equity? ______.
! f% O; V- N" P9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.9 ^! m; k( p7 o" h
A. expansionary monetary policy and contractionary fiscal policy. z8 X) L' v7 {, m4 H( N' c
B. contractionary monetary policy and expansionary fiscal policy! `5 {/ X( C/ T& A0 Q& ?; P
C. expansionary monetary policy and expansionary fiscal policy
8 d. p" t" c; j8 ?0 { J4 AD. ontractionary monetary policy and contractionary fiscal policy 10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.9 v# \+ q' e: J0 M* F/ j
A. leisure...work8 u) h% [ H5 N6 @- R8 C
B. work...leisure1 ~' z+ Z4 ?! A% D: r/ U) L9 [
C. work...of all of other goods
9 ]! ?# ~3 Z3 F/ OD. leisure...of all other goods |