1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.% x" p( O6 }' q
A. his voting rights are considered more important
1 M4 {+ O/ ]& s( k# X, @4 pB. he has the greater right in choosing the board of directors
3 I, g3 L2 N. f# T# ~& I, P+ SC. he receives his dividend before the ordinary shareholder
9 Y" V8 S2 r. C0 {D. he has the right to buy ordinary shares more cheaply, T% d5 I7 ~: X) A
2. What are the two major accounts in the balance of payments? ______.2 ~0 S' `) Q4 r5 J+ k
A. Current account and fixed account
+ w: E/ }8 {( |% _* C( g: @9 c: T( VB. Capital account and deposit account$ H; ^5 ?7 j; J8 ]5 E$ }. H" r
C. Capital account and current account5 r- A0 k; E2 B4 J
D. The account recording transfer payment and the account including an offsetting transaction4 W$ U9 ^# U# U
3. Which of the following is not a financial instrument? ______.
* p, Q4 a9 m+ p8 fA. Treasury bills _7 J# X9 F. D
B. Real estate
0 r6 B* E2 }# X* OC. Mortgages
2 s! ?! C @/ hD. Stocks& U4 r( K' P: \9 H4 t* j1 p6 q1 r
4. The yield to maturity on a bond is ______.
7 W0 p( g4 i0 c: FA. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium3 F% C) o8 L- ]/ _
B. the discount rate that set the present value of the payments equal to the bond price2 t! K$ |: {; D
C. the current yield plus the average annual capital gain rate
7 i5 x- \' l, B$ q% g0 TD. based on the assumption that any payments received are reinvested at the coupon rate2 ~& O+ Q+ f5 @% o
5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
9 Q4 l1 r+ k. r- P6 @. YA. promised yield
) N1 E, e( U8 I$ W6 A M0 eB. yield to maturity$ d0 G8 T4 ?7 g, e2 k- P; N. R7 }
C. coupon rate1 D5 R) e' I2 g3 q$ o5 H7 _' ^
D. current yield( i( s* c8 M& Y! x: {* M
6. Rapid increases in the price level during periods of recession or high unemployment are known as .
{+ c4 m( U1 S, mA. stagnation3 d( m' ], [ h7 f8 E
B. stagflation
$ K' u. \. z, q/ @6 Y/ y7 NC. slump
6 O3 y; v! z( {6 eD. inflation; d! O% H3 s* [
7. A person who left his/her job to look for another job would be classified as ______.3 W2 }4 _) \9 o4 O2 L# s
A. structurally unemployed/ \: V; v% Q. u7 }, \
B. cyclically unemployed$ n4 u+ `7 u i& N0 n [
C. frictionally unemployed
- j$ v2 @2 R( ^, a) uD. no longer in the labor force
" {5 g+ m8 [4 n# H O8. Which of the following is not included in a statement of owner's equity? ______.来源：
1 f& ^ i7 ?# H( w. IA. Net income( H- B' a3 s5 X3 b6 \1 [5 V/ S
B. Unearned revenue# h: `* N* @$ d* t, F- M* N# k
C. Dividend1 w( U0 ?5 }! @2 \" O3 l
D. Retained earning
% D& K/ }2 ]3 B' T9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.& e. R3 R0 s% v) F, G9 K
A. expansionary monetary policy and contractionary fiscal policy% ?/ ?) N! j3 ]5 e2 K3 X
B. contractionary monetary policy and expansionary fiscal policy
, {; J" `: I5 n C% fC. expansionary monetary policy and expansionary fiscal policy/ U8 Z' x, Q: s9 @8 l( K
D. ontractionary monetary policy and contractionary fiscal policy 0 Z, d, f, B1 g- M P# }
) `% _3 W' V9 A10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.$ y d0 M9 l n( v
A. leisure...work
: A7 F8 S3 D* e ]; hB. work...leisure0 @" y* h d4 ^' ^! [ `. j. G1 [
C. work...of all of other goods D; }* ~2 K& X
D. leisure...of all other goods
' Q" W* K$ J2 ^- j X) U( g' C8 `/ t11. The federal funds rate is the interest rate ______.: o7 v" A: [6 X" C0 r
A. on overnight loans of reserves between banks
, Z& b: E0 k/ LB. the government pays when borrowing from banks
3 H' A+ J* X* I" \$ R! qC. on government debt& l! P$ y3 O4 H0 Q8 V$ w
D. both A and B$ B# x+ r: i) `$ K1 }. X, m( R3 A
12. A consumer's indifference curve shows ______.' v+ A& m+ d2 U f/ j! B3 o
A. all combinations of two products that a consumer can use
, I m4 q. v U1 [" Y! b" Q2 k9 H- C7 f7 pB. all combinations of two products that yield the same total satisfaction to the consumer2 ~. M3 V, P1 T1 O/ @
C. all combinations of two goods that the consumer can purchase with disposable persona income1 Q. ]7 S8 _! }( a% \
D. equal income for consumption
. S x, A* D: K( C# s13. The value of any investment is found by computing ______.4 [$ S8 B7 u/ {$ F/ R/ E
A. the future value of all future expenses, r. H3 j7 M/ b
B. the future value of all sales. j$ T7 O0 W. y3 I2 h3 j' H: p0 ]' ^6 v
C. the present value of all future liabilities
1 x8 K6 `9 Q' ^D. the present value of all cash flows
7 [; T' U8 y/ G K8 b3 k* Z14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .# L; ^" y0 R) y( g
A. always consists of central-bank liabilities' D- }! e! n# e8 ^; _& c
B. always consists of assets that can serve as commercial bank cash reserves
$ | ~4 M* @( a6 E5 s" zC. always consists of gold coin! y- b6 Q- L8 E. U
D. must be a "fiat" money$ f& q- c$ m8 t" V
15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates. \: s4 T6 t; p3 M$ c
A. chronological
8 T' _ r- R' ^, M9 h& b5 s/ kB. term
; [/ P& h+ ~: MC. risk5 g" u) D* W* |
D. liquidity7 K# ~8 z8 G3 c2 W0 s
16. An example of an investment pool is ______.
0 M% c7 f$ G( j( y: B% bA. a savings and loan association* ?1 U' \5 y: k
B. a life insurance company2 B; a# E4 b! J! N- I/ p$ g# W9 |
C. a finance company- [: u8 n, O& Q ]2 ]& _& @: K4 q0 i
D. a mutual fund9 Q, i" c3 U+ z! ?$ o
17. Sustained downward movements in the business cycle are referred to as ______.: ^7 c: M' R) X
A. recessions
# U7 z1 i$ Y, R" t. lB. economic recoveries
) B# `! u- z3 _7 P; r& S) }. wC. inflation8 |6 c5 \# g( w+ W$ C! d. f
D. expansions
6 k, V/ `0 g- j* k0 q5 l! a# i7 i6 ^ R8 ]6 F) |+ V" i
18. _____ offers a wide spectrum of personal services to wealthy clients who may have little knowledge of how to handle their own financial affairs or who are too busy. |
发表于 2012-8-16 08:05:44
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