1. Commercial paper ______., B7 o7 m8 e& {5 e
A. is issued mainly by commercial banks
5 ~3 `. P$ H6 M6 h6 P. K SB.can be either short or long-term debt ^4 r4 @9 p+ ?4 {5 r5 n0 A, S2 V8 l4 ]
C. is most typically issued in very short maturities, such as one or two months
' H* g8 s4 e2 gD. ought to be considered a capital market instrument
' R2 j8 {% t- w. C+ c3 [4 }, H3 P0 N2. The expectations hypothesis assumes that investors regard bonds of different maturities .
- z4 E, P. H! v9 m4 B: k0 \6 p- JA. as perfect substitutes* o' i4 K) u: U5 v: S/ u
B. as not substitutes at all6 I0 m5 R* I$ e. Y# g
C. as substitutes, but not perfect substitutes
# k5 T* W& n8 {: t4 S. c/ zD. none of the above1 k1 q1 X/ H3 I& N1 c: A4 n! Z: o
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.8 |. S/ v& O z$ N, X
A. 0.05
8 D* f9 C- g8 g0 [% l- _$ HB. 0.5
9 n; A$ D: _/ Y* X) b2 R" [: k/ k, h$ jC. 5, P: c9 w8 p( I9 B9 {8 ^
D. 50+ {( O3 g9 r7 s# p
4. Liquidity of a business is measured by ______.: _- z& X: K6 ~9 a/ \
A. the rate of return on owner equity: [! a6 c" @& i7 T1 _
B. the ratio of total revenue to total expenses incurred2 O% `" R* p$ s* M' Y \' R" `
C. the ratio of current assets to current liabilities
" e, j' q" Z9 n8 pD. the ratio of income to costs$ y# @+ R7 b6 a7 p) H6 ]
5. Which of the following is an example of an automatic stabilizer? ______.- N& G7 z( c( H6 d9 p d
A. A change in interest rates, r0 ]; C; J, D% f# z' V
B. An increase in government spending4 ?' m6 H% @, h. H' n
C. Lowering income taxes
& s( k5 v/ h- O, S2 hD. Unemployment insurance
" b& k8 f; y8 @) T4 g6. Which of the following definitions fits depreciation? .2 ~: P3 c7 [8 j6 X& M% J4 _8 H
A. Allocation of the asset's market value to expense over its useful life4 p& [7 Q. L% p4 `8 N4 [
B. Allocation of the asset's cost to expense over its useful life" g. G r6 M* B. U& R
C. Decreases in the asset's market value over its useful life
" a5 ?5 ~/ Q' @* i& ^6 }2 C0 N; s" fD. Increases in the fund set aside to replace the asset when it is worn out
# d$ V- F4 J" P' F7. In the balance of payments accounts, ______ are unilateral transfers.
% w* z5 _2 d8 u1 aA. direct investments in another nation's businesses+ Y2 \. V+ A. |
B. international transactions in securities with maturities greater than one year
# v" K& o9 T' b$ u( DC. international transactions of securities with maturities of less than one year
8 m: N' ^! U- d p/ sD. gifts and grants" z* I" Q+ X0 ]8 C6 m
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .. r5 e( G/ B% T9 J
A. a money market mutual fund) _- m, t; U5 O; a! L
B. a time deposit) u9 R# h9 }# b, g2 K
C. Keogh Plan- |% L4 y2 t( m' a
D. a money market deposit account$ Y! y4 W" \. E" Z" Z
9. The central problem in economics is that of______.& R% S+ s3 x$ ]7 l/ A8 ~( ~
A. comparing the success of command versus market economies" [* T n' r+ o9 ]
B. guaranteeing that production occurs in the most efficient manner
8 Q3 j$ r# x/ o J# _. k, ^C. guaranteeing a minimum level of income for every citizen
' K7 C( ], {0 y- O% CD. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
) L/ ? B' O9 h( l# ]) r6 Y+ k4 |$ D8 T; e) C4 K3 K/ I3 s% B# F- X
10. Which of the following is the most accurate measure of a bond's interest rates? ______.
" _/ m9 `( u2 h" W6 j8 b" e) H9 F6 O1 LA. Coupon rate
& m# H$ l9 w2 k3 O) y5 O2 }B. Yield to maturity
+ p& d0 O6 l* t. w+ L% T3 s4 BC. Current yield+ a8 X5 x: `$ d( f2 @8 H3 `! q1 I1 v
D. Discount yield4 Q1 _3 t$ I$ a6 ]$ \0 q I; z M
11. Which of the following is a determinant of asset demand? ______.& s3 \' p. G3 U. ]( J: B
A. Expected return
6 m @5 m6 O; \% ~: g# a( H# c1 ~2 gB. Risk
4 V( X3 y: D, t e. q7 g& jC. Liquidity
) b9 W Q: H T9 r n3 WD. All of the above
% K3 R" V! J& K& C3 g6 D12. Which of the following items are reported as a current liability on the balance sheet? ____.1 @: _% q: _. u6 ^: T
A. Short-term notes payable
: R; B9 f6 b' l. b* iB. Accrued payroll taxes
. ^. F% w7 t, c& r4 QC. Estimated warranties1 p( D$ B; x) p% [( ]7 ~
D. All of the above
5 X' y G9 w O, T# q1 D13. Which of the following is not true of fiscal policy? ______.5 f; W; ^2 Z6 V3 [
A. Time lags occur with fiscal policy.
4 k( g4 ^8 C& GB. Automatic stabilizers help the economy.
4 ?6 ?: O) |7 [4 ?C. "Crowding out" is not a problem of fiscal policy.; d, L! E1 _* r" s7 b
D. None of the above.7 }% j( A# k1 n- ]# w
14. What distinguishes the mortgage markets from other capital markets? ______.
1 T! d7 W7 D3 ]3 D4 MA. Securities in the mortgage markets are collateralized by real estate
$ T( B- z0 ` T) PB. The mortgage markets usually involve long-term funds
$ l; }/ k$ L: L2 s* o: }+ r. wC. Borrowers in the mortgage markets include individuals and businesses1 p" ?# v/ l& j+ G: Q& C9 O4 h
D. All of the above4 z1 l' V+ D% k3 |2 g( }
15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.9 [# z0 _; G0 o6 R& r9 p
A. withdrawal3 R; x" v7 v2 w+ n& u
B. liquidation
( f$ W& U% ?+ o: _3 bC. acquisition
# _5 x% {! ^5 S# A1 ID. dissolution S/ x5 i3 ~$ ~2 b) X! x x" D
16. When an investor is buying stock as an investment, the value of most direct concern is .
8 }6 ?* T( Y7 v8 I% D3 w+ kA. par value
# A, _" h3 @ NB. liquidation value
4 X- X$ m$ o, v9 kC. market value) @$ Z- _* \# B7 ^& a
D. book value
: q; {; V" x9 l/ r17. Autonomous transactions are ______.0 z" L/ `/ a- M' D/ ?
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market
. \: d5 } P# T( N0 RB. transactions that are not undertaken in the pursuit of commercial profit
# R9 M ^9 ]" w4 \5 h, t% d9 _9 @C. transactions undertaken for normal commercial motives
) R [3 r8 Z* c. g( H& TD. none of the above
8 ?4 b0 F5 ?% U0 q' e. h2 X" G, J8 q+ M
18. If taxes decrease, which of the following correctly describes the effects? Disposable income______ consumption ______, and savings . |
发表于 2012-8-16 08:05:44
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