1. Commercial paper ______.
) Q9 Z5 o6 W8 i* N6 G+ G3 f5 \A. is issued mainly by commercial banks9 X) g$ V" `9 c+ H
B.can be either short or long-term debt7 g& e3 [- i0 W# i7 N: _9 n. ]
C. is most typically issued in very short maturities, such as one or two months& A' E- ]3 e7 N5 @% G
D. ought to be considered a capital market instrument
8 h: v7 f) N) U7 i3 p3 h2. The expectations hypothesis assumes that investors regard bonds of different maturities .
2 h! w! W! m5 J& LA. as perfect substitutes
# Q- p( O1 X' w/ o3 ]; e6 @B. as not substitutes at all- _4 t( z7 ^4 {( N6 L6 }& b
C. as substitutes, but not perfect substitutes- `+ ~9 `+ o* s/ T
D. none of the above
4 {5 ]- B0 a4 S3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.& g$ Q7 J) e; N3 r1 ~( m/ X
A. 0.05
6 t% x- |6 B) r! k* k' `1 TB. 0.50 v& E8 M# f, Z8 q* w, k" Q4 v2 w
C. 5
$ R8 w5 V: [$ ?3 `$ V! P3 ^D. 501 ]. ?0 Z" }* s0 @4 A" p' r# M: _; q
4. Liquidity of a business is measured by ______.
v3 J; |" k: q. R6 gA. the rate of return on owner equity7 w e Z ~1 M$ \
B. the ratio of total revenue to total expenses incurred& z9 k3 ?2 W* n6 G, G
C. the ratio of current assets to current liabilities
7 Z$ g, n N- v) R wD. the ratio of income to costs/ c+ b6 i. ]6 C$ t3 i1 j V/ m
5. Which of the following is an example of an automatic stabilizer? ______.$ I/ W3 v! M) k9 |5 S
A. A change in interest rates( z* C3 u! P" b
B. An increase in government spending
7 s* p2 J' {9 f6 v# k8 GC. Lowering income taxes$ J$ J" ~9 q( Y- o8 R
D. Unemployment insurance
0 n4 D: y2 f2 b$ y2 A. {6. Which of the following definitions fits depreciation? .1 N8 A# B7 O' b6 n9 j2 y+ @ x$ m
A. Allocation of the asset's market value to expense over its useful life8 y6 Z1 r9 R/ a* T6 W
B. Allocation of the asset's cost to expense over its useful life' R) j% E- Z& H0 A
C. Decreases in the asset's market value over its useful life) P( U1 e% x) @
D. Increases in the fund set aside to replace the asset when it is worn out
8 W- ^/ U/ ?- r5 U* S# F7. In the balance of payments accounts, ______ are unilateral transfers.9 o- S" y* O& t$ U* @
A. direct investments in another nation's businesses
- J! m& N: s! b3 A( [9 B; R- qB. international transactions in securities with maturities greater than one year
" U) f7 ]+ ]! l. a f( n0 W3 AC. international transactions of securities with maturities of less than one year
! W/ R' K, F/ SD. gifts and grants' W" _! I \4 c! j# M- ]* b
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .& A* M6 A- P5 F
A. a money market mutual fund
8 {9 B! _, w* s5 CB. a time deposit
8 X( W5 Y# _1 cC. Keogh Plan% X- y5 g, K. b* c# s( U# W% u
D. a money market deposit account, K) k& Y+ n" U
9. The central problem in economics is that of______.
1 _. R; g2 x3 J" j sA. comparing the success of command versus market economies! }5 `7 x( L, o! A$ Q
B. guaranteeing that production occurs in the most efficient manner
4 q% |! q( \- I( \0 B9 y; lC. guaranteeing a minimum level of income for every citizen! ^' D% o; g" z& I
D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible
8 d0 {3 Z* |- @, B9 N
! q, c0 o( u; |) _10. Which of the following is the most accurate measure of a bond's interest rates? ______.9 Q( v* J. C" B3 d7 {
A. Coupon rate
0 Z) U+ j( j+ b1 S' QB. Yield to maturity( E1 W4 z* m; {. Z
C. Current yield- z3 E h+ b& C! D3 ^/ M3 I0 @- C0 K
D. Discount yield
& y( T' g) U& M# S' M0 q11. Which of the following is a determinant of asset demand? ______.3 g# @. L4 l7 ~9 W
A. Expected return+ ?6 _9 M! j8 R3 ~; ^3 m
B. Risk( g* r, g2 u$ _
C. Liquidity$ \" b0 |0 ^4 e6 {
D. All of the above. {2 @, f6 K& b6 k+ O: n8 z
12. Which of the following items are reported as a current liability on the balance sheet? ____.
! M) ~; }; g5 p, ]' nA. Short-term notes payable* j! q/ N6 _- s* B5 \
B. Accrued payroll taxes& ^' S+ b- y. Y
C. Estimated warranties0 m& g' T Y- q/ r3 R8 n* ?
D. All of the above
6 l1 Y! K: u( T3 H13. Which of the following is not true of fiscal policy? ______.$ ]) v, Y$ V; i) P# N5 t
A. Time lags occur with fiscal policy.
3 R) O7 n. k& H' P5 S3 PB. Automatic stabilizers help the economy.
) Z( k+ x9 H. x5 W3 zC. "Crowding out" is not a problem of fiscal policy.5 \: P" G$ G ~+ P. t0 Y
D. None of the above.: K# u! _' o8 Y5 T
14. What distinguishes the mortgage markets from other capital markets? ______.0 T* _/ z; y: H, Z+ ?7 i6 G
A. Securities in the mortgage markets are collateralized by real estate
; j" D+ ~7 {- p* a! Q) s# GB. The mortgage markets usually involve long-term funds
& J/ C, q( M K P3 N. @- Y0 XC. Borrowers in the mortgage markets include individuals and businesses- c$ ^6 h; G, }/ f0 A' F
D. All of the above
2 a" `, L0 [5 o9 R8 u8 Y1 ?15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.
5 F" ~& u0 g+ V& r) m U+ g3 S. Q. OA. withdrawal
% w/ F$ E2 G6 @5 aB. liquidation
4 r5 g# u; M3 ^7 w2 |7 RC. acquisition# q5 d2 e( Q1 q V. X
D. dissolution
' L6 v, e2 }4 S* {" [16. When an investor is buying stock as an investment, the value of most direct concern is .3 B6 s" K- H' J7 w$ v2 ~ v% y3 W5 f
A. par value
! t! K- C+ w! O0 MB. liquidation value" k8 e E' F. }, T9 T! p% [
C. market value. C% c1 @& k" b$ q/ j
D. book value' K3 g3 K/ M2 K9 y) x
17. Autonomous transactions are ______.) A) F! Y# K; p" f4 t9 y: v1 t" A
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market1 s* X7 [( N# L
B. transactions that are not undertaken in the pursuit of commercial profit: v) s [ U; g0 a/ [* M4 b7 }& L
C. transactions undertaken for normal commercial motives# S4 J5 l3 q8 W* O
D. none of the above' o" q# N1 O- n4 j/ _4 n0 `
( J, l% \3 E" i6 W18. 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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