1. Commercial paper ______.
3 Y0 f1 G. E- U: h1 p7 V$ n A. is issued mainly by commercial banks
/ ~$ Z, k" Q( a0 r* c6 k; N1 j3 c B.can be either short or long-term debt5 U1 b9 n$ T9 `- U+ [
C. is most typically issued in very short maturities, such as one or two months
) I W: w( }+ M! R9 y* _; V3 M D. ought to be considered a capital market instrument4 c9 @% H, Y! `$ I/ n
2. The expectations hypothesis assumes that investors regard bonds of different maturities .
2 w8 a2 }5 s3 n/ H$ f( ]: z# S A. as perfect substitutes
i/ i U: T8 g* F$ |* o+ s B. as not substitutes at all& Z7 s# {7 b, V% `( o& B+ _$ p
C. as substitutes, but not perfect substitutes
( E. ]+ m& Y& q) R3 t D. none of the above- x' q/ o. Y7 u
3. If the yield on Treasury bills falls from 5.27% to 5.22%, then the yield will decrease by ______ basis points.
+ O& l; B6 g; {; a, I9 ` A. 0.05+ V* e% k$ l" l4 |# l- d, l2 j @% F
B. 0.5
: G( I/ v+ f& V+ k/ i8 { @) ` C. 5
: D1 m L& {! T6 U D. 505 x7 M. O9 e3 W- E
4. Liquidity of a business is measured by ______.
1 Q6 p. S! U# f0 c A. the rate of return on owner equity: m0 l* g1 n; D- t/ D* k7 M: O& W, L/ O
B. the ratio of total revenue to total expenses incurred
( V0 Z& U; M" K [3 x C. the ratio of current assets to current liabilities% \% W5 I5 }3 {3 K4 f# w
D. the ratio of income to costs
* [/ `2 h; |9 K( }* d 5. Which of the following is an example of an automatic stabilizer? ______.. V% p+ N6 B5 x+ F
A. A change in interest rates* w; \( E6 R" {& |$ u- T
B. An increase in government spending3 K8 x4 l1 q y3 L B; c" D
C. Lowering income taxes7 ~) h/ ? I \: r8 g, F& F
D. Unemployment insurance; f7 T& T$ L% q
6. Which of the following definitions fits depreciation? .
4 K) X! L0 e3 |% G* q A. Allocation of the asset's market value to expense over its useful life
x g( ^4 n9 ] x+ Z( h4 U B. Allocation of the asset's cost to expense over its useful life3 I. T% g. c' S3 b% C
C. Decreases in the asset's market value over its useful life8 v2 E( _, c; c0 D) y: X `
D. Increases in the fund set aside to replace the asset when it is worn out3 ]. C$ _* s" k$ R: w
7. In the balance of payments accounts, ______ are unilateral transfers.
! S0 M8 S& {8 H, ?' g A. direct investments in another nation's businesses- {0 \$ |$ A, b0 u. G. [* T0 Y$ R
B. international transactions in securities with maturities greater than one year0 n6 K3 w& p! I9 l. P7 v- E
C. international transactions of securities with maturities of less than one year
; L% B( B, O2 t! U1 k4 R D. gifts and grants4 w6 T' u- v3 Q1 t9 y5 r3 d R
8. A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in .
! n7 U2 D2 Q7 C `5 n- v+ M. c+ u A. a money market mutual fund
0 \7 ^+ h( i- r! Y B. a time deposit1 @' { ^! z8 b. Q
C. Keogh Plan- b" N0 V! k% e3 [5 ?9 P# \; g
D. a money market deposit account
0 V, E+ U+ S% I/ s 9. The central problem in economics is that of______.
: f k7 r7 W' ?& N1 F) Q A. comparing the success of command versus market economies8 }7 g& d/ _ _+ {* Q; r- |) M
B. guaranteeing that production occurs in the most efficient manner
+ A; p5 F6 Y1 [ P3 s C. guaranteeing a minimum level of income for every citizen
5 {1 a( @# g" L! U& F1 P E7 H D. allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible8 E" s6 v5 @( E$ L5 m1 [
10. Which of the following is the most accurate measure of a bond's interest rates? ______.. T0 u$ t% Y6 R# o
A. Coupon rate
' U7 g; P$ [0 i5 r# v B. Yield to maturity: }5 @" d, F, O; |
C. Current yield8 k$ @- e! w$ y8 U
D. Discount yield" |7 E0 i" `4 C& D- Q
11. Which of the following is a determinant of asset demand? ______.
/ z% B( s+ i$ J5 R2 n4 ] A. Expected return, L6 S3 Y+ P+ }9 c: d
B. Risk
0 _! ~, t5 p3 W% ^8 n C. Liquidity4 |/ v. @) |' s H( Y+ c
D. All of the above
( m3 Q& V: X! [% T0 F 12. Which of the following items are reported as a current liability on the balance sheet? ____./ i [2 j% `2 E: D6 J
A. Short-term notes payable2 P; X! Q. {7 o1 i* K& O" b
B. Accrued payroll taxes5 a8 g# s' d5 s
C. Estimated warranties
* W) e0 y' g0 C, Y! j D. All of the above
$ T5 c7 G* E, k( r- i4 `6 S/ O 13. Which of the following is not true of fiscal policy? ______.
' @& A9 F+ j8 k A. Time lags occur with fiscal policy.
9 e, `7 T7 v) x: N B. Automatic stabilizers help the economy.# {% r3 @& A. r2 N/ b4 l- {
C. "Crowding out" is not a problem of fiscal policy.
3 q( L+ r) t8 y0 ]3 @+ Y4 G; i! g D. None of the above.
2 d$ a. j' I/ ^ 14. What distinguishes the mortgage markets from other capital markets? ______.# \$ G. }1 e5 ]5 {9 v
A. Securities in the mortgage markets are collateralized by real estate
3 _- B) f0 E* p. r4 ]; q" A B. The mortgage markets usually involve long-term funds, f3 Q% b: Y+ n, }& @
C. Borrowers in the mortgage markets include individuals and businesses
T# I. @' e- U D. All of the above
/ m2 {" @$ Q! S8 K: Y 15. The process of closing the business, selling the assets, paying the liabilities, and disbursing remaining cash to the owners is called ______.8 C$ D8 @' { T' I6 {. y
A. withdrawal
; z* h& b6 C% n B. liquidation: |- C, u2 u+ s& Y) S/ M
C. acquisition! R( d% i2 w' G9 P {
D. dissolution
1 C: I7 P: l( p 16. When an investor is buying stock as an investment, the value of most direct concern is . j6 q9 K. d& r- e: j7 T. `# f
A. par value ?. |! t* b6 A8 u. B% x: N
B. liquidation value
7 N8 n! L3 K4 b5 a2 P" B" E/ ? C. market value
$ V3 r0 U- A- }. \/ L D. book value! K& w1 l- f, A6 g
17. Autonomous transactions are ______.7 d" E1 g$ Z7 z6 W/ O7 a9 X
A. transactions undertaken by governments to enforce a price (exchange rate ) in the foreign exchange market
. K6 S( D- D7 Q) m+ ~ B. transactions that are not undertaken in the pursuit of commercial profit |
发表于 2012-8-16 08:05:44
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