1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.1 r8 ?1 ]* N# Z' s" `- N
A. his voting rights are considered more important# t6 d3 {5 e q- f$ @
B. he has the greater right in choosing the board of directors$ R: ~6 L& l& l+ E- r
C. he receives his dividend before the ordinary shareholder
% q5 n5 a' p0 D# L7 R. n D. he has the right to buy ordinary shares more cheaply2. What are the two major accounts in the balance of payments? ______.
8 }0 v( u+ a% ^: X% m: n) x2 w A. Current account and fixed account
% @; O/ }" n7 _9 @ B. Capital account and deposit account: f4 x& P" F9 Q9 I. h) S
C. Capital account and current account
# ~; W/ l& \2 z8 L D. The account recording transfer payment and the account including an offsetting transaction3. Which of the following is not a financial instrument? ______.
8 h5 R' V9 V) Z& G A. Treasury bills+ }# c9 m0 c( v# q& U8 W" s3 g$ M
B. Real estate
, M4 ^0 |4 c x# K. o' E* X C. Mortgages
7 X+ B1 T6 ]! k5 L* u D. Stocks4. The yield to maturity on a bond is ______.
S- j9 E4 i7 B3 u# w* e* h A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
3 Q# ?' k }0 e+ M6 o4 I5 ?* c B. the discount rate that set the present value of the payments equal to the bond price
/ z! E$ n8 J% B. M2 C& g C. the current yield plus the average annual capital gain rate( F% q/ ?5 w6 \
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 ______.8 J8 e% `- F2 \( x7 N9 D! K- ]
A. promised yield: B* C- ^0 A& a( h) }' W8 N
B. yield to maturity
`& O* ^9 Q5 v* r C. coupon rate
$ e3 e+ N: P+ Q: L0 ^8 ^8 Y( Y D. current yield6. Rapid increases in the price level during periods of recession or high unemployment are known as .0 j0 _) q. ~( M
A. stagnation9 B! r+ i; O8 [( X0 a4 i( M: q
B. stagflation A# N1 R: j" P" g
C. slump
9 s1 h6 W4 z0 ~& D0 L2 o) J3 F) V D. inflation7. A person who left his/her job to look for another job would be classified as ______.8 ^; P; c l- f7 `4 g$ y6 y' h
A. structurally unemployed
. \ u% I3 M/ R1 Q) g B. cyclically unemployed
! B z( c8 B3 f9 a0 T C. frictionally unemployed8 I8 b% E8 r( J( ?
D. no longer in the labor force8. Which of the following is not included in a statement of owner‘s equity? ______./ J7 `) ^) y% z% ~* w* M d [
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
2 v* Z+ n2 q, [' Z) @; I# q% \* W1 y A. expansionary monetary policy and contractionary fiscal policy# @$ j2 V$ p# [
B. contractionary monetary policy and expansionary fiscal policy
: [3 r5 |- e ` ~8 I( { C. expansionary monetary policy and expansionary fiscal policy
0 E n, Z% d) G$ t/ z& g8 u4 Y4 i D. ontractionary monetary policy and contractionary fiscal policy 10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.' K' l, i8 c# @# M" r1 ^ V
A. leisure...work/ C p4 N1 Q# [
B. work...leisure K: p- G( {; N! k1 h: C
C. work...of all of other goods* i, Q. S! w2 p8 G5 z% e
D. leisure...of all other goods |