1 Commercial paper ______
" ?' r0 O- k! l1 x A is issued mainly by commercial banks
, Y) P& u- K( h. A0 U5 F Bcan be either short or long-term debt7 p/ _1 E, J' o% y' E5 o
C is most typically issued in very short maturities， such as one or two months
1 f+ F l% [8 V. q1 s4 p D ought to be considered a capital market instrument: T: L }8 T. C. p1 }1 K; |# P
2 The expectations hypothesis assumes that investors regard bonds of different maturities; \; m. K! @, t3 x v0 o
A as perfect substitutes
( K2 V: Q7 T' z& E8 z2 e# V. b9 ]5 A B as not substitutes at all
/ |; O: B3 Q# C3 B+ B. s7 X0 D, s C as substitutes， but not perfect substitutes* ~2 h( W: F% E9 u/ u: Q2 y; t4 G
D none of the above9 x" j7 @) W/ \" Q) t
3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points
0 b- h0 }. f) ^( d' d1 q9 H A 005% M, Z; R# u% Q0 R, q) |8 z! d
B 05% R9 S. h- C% `
C 5
9 P$ ], i3 m# e# X4 z, D D 50
) C8 i) Q1 I; N5 w# [ 4 Liquidity of a business is measured by ______
2 z6 @2 K) G, ]/ G A the rate of return on owner equity
. G7 u Z ~; V5 r B the ratio of total revenue to total expenses incurred
9 m }# _/ V. e9 U! s# k C the ratio of current assets to current liabilities+ @, j1 I4 X: ]( z+ P) c4 t+ n
D the ratio of income to costs
* l; H5 f$ A0 N 5 Which of the following is an example of an automatic stabilizer? ______! i# n- @% @2 j( U& z( ~
A A change in interest rates5 |; T, M; n& H* V) F8 B
B An increase in government spending6 o6 y8 h% A" U# {3 t2 H, I
C Lowering income taxes3 R4 v( t% x$ @, D
D Unemployment insurance5 i1 m" v9 F j1 R( b$ H& O
6 Which of the following definitions fits depreciation?+ E5 j! P( Q8 H+ v
A Allocation of the asset‘s market value to expense over its useful life" Y2 b- d/ L ?7 k
B Allocation of the asset‘s cost to expense over its useful life
; q" p) j4 Z% J! c C Decreases in the asset‘s market value over its useful life
) a* o, F3 k5 X7 w1 F2 P D Increases in the fund set aside to replace the asset when it is worn out9 @& w5 N$ m2 C- z+ N. f- i
7 In the balance of payments accounts， ______ are unilateral transfers G& E5 S# P: u9 ^0 X$ {
A direct investments in another nation‘s businesses
0 _/ E4 [5 {) z. K! V! ]' H6 u B international transactions in securities with maturities greater than one year
9 a3 P) {/ S& o* n; w C international transactions of securities with maturities of less than one year) [6 H3 X6 i3 [1 Z1 K' R, l3 O
D gifts and grants
; W: u4 V6 @ Z* Q# D" r9 D/ L+ V 8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in
4 T5 ]7 V& W% q9 v A a money market mutual fund
; m$ A+ A9 w7 ?8 c1 S B a time deposit
2 a4 B8 z& b9 P/ X C Keogh Plan
$ T) [% b" C7 x3 u" m D a money market deposit account, S" o* A* S3 j% i, X' m
9 The central problem in economics is that of______
' G: a) i5 A. ] A comparing the success of command versus market economies
' K2 a2 J3 ]0 I- L) V B guaranteeing that production occurs in the most efficient manner$ S# T% d* I/ w b1 T
C guaranteeing a minimum level of income for every citizen
8 v% C( f/ _' w3 E( v j D allocating scarce resources in such a manner that society‘s unlimited needs or wants are satisfied as well as possible10 Which of the following is the most accurate measure of a bond‘s interest rates? ______4 A& Y' p% v# o8 W8 |* X9 S
A Coupon rate
: |! A; V. y; j" I B Yield to maturity6 `0 g$ v+ F4 Z9 p& d" b9 l8 {4 s
C Current yield
3 u0 y/ s3 j! P D Discount yield |
发表于 2012-8-16 08:05:44
