1 Commercial paper ______
. z5 J; H4 z7 P4 Y: }+ V( m A is issued mainly by commercial banks
( v% g. s" U' k! Z( H( }0 h: v T Bcan be either short or long-term debt. E; C% t: Z' C. `
C is most typically issued in very short maturities， such as one or two months
6 J o9 m+ f* h- K* B D ought to be considered a capital market instrument+ ~1 s% l+ I2 ?
2 The expectations hypothesis assumes that investors regard bonds of different maturities
# H- ^7 ]# q0 ?+ M7 X A as perfect substitutes
9 H/ J; N8 j( J$ ~* O B as not substitutes at all
* l N: S! h, m% ] C as substitutes， but not perfect substitutes
- K1 M# E; w. A# q* l* J# G D none of the above" h/ p6 y1 V+ j- ^$ I
3 If the yield on Treasury bills falls from 527% to 522%， then the yield will decrease by ______ basis points
7 a( {1 w2 L7 `& } A 005
3 t: j. Q( B8 r+ y3 W6 L# e3 ]4 b! e& m B 05
* d& G4 `7 B2 V C 5# _4 {- ]7 o0 X
D 50
* Z3 c- C5 D1 O6 s7 z 4 Liquidity of a business is measured by ______
4 h. w% W) [; C0 v- _+ J7 t A the rate of return on owner equity1 Z B6 y3 z' e2 k4 U7 u- s4 G
B the ratio of total revenue to total expenses incurred) h0 j @! y9 K2 ^6 S
C the ratio of current assets to current liabilities% r& z& R! @6 M7 x! P
D the ratio of income to costs
1 o# E/ l: f. [/ x% p 5 Which of the following is an example of an automatic stabilizer? ______
+ ^& ?: |% y& l6 ~6 V! G A A change in interest rates
/ ~! ]! B2 w. p$ i3 `6 M B An increase in government spending
: e# ]/ j' @) J4 L1 L L C Lowering income taxes
, h# S, _" X' h' J D Unemployment insurance
4 N3 z l: U R: _% y4 v7 T 6 Which of the following definitions fits depreciation?* D* W f; p* ?7 S6 G
A Allocation of the asset‘s market value to expense over its useful life7 ~$ r% }3 B7 x, D5 w
B Allocation of the asset‘s cost to expense over its useful life
' w. b( a! X+ Z$ }9 P4 g C Decreases in the asset‘s market value over its useful life: n8 l8 F" y7 h( X; o
D Increases in the fund set aside to replace the asset when it is worn out) y" [& {; y; K3 v& n
7 In the balance of payments accounts， ______ are unilateral transfers
. m" e- n( ]8 L, k$ u# j7 Y A direct investments in another nation‘s businesses) q9 @# T+ K* r, j) `6 N( F
B international transactions in securities with maturities greater than one year
! U8 Y/ H( k& f8 h0 } C international transactions of securities with maturities of less than one year
& X/ L' O2 w3 C# B D gifts and grants
2 `2 I( l" G# V 8 A self-employed person who wishes to make provisions for retirement and reduce current tax liabilities should invest in6 U6 @, K0 k/ J, o5 ]( C6 p
A a money market mutual fund+ k7 R4 q f$ j/ L1 i
B a time deposit
: N6 _# U1 t6 ~0 x9 A) g" e, { C Keogh Plan
0 a0 G* q8 {4 T3 h7 m D a money market deposit account' B0 s' e; u, g' i/ v
9 The central problem in economics is that of______
! J+ z4 ?+ \& I+ S# V A comparing the success of command versus market economies4 B: N6 u& p2 }
B guaranteeing that production occurs in the most efficient manner8 {, m f1 z$ A6 Y- o6 ^7 Z
C guaranteeing a minimum level of income for every citizen& C0 }" B4 G( q1 u9 l6 U
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? ______( n- f9 R; v$ t+ }6 ?
A Coupon rate Y6 w, \/ U2 A
B Yield to maturity5 U6 l9 R6 ~0 }5 ~
C Current yield9 a* U- ~! k; x) H# @
D Discount yield |
发表于 2012-8-16 08:05:44
