1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
( L8 U& o8 |" v& l" T6 n" W A. his voting rights are considered more important
8 A d1 P" \3 _0 e B. he has the greater right in choosing the board of directors
& g' @' F4 f* R8 u; x& |" E3 n C. he receives his dividend before the ordinary shareholder
, @- J% U4 T8 p D. he has the right to buy ordinary shares more cheaply
& Q9 j* X9 X, h0 u. J1 |1 x 2. What are the two major accounts in the balance of payments______.* X/ l" \, z1 \, w; t
A. Current account and fixed account
, A" P9 u9 F* m" @% P6 y) w B. Capital account and deposit account8 a- m" y0 S0 d9 w
C. Capital account and current account
* q% s' V( F9 n0 I D. The account recording transfer payment and the account including an offsetting transaction: _) N& O9 P. x
3. Which of the following is not a financial instrument______.: M7 k, F( H& S+ v1 S' |+ n
A. Treasury bills
* g* U% f! T, T! t1 E+ p B. Real estate
0 u" X- X5 ]6 a, n0 t7 V C. Mortgages5 L2 k" H4 a0 X' ^2 K# Y
D. Stocks2 `! \, O( C- Z
4. The yield to maturity on a bond is ______.% a1 l, o @- b: r- l, W+ V; U
A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
6 v+ i1 g- D+ f @; D B. the discount rate that set the present value of the payments equal to the bond price6 w% L! B- A, s+ C
C. the current yield plus the average annual capital gain rate
) `4 @ v6 E* {) D D. based on the assumption that any payments received are reinvested at the coupon rate
" f: U$ C! B" k4 Y: f7 `5 F 5. The annual interest paid on a bond relative to its prevailing market price is called its ______.# Q' u& t0 A/ W" G/ w3 K6 {
A. promised yield' c7 l: T% B* B2 z% S
B. yield to maturity& P/ x) r5 f; D. \9 X4 X
C. coupon rate2 K$ P4 s! y2 E- q+ Y
D. current yield
' K2 H: K o. {+ L7 x6 B 6. Rapid increases in the price level during periods of recession or high unemployment are known as .
- t0 Q/ a, v8 U4 e1 b3 Q$ w A. stagnation
0 x# z9 O' t* q: [6 V! T B. stagflation
8 D0 R9 Q1 e7 f) B; }' Y% W C. slump$ P1 F! N. A1 j3 B) v) k& ]7 b
D. inflation
& {' T! b0 ~( l; V& L! q! X 7. A person who left his/her job to look for another job would be classified as ______.
. X0 d2 Q& b1 D4 v A. structurally unemployed9 d! h, y, Q+ F8 R# `; q0 G
B. cyclically unemployed
' @+ y& |3 ]( g. B" y! X! I C. frictionally unemployed
' h C- D7 O. i2 ?1 g" P D. no longer in the labor force
3 a0 @$ X; {' N V, g# |$ c# E. e 8. Which of the following is not included in a statement of owner's equity______.6 a1 t3 Z7 _. K+ n; _) B
A. Net income7 U5 Z7 O( w" S
B. Unearned revenue" R0 p5 |' b4 K, t4 n0 ?
C. Dividend; m4 D- F& `) M0 M, ]$ `! z
D. Retained earning9 @4 V& m+ |& m L% V
9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
; l! b' N6 T! Z* \9 F0 g A. expansionary monetary policy and contractionary fiscal policy% F! p F: f3 V- g- g1 Y! I/ M
B. contractionary monetary policy and expansionary fiscal policy
& N" x5 C1 }6 k, B3 P, `, _( ^ C. expansionary monetary policy and expansionary fiscal policy
: U5 M* J4 \" M q9 c; O D. ontractionary monetary policy and contractionary fiscal policy! }! ?0 ^# v3 ^, J& F j- l
10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.$ h0 C5 R+ Q) W3 p
A. leisure... work1 ?, M3 @+ j# M! Q, E+ m( N
B. work... leisure
8 U) ~8 D$ `# A9 I8 H* U C. work.. .of all of other goods
* z2 i# ?- u+ ]+ p t D. leisure.. .of all other goods* U; v9 ^. C. d
11. The federal funds rate is the interest rate ______.( N, ^- ?! R) Q. s7 f
A. on overnight loans of reserves between banks
3 t- \2 r- n" Z0 L1 N) b) ` B. the government pays when borrowing from banks! H0 ~' q4 b; H9 T* L# d9 ^
C. on government debt; T) }" Q7 B/ j! b. k' l1 Y
D. both A and B
8 x( b9 ?) \2 V. E: J 12. A consumer's indifference curve shows ______.
7 B3 y$ V; k7 z$ w1 r& h A. all combinations of two products that a consumer can use
* H# e- Q4 c2 v9 {3 H B. all combinations of two products that yield the same total satisfaction to the consumer, [' ?3 j4 o9 L. l
C. all combinations of two goods that the consumer can purchase with disposable persona income
3 k# ~% |, l# R& s6 n& B D. equal income for consumption- q7 g4 i, W4 t' h: h& R; ]. d$ y
13. The value of any investment is found by computing ______.# |' B' w/ W! f5 ^- ?
A. the future value of all future expenses! d4 P- z3 j6 {7 }4 h( b
B. the future value of all sales1 F2 Y) F" d( s- V- j* @
C. the present value of all future liabilities
" _9 X& H+ n& { D. the present value of all cash flows% z' | t$ G. _. y) O( l
14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .& r$ ], A0 ~+ T$ z& v* r/ _, Z9 V
A. always consists of central-bank liabilities
, f$ x* I- J @+ i" O2 V/ J, g B. always consists of assets that can serve as commercial bank cash reserves1 d/ [3 ~( g; |+ G- U- l3 r/ {
C. always consists of gold coin2 ~" X/ M) S( z* H( g0 g; [
D. must be a "fiat" money
y* ]; v n/ l4 F' v3 f 15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.. V: m# T5 _% Y0 \% o2 |
A. chronological& e1 s! v! e) Q* M/ I$ b& E) }
B. term
, a5 f- {0 d6 b* M& T7 m' ]/ S. x C. risk! n7 p6 ]9 F0 \0 t' r5 G/ h7 A1 L
D. liquidity/ j/ A2 Y7 T( \$ F. c/ Z6 o
16. An example of an investment pool is ______.
* a/ F% ]1 U- Q. s% {# V/ A A. a savings and loan association
' c: Z8 s _/ c B. a life insurance company. [9 t+ S( V% G* Z9 S# |
C. a finance company- ^3 M L% h: b6 d8 Z
D. a mutual fund
2 ~) i; L% ?1 y+ ~1 i2 F 17. Sustained downward movements in the business cycle are referred to as ______./ C; |6 I( P# q$ d
A. recessions |
发表于 2012-8-16 08:05:44
楼主