练习 ：ChoosetheBestAnswer[2]

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　　1. The holder of preference shares has preference over the ordinary shareholders under the following circumstance: _______.
+ _0 q" e1 x# L7 W　　A. his voting rights are considered more important
8 B& X% ?* h) e/ X　　B. he has the greater right in choosing the board of directors
/ {* L  ^- [, a5 K2 M" e# x　　C. he receives his dividend before the ordinary shareholder
　　D. he has the right to buy ordinary shares more cheaply
/ @( Z, B: o7 e! E! n/ o　　2. What are the two major accounts in the balance of payments______.
　　A. Current account and fixed account
　　B. Capital account and deposit account
/ S& Q) p4 j+ [) E' W　　C. Capital account and current account
: X8 t" v7 X- s! J　　D. The account recording transfer payment and the account including an offsetting transaction
　　3. Which of the following is not a financial instrument______.
- U9 X" q+ k, l2 N8 Y　　A. Treasury bills
! }0 Y3 \. j# m　　B. Real estate
' M( V, z! U5 b6 z. t" @7 \/ j　　C. Mortgages
" P) h2 e/ d* |/ i4 z, Z　　D. Stocks
, M8 ]) \/ h2 z  M6 m# E6 a# w　　4. The yield to maturity on a bond is ______.
8 g8 \" V8 `. Z9 q8 h1 W　　A. below the coupon rate when the bond sells at a discount, and above the coupon rate when the bond sells at a premium
　　B. the discount rate that set the present value of the payments equal to the bond price
　　C. the current yield plus the average annual capital gain rate
. ]2 G& D9 q4 m& W0 M* O　　D. based on the assumption that any payments received are reinvested at the coupon rate
! \. L8 l+ }+ N, u　　5. The annual interest paid on a bond relative to its prevailing market price is called its ______.
　　A. promised yield
% ]5 c4 x9 p( `+ `　　B. yield to maturity
　　C. coupon rate
' [3 s, H; b1 S3 E' H0 }　　D. current yield
　　6. Rapid increases in the price level during periods of recession or high unemployment are known as .
　　A. stagnation
. f* d' C+ X& Z! U( b: v　　B. stagflation
! {6 h" u6 C6 @# ~　　C. slump
( |0 A# I( ^" A. s$ k$ y7 d, E　　D. inflation
) S) n1 H' Y' d& L　　7. A person who left his/her job to look for another job would be classified as ______.
4 B9 i% l$ @4 T: a　　A. structurally unemployed
　　B. cyclically unemployed
; |- y$ _! e" J& J8 \　　C. frictionally unemployed
8 Z3 {, z$ t% j% u7 d" \/ i　　D. no longer in the labor force
  f9 Q8 M! A. i# @　　8. Which of the following is not included in a statement of owner's equity______.
　　A. Net income
1 ~) ~) m- i6 ^  {% ~　　B. Unearned revenue
　　C. Dividend
8 ?0 p0 Z% m5 L- b8 @4 L　　D. Retained earning
0 j3 p8 M7 E( O* K1 D) c  }2 K  k* N　　9. If the Federal Reserve sells bonds and Congress cuts taxes and increases government spending,then the U.S. government has ______.
! Z0 Q- g% A9 w& d5 K　　A. expansionary monetary policy and contractionary fiscal policy
　　B. contractionary monetary policy and expansionary fiscal policy
; o' |. n9 J9 d$ `7 u  @0 b, s　　C. expansionary monetary policy and expansionary fiscal policy
( b2 l9 o$ {  G* [2 B/ B/ X  N0 ~% {　　D. ontractionary monetary policy and contractionary fiscal policy
8 Q! @) s( d* L' Q6 O　　10. As the real wage rises, the substitution effect causes the worker to consume more ______ and less ______.
　　A. leisure... work
; p6 H1 w# o# W- J$ O" d　　B. work... leisure
, o" A. W; E+ M% l, v9 g$ h　　C. work.. .of all of other goods
　　D. leisure.. .of all other goods
　　11. The federal funds rate is the interest rate ______.
　　A. on overnight loans of reserves between banks
　　B. the government pays when borrowing from banks
　　C. on government debt
' y, _3 ^" B2 n$ {, C4 Q9 |2 L　　D. both A and B
. U/ f. _- v$ L+ o7 h　　12. A consumer's indifference curve shows ______.
　　A. all combinations of two products that a consumer can use
　　B. all combinations of two products that yield the same total satisfaction to the consumer
  f0 Q0 G- i# X　　C. all combinations of two goods that the consumer can purchase with disposable persona income
　　D. equal income for consumption
1 K. E6 Y' ^9 S. C3 K3 _6 J　　13. The value of any investment is found by computing ______.
　　A. the future value of all future expenses
　　B. the future value of all sales
# ^9 u5 o' J( \2 u, r2 F- m; e　　C. the present value of all future liabilities
' @, f2 [" F. h' s5 _, l　　D. the present value of all cash flows
6 ?/ Q# v2 r% I% O( c: t0 f　　14. A "base" or "high-powered" money is distinguished from other types of money by the fact that it .
( z6 m* I& ?; p5 Q: c" O$ A　　A. always consists of central-bank liabilities
　　B. always consists of assets that can serve as commercial bank cash reserves
　　C. always consists of gold coin
/ w' n# V) A' N. ~" K: r3 y1 r& P" e* H　　D. must be a "fiat" money
　　15. The relationship between interest rates on various bonds, and the time to (heir maturity is called the ______ structure of interest rates.
　　A. chronological
　　B. term
　　C. risk
　　D. liquidity
& N1 J  h- f: l1 q0 `　　16. An example of an investment pool is ______.
5 j7 q3 p. x' u; K% s* E　　A. a savings and loan association
　　B. a life insurance company
6 e* R: p( G* b4 f6 K$ H　　C. a finance company
　　D. a mutual fund
　　17. Sustained downward movements in the business cycle are referred to as ______.
% H, H; W) W, k5 _, r( R1 X; G; ]　　A. recessions

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　　B. economic recoveries
/ A6 g# U8 v+ r; D  a4 h5 y　　C. inflation
5 u/ ]3 K2 ~4 }　　D. expansions
& Y3 R! k: c! [! I　　18. _____ offers a wide spectrum of personal services to wealthy clients who may have little knowledge of how to handle their own financial affairs or who are too busy.
: O+ t, W4 s3 g9 Z- h　　A. A private bank
　　B. Private banking
　　C. Personal banking
7 J. u" z( l# {, x* n! V# R$ s　　D. Retail banking
　　19. Which of the following can be described as involving direct finance______.
　　A. A pension fund manager buys a short-term corporate security in the secondary market
; Y1 x9 e2 m5 J7 y! h& d8 y0 ?　　B. People buy shares in a mutual fund
; k0 h2 V9 K7 B% d% }2 i　　C. A corporation issues new shares of stock
/ `, q) D( _( W, G* O) x　　D. An insurance company buys shares of common stock in the over-the-counter markets.
: I' }3 v2 \* q5 U# D2 n/ V　　20. A call option gives the owner the right to ______.
! {) ^) B! _9 P7 j1 \　　A. sell the underlying asset at a fixed price
　　B. buy the underlying asset at a fixed price
　　C. convert the underlying asset at a fixed price
6 ~3 h7 @" _4 y) k' E* j　　D. take delivery of the underlying asset at a fixed price