11. If a nation's interest rates are relatively low compared to those of other countries, then the exchange value of its currency will tend to ______ under a system of exchange rates.
% m- G- J) N& Z* n2 z. N A. appreciate... floating3 z. K2 Z4 c: V1 Y3 t
B. depreciate...floating
2 s& ^' `! h; L5 H- P8 c+ ? C. appreciate... fixed3 Y0 ?! P9 [( S% B; }
D. depreciate... fixed1 d7 j, i, i( [9 Y% N Z
12. Which of the following is true of a company's balance sheet? ______., R) _ J* S: E/ C [: I/ J9 x
A. It displays sources and uses of cash for the period
: p$ p, _5 j7 e B. It is unnecessary if both an income statement and a statement of cash flows are available8 k! e* _, I6 d" J3 ~% f
C. It is a separate representation of the company's revenue and expense transactions for the year3 U5 l) t" b. V, H
D. It is an expansion of the basic accounting equation of Assets=Liabilities+Owner's Equity% U( Z5 C5 h* }' E5 n# j! J
13. When Americans or foreigners expect the return on dollar deposits to be high relative to the return on foreign deposits, there is a ______ demand for dollar deposits and a correspondingly ______ demand for foreign deposits.' U" |- l* S0 t! `
A. higher... higher) n1 V. W, T/ M* Q+ r! L
B. lower... higher& D% M7 ^7 ^7 I% @, A
C. higher... lower
t1 O2 L$ ]3 Q" c/ U: ^" o+ O D. lower...lower
+ ^4 T, v# s4 M$ ]- o 14. Velocity is the ______.
6 [. E' M( W5 K( d- ~/ i+ O A. inverse of GNP: ], B& u$ B4 v
B. speed at which checking accounts are converted into cash
9 P# Y/ S9 x. B4 e; f/ Z! k C. relationship between the price level and the money supply
% {: c, J2 i- t8 v2 x% m D. rate at which money turns over0 Z4 V5 Z3 N4 b" U( x
15. Assume that of your $10 000 portfolio, you invest $9 000 in Stock X and $1 000 in Stock Y. What is the expected return on your portfolio? ______.$ n2 O( `5 Z3 h: G# d
A. 18%
% e7 R5 x1 A2 }6 ?, n B. 20%
/ A3 s9 d7 o9 e# A1 O% r' m" { C. 19%0 O2 {9 U1 ]( D
D. 3%
+ s& f# u8 Y" j/ o 16. Which of the following would you expect to find in a correctly prepared income statement? .
( O: C. e. b, |) _ B% I A. Cash balance at the end of the period
. ~3 L- M/ F) @4 |* M6 i: [+ p B. Expenses incurred during the period to earn revenues5 g4 g0 }/ j) ~. n* f
C. Contributions by the owner during the period
/ ^$ B8 [/ ?% o1 v4 K D. The reported company's financial position at a specific date
, K5 K4 B6 Z6 R" Q0 _3 n6 x 17. The concept of beta is most closely associated with ______.0 n5 ~5 D/ N% E r* p2 c# R
A. correlation coefficient" Q3 T9 d2 K! Z, y8 ^
B. the capital asset pricing model
+ d$ q( Y8 e) ~5 e C. nonsystematic risk
0 h; h9 ?& W6 W D. mean-variance analysis
8 j4 _- K$ B6 [0 [% ? 18. The velocity of money for a given year can be calculated by ______." {8 h* o" D- g# _. C
A. dividing GNP by the money supply% o, m' R0 x; ~3 v; R0 B6 V+ s+ `9 F0 B
B. dividing aggregate supply by aggregate demand
6 H0 Y- b( F6 `; }: v1 S C. dividing the price level by the money supply2 g/ _+ U2 M3 U8 K# i: E) X+ x* u+ n F
D. multiplying the price level by total output
$ E9 P. j4 H9 O8 v/ a/ o 19. The theory of purchasing power parity states that exchange rates between any two currencies will adjust to reflect changes in ______.7 k2 W9 ]5 `4 k' _$ y
A. the price levels of the two countries
& O# q% u7 X4 U B. the current account balances of the two countries+ H' f9 Y( W7 X" |% e, v
C. the fiscal policies of the two countries; L1 v! p0 A3 i1 o, _9 \% [' u
D. the trade balances of the two countries3 q" B; d, b' w+ b
20. Before issuing a credit, it is important for the issuing bank ______.& z- U# T. y- ?) ^
A. to make certain of the importer's creditworthiness0 K. x3 \) E9 X; i; C3 t
B. to go through the contract terms8 T+ Y4 o4 s* p
C. to have a thorough understanding of the exporter' r2 F) n/ Z" V9 b% I8 p" Q
D. all of the above
( l; D) l4 W8 ^3 U& o! ~+ V 答案：
: j {1 ~# i- Z1 F: k/ D 1.A 2.D 3.C 4.B 5.B 6.B 7.C 8.A 9.D 10.D1 O e( z; s7 D9 C# r0 P
11.B 12.D 13.C 14.D 15.C 16.B 17.B 18.A 19.A 20.A |
发表于 2012-8-16 08:05:44
